NVX NV Gold Corporation

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


NV Gold Corporation (TSX VENTURE:NVX) (the "Company") is pleased to announce
that it has completed the second and final tranche of its non-brokered private
placement (the "Private Placement") of Units originally announced on February
11, 2011. The second tranche consisted of 3,333,334 units (the "Units") at
CDN$0.30 per Unit, for gross proceeds of CDN$1,000,000. Each Unit consists of
one common share of the Company and one-half of one non-transferable common
share purchase warrant. Each whole warrant entitles the holder to purchase one
additional common share of the Company at CDN$0.40 until November 9, 2012. 


The securities issued under the second tranche of the Private Placement are
subject to a four-month hold period expiring on September 10, 2011.


On behalf of the Board of Directors,

John E. Watson, President and CEO

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