NV Gold Corporation: Medel/Lucmagn Commune Votes Against Granting Long Term Permit for Medel Property, Switzerland

NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that, in a
plebiscite conducted in the Commune of Medel/Lucmagn proposing that the Commune
grant a long term exploration permit over the Medel Property to the Company's
wholly-owned subsidiary, SwissGold Exploration AG ("SGE"), the people of the
Commune voted against the proposed long term permit by a majority of
approximately 2/3rds. 


SGE presently holds an exploration permit for the Medel Property that was
originally granted in 1986 and is subject to renewal on an annual basis. The
Company is very encouraged by its exploration results at the Medel property but
felt that before spending significant funds on exploration at the Property it
wanted greater security of title. SGE asked the local authority to replace its
current permit with a five year exploration permit that was renewable for a
further five years at the Company's request. The local authority felt a
plebiscite should be held to approve such a request, and the people of the
Commune did not approve it.


John Watson, the President and CEO of the Company, stated: "We are very
disappointed with the results of the vote. The Commune of Medel/Lucmagn strongly
approved an updated mining law by public vote in 2008 and the Company felt this
reflected an acceptance in the Commune of the economic opportunities that mining
could bring. With the results of this vote the Company must reassess the future
of the project."


Although the Company still holds an annual exploration permit, the Company will
be considering the results of the plebiscite and its next steps over the coming
weeks.


On behalf of the Board of Directors,

John E. Watson, President and CEO