NFX

NFX GOLD INC. (TSX VENTURE:NFX) (the "Company" or "NFX") is pleased to announce
that a surface diamond drilling program has commenced on the Lemoyne North
Property, pursuant to the Company's July 2007 option and joint venture agreement
with Eloro Resources Ltd. ("Eloro").


The 100 km2 Lemoyne North Property is located within the La Grande Belt in the
James Bay district of Quebec and straddles the northern border of Virginia Mines
Inc.'s Poste Lemoyne property where Virginia Mines Inc. has outlined a 95,000
ounce gold resource grading 14.5 g/t gold, that included intersections of up to
43.09 g/t gold over 11.65 m (Source: Virginia Mines Inc. website).


Recent work completed at the Lemoyne North Property has identified felsic
volcanic rocks with sulphide mineralization and accompanying alteration similar
to the world-class Doyon-Bousquet-LaRonde Camp of the Abitibi Belt. The work has
identified targets for immediate drilling where the alteration is strongest, and
where Eloro's 2006 drilling intersected semi-massive sulphides anomalous in
gold, silver and zinc. Historic grab sample assays at Lemoyne North (Virginia
Gold Mines, 1996, Boreal Exploration, 1998), include grades up to 4% copper, 21
g/t gold and 38 g/t silver.


In July 2007 Eloro optioned four mineral properties located within the La Grande
belt to the Company. The properties involved in the transaction are the Lemoyne
North, Horseshoe, Taiga and Taiga West properties (the "Properties"). Under the
terms of the option and joint venture agreement, the Company has an option to
earn a 50% interest in the Properties by incurring C$ 3 million in exploration
related expenditures on or before July 15, 2011.


The Company has initiated a 2,000 meter surface drilling program to test the
sulphide zone associated with alumina and magnesium bearing alteration, typical
of the Doyon-Bousquet-La Ronde Camp. This wide alteration zone has been
delineated over a 3 km strike length by geophysics and is more than 200 m wide.
Grab samples from this zone consist of abundant pyrite - pyrrhotite (iron
sulphides) and minor chalcopyrite (copper sulphides) and sphalerite (zinc
sulphides).


This release contains certain "forward-looking statements". All statements,
other than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future, are forward-looking statements. Potential quantity and grade is
conceptual in nature. There has been insufficient exploration to define a
mineral resource on the properties mentioned above and it is uncertain if
further exploration will result in any such target being delineated as a mineral
resource. Forward-looking statements reflect the current internal projections,
expectations or beliefs of the Company based on information currently available
to the Company. Forward-looking statements are subject to a number of risks and
uncertainties, including those detailed from time to time in filings made by the
Company with securities regulatory authorities, that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on, the Company.

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