NV Gold Announces Private Placement for Up to $600,000

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today a
non-brokered private placement for gross proceeds of up to $600,000 (the
"Placement").


The Placement is an offering of up to 4,000,000 units (the "Units) at $0.15 per
Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at
CDN$0.25 per share for eighteen months from issue of the Units. Funds from this
placement are budgeted for the planned drilling programs at the Company's
Rattlesnake Hills Project, located in Natrona County, Wyoming and 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.


The Placement is subject to the approval of the TSXV.

On behalf of the Board of Directors,

John E. Watson, President and CEO

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
President and CEO
303.674.9400
[e-mail]
www.nvgoldcorp.com