NV Gold Corporation Closes First Tranche of Private Placement

Vancouver, BC - NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) has closed the first tranche of its previously announced non-brokered private placement.

The company issued 1,000,000 units at a price of $0.20 per Unit, raising gross proceeds of $200,000. Each Unit consists of one common share and one non-transferable purchase warrant, exercisable at $0.30 per share for 24 months.

Proceeds will fund property payments, exploration, and development of Nevada-based properties, as well as cover general administrative expenses. The securities are subject to a statutory hold period and other restrictions under applicable laws.

John Watson, President and CEO, participated in the first tranche, increasing his total holdings to 19.45% on an undiluted basis.