Pan-Nevada Gold Corporation
TSX VENTURE : PNV

Pan-Nevada Gold Corporation

February 06, 2006 09:30 ET

Pan-Nevada Gold Retains Corporate Development Advisor

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 6, 2006) - Pan-Nevada Gold Corporation (TSX VENTURE:PNV) announced today that it has engaged the corporate development services of Minvest Inc., a multidisciplinary consulting firm focusing on all facets of the mineral industries and the financial markets.

Minvest's mandate is to identify key financial institutions and investors, strengthening Pan-Nevada's profile in the mining and financial communities, and to search for new properties and corporate opportunities.

The president of Minvest is Paul C.M. Roberts, M.A. Sc., M.B.A., P.Eng.

Mr. Roberts is well known as a highly ranked mining analyst and an international mine exploration and development consultant.

As well as substantial senior level industry experience, his career includes 14 years in the investment business, primarily heading up the mining research team at Merrill Lynch Canada.

In the global mining arena, in addition to a career with an international mining consulting firm, Mr. Roberts was Director of Corporate Development for a Canadian mining firm developing and operating mines in Latin America.

He has also demonstrated significant operational authority as President and CEO of three publicly traded junior mining companies and is uniquely qualified to help move Pan-Nevada Gold's mission forward.

Paul is a member of Pan-Nevada Gold's Board of Directors.

Castleworth's mission is to enhance shareholder value by acquiring, exploring, and developing advanced-stage projects located within the major gold producing areas of Nevada. The Company has announced significant 43-101 verified resources at two of its projects, Pan and Afgan, both located in the Battle Mountain-Cortez Trend and has recently acquired an option on the Jessup Gold Project, which has a significant historical gold estimate prepared by MDA, of Reno, Nevada.

On behalf of the Board of Directors,

(sgd.) "John E. Watson"

President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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