NV Gold Corporation
TSX VENTURE : NVX

October 15, 2010 15:28 ET

NV Gold Commences Drilling Nevada Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2010) - NV Gold Corporation ("NV Gold") (TSX VENTURE:NVX) is pleased to announce that a 2,500 metre 20-25 hole RC drill program has commenced on its 100% owned Afgan-Kobeh gold project located in Eureka county, Nevada.

The current drill program will focus on expansion of the NI 43-101 compliant gold resource of 50,000 ounces Indicated (1.85 million tons @ 0.027 oz Au/ton (0.926 g Au/ton)) and 34,000 ounces Inferred1 (1.29 million tons @ 0.026 oz Au /ton (0.891 g Au/ton)). Work to date indicates that the Afgan-Kobeh is a Carlin-type gold deposit that remains open to expansion in several areas.

The Afgan-Kobeh property, located in NE Nevada 28 miles NW of the town of Eureka, covers 2,180 acres and consists of 109 unpatented claims. The project's potential is enhanced by its location at the intersection of the Northern Nevada Rift and the Cortez trends between the previously mined Gold Bar deposit (Atlas, U.S. Gold) and the producing Archimedes (Ruby Hill) mine (Barrick Gold).

NV Gold is a newly listed company committed to developing gold-copper resources. The Company has a proven management team and extensive connections to projects and financing.

ON BEHALF OF THE BOARD OF DIRECTORS OF NV Gold Corporation

John E. Watson, President, CEO

1Midway Gold Corp., 2007 using a cut-off of 0.010 oz Au/ton (0.343 g Au/ton)

Statements in this news release relating to the acquisition agreement and future payments, securities issuance and royalty grant may constitute forward-looking information. Such statements address future events and conditions and, as such, involve known and unknown risks, including risks relating to the due diligence review of the Vendor, which may cause the actual results to be materially different from any future results expressed or implied by the statements. Other than as required by law, NV Gold undertakes no obligation to update its forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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