Not for distribution to US News Wire Services or for broadcast in the United States ”NV Gold Corporation is pleased to report that the Company has arranged for a broker-less private placement of units of the Company for gross proceeds of 3,000 000 CAN $ to 0.25 CAN $ per Unit. Each unit will consist of one share and one warrant exercisable at CAN $ 0.40 per share for 36 months from the issuance of the units. …

“Do not distribute to US News Wire Services or broadcast in the United States”

NV Gold Corporation (TSXV: NVX) (OTCQB: NVGLF) (“NV Gold” or the “Company”) is pleased to announce that the Company has arranged subscriptions for a non-brokered private placement of units of the Company for a product gross of CDN $ 3,000,000 (the “Placement

“I would like to salute the large strategic orders from new European and North American investors, as well as the continued and strong support from our existing investors, including Crescat Capital. With an ongoing commodities supercycle, including positive sentiment in the gold sector, NV Gold is extremely well positioned to participate with a very busy year of exploration expected in Nevada in 2021. We appreciate the patience of our long-term shareholders. term that support us in our focused exploration strategy to make the next big gold discovery in Nevada ”, commented Peter A. Ball, President and CEO of NV Gold.

The organized placement consists of up to 12,000,000 units (the “Units“) At C $ 0.25 per unit. Each unit will consist of one share and one warrant that can be exercised at a price of CAN $ 0.40 per share for 36 months from the issuance of the units. Closing of the offering is conditional upon acceptance by the TSX Venture Exchange. The proceeds of the Placement will be used by the Company for the promotion of existing properties, the potential acquisition of new properties and for general working capital. In order to minimize dilution, the placement will not exceed C $ 3 million.

NV Gold President and CEO added: “The combination of our recent US $ 10 million exploration option agreement with Hochschild Mining (US) Inc. on our SW Pipe gold project, our follow-up exploration programs at our Sandy and Slumber gold projects once that all tests have been received and modeled, and key potential accretive acquisitions of new drill-ready gold projects currently under review provide opportunities for a new discovery in Nevada. More, wWe continue to review other projects within our large Nevada gold portfolio with strategic groups for additional option agreements. With strong cash flow, a robust gold market, 100% ownership of a large portfolio of gold properties in Nevada, a new strategic partner, a globally recognized technical team, a targeted high impact exploration plan for 2021 and solidarity shareholders, I could not be more enthusiastic about the coming year. ”

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws, and may not be offered or sold. in the United States or to United States nationals unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

About NV Gold Corporation

NV Gold (TSXV: NVX) (OTCQB: NVGLF) is a well-funded Vancouver, BC-based exploration company focused on creating value through mineral discoveries in Nevada, USA, leveraging its highly experienced in-house technical knowledge .

On behalf of the Board of Directors,

Peter A. Ball
President and CEO

For more information, visit the company’s website at or contact:

Peter A. Ball, President and CEO
Phone: 1-888-363-9883
Email: [email protected]

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

Forward-looking statements

This press release contains certain forward-looking statements or information. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the Company’s planned exploration activities and the potential for a discovery on its properties are forward-looking statements. which involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or financial conditions. business, the timeliness of government or regulatory approvals, the extent to which mineralized structures extend to the Company’s projects and other risks detailed herein and from time to time in documents filed by the Company with regulatory authorities securities. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise provided by applicable securities legislation.

SOURCE: NV Gold Corporation

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