Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

September 16, 2005 09:15 ET

Placer Dome U.S. Initiates Drill Program on Nevada Pacific's BMX Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 16, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is pleased to announce that Placer Dome U.S. Inc., (Placer Dome) a subsidiary of Placer Dome Inc., has commenced a drill program on the Long Peak portion of the Company's BMX property. The BMX project covers approximately 24 of a 33 square mile total that Nevada Pacific Gold holds in the northern end of the Battle Mountain/Eureka gold trend. Placer Dome has the right to earn a 60% interest in approximately 2 square miles of the BMX project by spending US$4.0 million on exploration over a five-year period. Placer Dome can earn an additional 10% interest (70% total) by carrying Nevada Pacific through a feasibility study. In February 2005 Placer Dome acquired an earn-in right on the Long Peak property that has been included in the joint venture agreement governing the BMX property.

The Long Peak property is located on the southern edge of the BMX land package adjacent to the historic Bluebird mine. The property consists of 34 unpatented mining claims covering 640 acres. The Bluebird and Long Peak project areas host a set of gold-base metal veins/shears. Placer Dome has received permit approval for 11 drill sites on the Long Peak property and plans to drill four holes during this phase.

Historical drilling in the Bluebird/Long Peak area resulted in the northern most drill hole (DEW98-07) containing 10' of 0.135 opt gold from 25' to 35' and the southern most drill hole (DDH-1), located 5,000 feet south of DEW98-07, containing 3.5' of 0.767 opt gold, 32.5 opt silver, 0.83% Pb and 0.55% Zn from 910' to 913.5'. Three other holes also reported significant mineralization as follows: 50 feet of 0.147 opt gold; 50 feet of 0.058 opt gold; and 10 feet of 0.057 opt gold and 3.35 opt silver. Both open pit and underground potential exists in the project area with several gold targets similar to nearby mines such as Surprise and/or Trenton Canyon.

Mr. Curt Everson, P. Geo., M.Sc., is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company in Nevada.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. The Company's BMX, Keystone and Limousine Butte projects are under joint venture agreement to Placer Dome U.S. A description of these projects, including maps and photographs can be viewed on the Company's website at www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

David Hottman, Chairman

Cautionary Statement on Forward-Looking Information

Certain information set forth in this report contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties including: the results of current operation and exploration activities; market reaction to future operation and exploration activities; significant changes in metal prices; currency fluctuations; increases in production costs; differences in ore grades; recovery rates; and tonnes mined from those expected; changes in mining, or heap leaching rates from currently planned rates; the timing and content of work programs; geological interpretations; receipt and security of mineral property titles; general market and industry conditions; and other factors detailed in the Company's public filings.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise an, as such, undue reliance should not be placed on forward-looking statements. The Company's actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements, and accordingly, no assurance can be given that the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

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

Contact Information