NV Gold Announces Closing First Tranche of Private Placement for Proceeds of $402,700

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NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that it
has closed on an initial tranche of 2,684,666 units (the Units") under the
non-brokered private placement it announced on July 10, 2014. It received
$402,700 in gross proceeds for the Units issued. 


The Units were sold at $0.15 per Unit. Each Unit consists of one Share and
one-half of one Warrant exercisable at CDN$0.25 per share until January 24,
2016.  


Funds from this placement are budgeted for the planned drilling programs at the
Company's Rattlesnake Hills Project, located in Natrona County, Wyoming and for
general corporate purposes. 


The Company has identified two drill targets on the Rattlesnake Hills Project
that are distal to the two known discoveries and the Company plans to drill both
of them starting in August. The program is expected to take approximately two
months. 


John Watson, President and CEO of the Company stated "The purpose of the
financing was to fund the two drilling programs that we have been planning since
the acquisition in March. Both targets are highly promising and drilling is
expected to commence within two weeks. This financing provides adequate funding
for both programs along with all associated costs. By closing this initial
tranche now, it allows us to get the program underway with first results
anticipated in September." 


The Units and any shares of the Company issued on exercise of the Warrants
forming part of the Units are subject to a hold period expiring on November 25,
2014. 


On behalf of the Board of Directors, 

John E. Watson, President and CEO 

For further information, visit the Company's website at www.nvgoldcorp.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NV Gold Corporation
John E. Watson
303.674.9400
[e-mail]
www.nvgoldcorp.com