Nevgold Drill Program to Follow-up on Historic High-Grade Silver Mineralization at Historic Cornucopia Mining District, Nevada

Nevgold Resource Corp. (TSX VENTURE:NDG) ("Nevgold" or "the Company") is pleased
to announce plans to follow-up on historic high-grade silver drill results at
the Cornucopia property in north-central Nevada during the 2011 field season.
Nevgold's recent compilation of over 25,000 feet of historic drill results has
not only highlighted the high-grade silver mineralization within the well-known
Leopard vein system, but as well a corridor of lower grade, near-surface, oxide
silver-gold mineralization with bulk tonnage exploration potential. The historic
drill data, coupled with the Cornucopia District's high-grade underground mining
history that dates back to 1873, emphasizes the discovery potential for a broad
system of silver mineralization that has remained unexplored during the current
bull market in precious metals. Cornucopia's upside potential is further
underscored by the recent 30 year highs in the price of silver. The Company's
upcoming program will be focused on the surface-exposed, high-grade, oxide
silver (gold) mineralized system hosted within Nevgold's privately-held,
patented claim land position. Please see www.nevgoldcorp.com for more
information.


Introduction and Discussion of Historic Drill Results. The Cornucopia project
occurs in Elko County's historic Cornucopia mining district, and is situated
approximately 15 miles north-northwest of Tuscarora, Nevada. Nevgold's
consolidated land position covering the Cornucopia district is comprised of a
contiguous block of one patented and 48 unpatented lode mining claims totalling
approximately 950 acres. The property's epithermal silver mineralization is
hosted by Tertiary volcanic rocks, and is similar to the Midas mine (Newmont
Mining Corporation) and the Ivanhoe property (currently under development by
Great Basin Gold) located 32 miles to the southwest. The mineralization is
associated with quartz veining, silicification and argillic alteration.
High-grade silver veins of the Leopard underground mine occur with ruby silver,
tetrahedrite, stephanite and electrum, and display crustiform to colliform
banding, and evidence of multiple periods of vein and wall rock brecciation.


Nevgold's data compilation is based upon past exploration conducted by three
companies: 1) Homestake Mining Corporation drilled 9 rotary and 9 core holes
totalling 4,559 feet in 1979, 2) Western States Mining Company drilled 58 rotary
holes totalling 11,800 feet from 1980 to 1981, and 3) Bonanza Silver Corporation
drilled 14 reverse circulation holes totalling 9,175 feet in 2000. This historic
drill data, combined with mine production records and surface geologic mapping,
delineates a northwest trending, 2000 by 500 foot corridor of silver-dominant
precious metals mineralization parallel to the structural fabric of the Leopard
vein system.


In general, the drill pattern consists of vertical holes at a nominal grid
spacing of 70 to 100 feet. The mineralized corridor is best represented by
Homestake's drilling on a fence of three angle core holes (CD-16 to -18) and one
rotary vertical hole (CR-2) that returned a series of near-surface silver
intercepts as summarized below.




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                                                 True                      
Drill           From         To     Length      Width     Silver     Silver
Hole             (ft)       (ft)       (ft)    (ft)(i)    oz/ton        g/t
---------------------------------------------------------------------------
CD-16             62        131       69.0       64.8       2.42       83.1
---------------------------------------------------------------------------
CD-17             23         53       30.0       27.2       8.23      282.0
---------------------------------------------------------------------------
  Including       23         43       20.0       18.1      11.92      408.7
---------------------------------------------------------------------------
CD-17          164.5        173        8.5        7.7       1.81       62.1
---------------------------------------------------------------------------
CD-18             18         91       73.0       30.8       6.60      226.1
---------------------------------------------------------------------------
  Including       56         66       10.0        4.2      38.00     1302.9
---------------------------------------------------------------------------
CR-2               0        100      100.0       34.2       7.31      250.5
---------------------------------------------------------------------------
  Including       45         90       45.0       15.4      13.84      474.5
---------------------------------------------------------------------------
(i) True widths are approximate and based upon interpretation of the
    mineralizing controls as currently understood.



Although Cornucopia has been known as a high-grade silver district, there is a
significant envelope of lower grade oxide mineralization as outlined by over
2900 feet (11%) of drilled intercepts that assayed greater than 0.50 oz/ton
silver (max 71.50 oz/ton Ag). In addition, the property has significant gold
exploration potential as given by drill intercepts totalling 900 feet (3.5%)
that assayed greater than 0.010 oz/ton gold (max 0.660 oz/ton Au). Importantly,
the silver mineralization crops out at surface, as highlighted by the drill
intercepts in the following table (also see CR-2, 0-100 feet in preceding
table).




---------------------------------------------------------------------------
                                                 True                      
Drill           From         To     Length      Width     Silver     Silver
Hole             (ft)       (ft)       (ft)    (ft)(i)    oz/ton        g/t
---------------------------------------------------------------------------
CR-4               0        165        165       56.4       1.77       60.8
---------------------------------------------------------------------------
  Including      120        145         25        8.6       4.78      163.7
---------------------------------------------------------------------------
CR-6               0         30         30       10.3       1.82       62.3
---------------------------------------------------------------------------
L4S-0E             0        195        195       66.7       1.32       45.1
---------------------------------------------------------------------------
L5S-0E             0         90         90       30.8       0.99       34.0
---------------------------------------------------------------------------
L6S-0E             0         70         70       23.9       1.17       40.2
---------------------------------------------------------------------------
(i) True widths are approximate and based upon interpretation of the
    mineralizing controls as currently understood.



Homestake and Western States focused their 1979-1981 work in the area of
historic underground mining activity, whereas Bonanza Silver's drilling in 2000
was principally peripheral to the zones of known mineralization. Accordingly,
the property has not undergone significant exploration in the primary resource
target area in nearly 30 years. This presents Nevgold with an exceptional
exploration opportunity in a mining district known for its documented history of
high-grade silver production (NBMG "Mineral Resources of Elko County, Nevada
1991; Bulletin 106; Lapointe, Tingley and Jones).


Nevgold's 2011 Program. The Company is currently planning for a 2011 exploration
program consisting of geological mapping, geochemical sampling and reverse
circulation drilling to follow-up on the historic results. Nevgold's drilling
will provide a check of the historic rotary and core assay results, as well as
potentially providing a foundation for a NI 43-101 compliant resource estimate
for the property. The location of the principal target area within Nevgold's
patented claim position should facilitate the permitting process, which is
expected to be completed by the end of May (assuming normal seasonal weather
conditions).


Comments on Historic Results and 2010 Nevgold Sampling. The Company believes
that the historic drill results are reliable and relevant. There are no historic
drill samples available for Nevgold check assaying, although the Homestake drill
logs do record confirmatory independent lab check assays. Furthermore,
exploration results from three companies, one a well-known international mining
company (Homestake, since taken over by Barrick in 2002) and another a
long-standing US explorer and producer (Western States Minerals Corp.), provide
some measure of independent cross-check and verification of the results.
Nevgold's preliminary reconnaissance assessment of the property included 38 grab
samples taken from waste dumps and stockpiles in the historic mining area, with
results averaging 1.61 oz/ton silver (55.1 g/t Ag), with a maximum 17.15 oz/ton
silver (588.0 g/t Ag). The gold results from this sampling averaged 0.013 oz/ton
(0.44 g/t Au), with a maximum of 0.186 oz/ton (6.37 g/t Au).


Comments on Sampling, Assaying, and QA/QC. Nevgold's samples were collected in
accordance with accepted industry best practices. Assay and geochemical analyses
were performed at ALS Chemex (ISO 9001:2000 certified), with gold determined by
fire assay with ICP-AES finish, and silver determined with aqua regia digest and
ICP-AES or AAS techniques. As standard procedure, the Company conducts routine
QA/QC analysis on all assay results, including the systematic utilization of
certified reference materials, blanks, and field duplicates.


Mr. Dean D. Turner, P.Geo., a Qualified Person as defined by National Instrument
43-101 and consultant to the Company, has reviewed and verified the technical
information contained in this news release.


About Nevgold. Nevgold Resource Corp. is focused on the acquisition, exploration
and development of select high quality precious metals properties with near to
intermediate term production potential in the western US.


Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Nevgold
Resource Corp. Actual results may differ materially from those currently
anticipated in such statements.