NVX NV Gold Corporation

NV Gold Corporation ("NV Gold") (TSX VENTURE:NVX) reports it has completed the
25-hole 2,355-metre reverse-circulation drill program (previously announced) on
its 100-per-cent-owned Afgan-Kobeh gold project located 28 miles northwest of
Eureka, Nevada, along the Cortez Trend. All drill samples were submitted for
analysis to ALS Chemex of Reno, Nevada and all results have now been received.


"We are very encouraged by the results of this program," stated John E. Watson,
President and CEO of NV Gold Corporation. "Several areas of wide-spaced drilling
from previous work were successfully offset or in-filled, which may increase
tonnage and could enhance the grade of the known mineralization in several
areas. High-grade mineralization, identified from previous drilling programs was
offset and enlarged. Step-out holes were successful in opening new possibilities
for further enlargement. The program exceeded our expectations."


In addition to the drilling completed in this program, the Company has completed
a data verification of the existing database, including re-surveying of all
identifiable drill collars from previous programs. The Company expects that this
work will confirm better continuity of mineralized zones, enlarge their size and
provide a better model for formulating targets for future programs. The Company
plans to undertake a new NI 43-101 Technical Report and Resource Calculation on
the property as soon as possible.


Hole AF10-01, which was sited to offset a historical hole that intersected a
down-dropped structural block of higher-grade mineralization that remained open
to the south returned the best intercept of the program, yielding 18.2 metres
grading 4.2 gpt Au, including 7.6 metres of 5.49 gpt. Hole AF10-02 yielded 54.5
metres grading 0.40 gpt Au. This intercept indicates the presence of potentially
ore-grade mineralization over significant thicknesses beneath other intercepts
in the vicinity.


Holes AF10-05, 10-06, 10-07 and 10-08 were drilled in areas where historic
mineralization had yielded weak mineralization relative to the main zones of
mineralization. All four holes intersected very shallow mineralization generally
better than these historic holes, implying the area should be re-assessed.


Significant intercepts from the Company's program are summarized in the table
below. True widths will be determined as holes are interpreted from
cross-sections.


To view accompanying table, please click on the following link:
http://media3.marketwire.com/docs/NVXtable.pdf


Hole AF10-09 was drilled to test a 100+ metre long zone of strong grades, but
the hole was lost in material that returned in excess of 2 gpt Au at a depth of
24 metres. Hole AF 10-21 was offset a few meters to the northwest and was
successful in reaching the target depth. Holes AF10-14 and 10-15 encountered a
highly-altered igneous body intruded into the host stratigrapy. Hole AF10-14
went out of the intrusive into strongly oxidized sediments, then back into
intrusive, where it was terminated. Hole AF10-15 was drilled at an angle to find
the edge of the intrusive and test for mineralization along this contact. Gold
mineralization was present at and below the contact with the underlying
sediments, suggesting a "ponding" of mineralizing fluids below the contact. Hole
AF10-18 also went through strongly altered igneous rocks into strongly altered
and oxidized, gold-mineralized sediments. Previous drilling apparently
encountered intrusive rock, but its importance on controlling mineralization
does not seem to have been recognized.


Hole AF10-20 was an angle hole drilled to intersect an untested area north of
the resource perimeter, between two widely-separated holes that were well
mineralized. The hole intersected 57.6 metres of 0.776 gpt Au, which included
19.7 metres grading 1.733 gpt Au, the strongest intercept encountered to date in
the northern half of the property.


A second drill program is planned for Spring, 2011 following detailed review and
analysis of this program.


The Afgan-Kobeh project consists of two contiguous parcels, a block of 109
unpatented claims covering an area of approximately 2,180 acres that are 100%
owned by the Company, subject to a 1% NSR in favor of a third party, and a lease
that applies to 104 unpatented claims covering an area of approximately 2,080
acres, which is subject to a 3% NSR in favor of the lessor. A total of over
4,200 acres is currently owned or leased by the Company. The project's potential
is enhanced by its location near the southeastern limit of an alignment of
mineral deposits, referred to as the Battle Mountain-Eureka Gold Trend (also
known as the Cortez Trend), at its intersection with the Northern Nevada Rift.
The project lies between the previously mined Gold Bar deposit (Atlas; now
controlled by U.S. Gold) and the currently producing Archimedes (Ruby Hill) mine
of Barrick Gold Corp.


Assays reported were conducted by ALS Chemex (Reno, Nevada) using a fire assay
with an AA finish. The data verification procedures and QA/QC procedures
followed for the recent drilling program were consistent with industry
practices. Mr. Odin Christensen, C.P.G., a director of the Company and a
Qualified Person under NI 43-101, prepared or supervised the preparation of the
scientific and technical information that forms the basis of this news release
and has reviewed and approved of the contents of this news release.


NV Gold is a recently listed company committed to developing gold and 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

Drill Hole Location Map with 2004 Resource Projection:
http://media3.marketwire.com/docs/NVX.doc


Statements in this news release relating to possible increases in tonnage and
enhanced grade of known mineralization, new possibilities of enlargement of
known mineralization, expectations that data verification and re-surveying will
confirm better continuity and may enlarge tonnage and provide better data, plans
for a new technical report and a second drilling program and references to
potentially ore-grade mineralization may constitute forward-looking information.
Such statements address future events and conditions and, as such, involve known
and unknown risks, including risks relating to formal resource calculation
yielding different conclusions, the availability of financing and the general
risks of project exploration and development, 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.

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