NVX NV Gold Corporation

NV Gold Corporation (TSX VENTURE:NVX) (the "Company" or "NVX") announces today
that it has completed the field portion of its 2011 Surselva gold exploration
program in Canton Graubunden, southeastern Switzerland. Primary exploration
focus was on the Medel permit area, covering approximately 129 square
kilometers. The Company agreed terms for the acquisition of the Medel permit in
August, 2011, and the Company initiated field activities in September.  


Exploration activities in Switzerland were conducted by SwissGold Exploration
AG, a wholly-owned subsidiary of NVX. The first field visit to the property by
John E. Watson, CEO, Quinton Hennigh, and Odin Christensen, all directors of
NVX, was in July, at which time a preliminary exploration program was outlined.
The SwissGold Exploration team of Swiss, Canadian and United States geologists
and field staff, coordinated by Odin Christensen, completed a program of
geological reconnaissance and geochemical sampling in September and October.
Exploration activities were conducted on and adjacent to the Medel permit area.


Company geologists were exploring a number of gold occurrences in the
crystalline basement rocks of the Tavetsch and Gotthard massifs. Historic work
and current exploration have defined an area of particular interest, measuring
about 2 kilometers square, within Val Plattas. The Val Plattas prospect area
lies within a larger east-west zone of gold occurrences extending at least 7
kilometers.  


The field teams used a NITON field-portable x-ray fluorescence analyzer for
rapid determination of 33 chemical elements. The trace concentrations of each
element or combinations of elements were interpreted to assess the bedrock
character, its geological history and mineral potential. 


A total of 309 rock samples were collected, both on the Medel permit area and
adjacent ground. Additionally, a soil geochemical program was completed, with
soil samples collected at 50-meter spacings on 11 sample lines for a total of
279 samples testing 13.4 line kilometers. All rock and soil samples have been
submitted to ALS Scandinavia AB in Pitea, Sweden, for sample preparation and
analysis. Analytical work remains incomplete at this date. The Company expects
to release sampling results in February, 2012. 


Company technical personnel are currently compiling historical exploration
information and results from the 2011 field program into a Geographical
Information System for critical interpretation. NVX anticipates an aggressive
exploration program on the Surselva project in 2012, likely to include
continuing geological reconnaissance, geochemical surveys and diamond core
drilling.  


A National Instrument 43-101 Technical Report on the Surselva project is
currently being prepared by Mine Development Associates, "MDA" of Reno, Nevada.
Michael Gustin of MDA, an independent Qualified Person under NI 43-101, visited
the property in September, reviewed the program, and has approved the
information disclosed in this release. 


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.

Forward Looking Statements 

This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements regarding the geological
potential of the properties and other future plans and objectives of the Company
are forward-looking statements that 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 business conditions, timeliness of government or regulatory approvals and
other risks detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.

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