Clarification: NV Gold Identifies Four Gold Targets Based on Positive Mercury Vapor Test Results at the SW Pipe Gold Project

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce it has identified four gold targets based on positive mercury vapor test results and potentially Carlin-type gold targets at its 100%-owned SW Pipe Gold Project in Lander County, Nevada (see Figure 1 & 2). ("SW Pipe or the "Property

About the SW Pipe Gold Project:

The SW Pipe Gold Project is in Lander County approximately 6 km (3.7 miles) southwest of the world-class Pipeline gold mine in the central Cortez gold belt of north-central Nevada. The Property, comprising 84 unpatented mining claims, is 100%-owned by NV Gold. Historical drilling established a near-surface, oxide-gold zone characterized by multiple intercepts of 15 m+ @ 0.5-1.0 g/t Au. The Company has recently finalized the analyses of an extensive mercury vapor survey on the Property.

Results (see Figure 2):

Modeling the results of 567 mercury vapor collector stations has identified four mercury vapor anomalies and target areas for a Carlin-type gold system on the Property (see Figure 2).
The "A-anomaly" confirmed mercury leakage along two interpreted faults and a dilation zone previously identified by mapping and an earlier conducted soil geochemistry survey (refer to October 26^th, 2022, press release).
The "B-anomaly" reflects the known near-surface, oxide gold mineralization, which was established through numerous historical drilling campaigns.
The "C- and D-anomalies" are new target zones which have never been drill-evaluated.

Patty Rehn of Quicksilver Systems stated, "Based on my experience and the mercury vapor surveys I have conducted throughout my scientific and professional career, I believe there is a high probability that these excellent mercury vapor survey results are an indication that there could be a covered high-grade mineralization".

Thomas Klein, VP Exploration stated, "I am excited to share the results of a recently completed mercury vapor survey at our SW Pipe Gold Project, which is just four miles from the world class Pipeline gold project along the Cortez gold belt in Lander County, Nevada. The Company has detected four outstanding mercury vapor anomalies with values up to 500 nanograms (see Figure 2).(Note: 500 nanograms are the upper limits of mercury vapor detection). I personally favor the A-anomaly being the most encouraging target since it confirms a previously established soil geochemistry target (refer to October 26^th, 2022, press release). I have worked extensively with Patty Rehn and experienced her talent on the Carlin Trend in the past and I am more than confident that her patented technique is the number one tool to identify and uncover concealed gold systems. NV Gold is planning to drill-test the mercury vapor A-anomaly (Magmatic Feeder Plume target) in Q1 of 2023"

NV Gold Corporation, Wednesday, December 14, 2022, Press release picture

Figure 1: NV Gold Landholding Map

Figure 2: SW Pipe Mercury Vapor Survey and resulting Mercury Anomalies

About NV Gold Corporation

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-organized and well-managed exploration company with ~80 million shares issued and no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2023 promises to be highly productive for NV Gold.

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

On behalf of the Board of Directors,

John Seaberg, Director, and CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

NV Gold Corporation at 1-888 363-9883

Neither the TSX Venture Exchange nor its Regulation Service 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 news release includes certain forward-looking statements or information. 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, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

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NV Gold Announces Exploration Target at its Slumber Gold Project of up to ~450,000 Gold Ounces

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to provide a technical update for the Company's 100%-owned Slumber Gold Project ("Slumber") located 80 kilometers (50 miles) northwest of Winnemucca, and 37 kilometers (23 miles) west of the Sleeper gold deposit, in Humboldt County, Nevada (see Figure 1). The technical update has identified an estimated exploration target (the "Exploration Target") of 150,000 - 450,000 ounces of gold (see Table 1

Table 1: Exploration Target potential grades and tonnages, with the potential tonnage and grade using a maximum and minimum of 20% increase/decrease to allow for uncertainty.

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NV Gold Corporation Announces Non-Brokered Private Placement

Not for dissemination in the United States or through U.S. newswires

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (" NV Gold " or the " Company ") is pleased to announce that it intends to undertake a non-brokered private placement (the " Private Placement ") for gross proceeds of up to $500,000 comprising of 8,333,333 units (each, a " Unit ") at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (a " Common Share ") and one-half of one common share purchase warrant (a " Warrant "). Each whole Warrant will be exercisable into one Common Share at a price of $0.12 per Warrant for a period of two years from the date of issuance, subject to an acceleration provision should the Company's Common Shares have a closing price of $0.30 per Common Share for a period of 10 consecutive trading days

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NV Gold Announces the Approval of the Notice of Intent for its Drill Program on the SW Pipe Project in Nevada

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that it has received the approval of the Notice of Intent ("NOI") for the Company's SW Pipe Gold Project in Lander County, Nevada ("SW Pipe

The U.S. Department of the Interior's Bureau of Land Management ("BLM") has reviewed the NOI and determined it is complete, containing all the information required by the surface management regulations at 43 CFR 3809.30. The BLM has reviewed the proposed operation and determined that it is adequate to proceed.

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NV Gold Corporation Outlines Its Planned 2023 Drill Priorities and Exploration Activities

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to provide an exploration activity update for 2023, outlining its highest drill priorities and early-stage project evaluation. Of the Company's seven active projects in Nevada, NV Gold intends to prioritize three projects: (1) SW Pipe Gold Project ("SW Pipe"); (2) Slumber Gold Project ("Slumber"); and (3) Triple T Gold Project ("Triple T"), subject to capital availability. In addition, the Company plans an intensive "boots on the ground" exploration campaign to evaluate over 30 new potentially prospective areas generated through its Data Library Project, a collaborative exercise conducted with GoldSpot Discoveries Corp. ("GoldSpot"), and recent land acquisitions, such as the Gold Bell and Teton projects in the Bell Mining District in Nevada

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Red Pine Announces Upsize of Previously Announced Private Placement to C$6.8 Million

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

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (" Red Pine " or the " Company ") is pleased to announce that it has entered into an amendment agreement with Haywood Securities Inc. (" Haywood "), as co-lead agent and sole bookrunner, on behalf of 3L Capital Inc. (" 3L Capital " and together with Haywood, the " Co-Lead Agents "), as co-lead agent, and a syndicate of agents (together with the Co-Lead Agents, the " Agents ") in connection with a private placement on a "best efforts" agency basis, to increase the size of the previously announced private placement to gross proceeds of up to $6,800,000 (the " Upsized Offering ").

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Red Pine Announces C$6.3 Million Private Placement of Units, Tranche 1 Flow-Through Units, and Tranche 2 Flow-Through Units

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

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (" Red Pine " or the " Company ") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (" Haywood "), as co-lead agent and sole bookrunner, on behalf of 3L Capital Inc. (" 3L Capital " and together with Haywood, the " Co-Lead Agents "), as co-lead agent, and a syndicate of agents (together with the Co-Lead Agents, the " Agents ") in connection with a private placement on a "best efforts" agency basis, for gross proceeds of up to $6,300,000 (the " Offering ").

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FREEGOLD ANNOUNCES CLOSING OF $16.5 MILLION BROKERED PRIVATE PLACEMENT FINANCING

Freegold Ventures Limited (TSX: FVL) (" Freegold " or the " Company "), is pleased to announce that further to its news release of March 10, 2023 the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $16,524,000 which included the partial exercise of the over-allotment option (the " Offering "). Paradigm Capital acted as sole agent (the " Agent ") on the Offering.

In connection with the Offering, the Company entered into an agency agreement (the " Agency Agreement ") dated March 30, 2023 , between the Company and the Agent. In accordance with the Agency Agreement, 41,310,000 units of the Company (the " Units ") were issued at a price of $0.40 per Unit. Each Unit is comprised of one common share of the Company (a " Unit Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant is exercisable to acquire one common share of the Company (a " Warrant Share ") for 24 months from today's date at an exercise price of $0.52 per Warrant Share.

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DDH #	From	To	Length	Au-Best	*Sample
	(m)	(m)	(m)	(g/t)	rock
WB22-114	0.00	6.00	6.00	3.05	Entire Hole
incl.	0.00	1.50	1.50	12.03	QV+RHY
incl.	0.00	0.45	0.45	25.20	QV
WB22-115	0.00	6.00	6.00	0.36	Entire Hole
incl.	0.50	3.95	3.45	0.50	QV
and	5.60	6.00	0.40	0.93	QV
WB22-116	0.00	9.00	9.00	0.50	Entire Hole
incl.	0.40	5.15	4.75	0.92	RHY+QV
incl.	1.40	5.15	3.75	1.06	RHY
incl.	4.40	5.15	0.75	3.74	QV
WB22-117	0.00	18.00	18.00	0.69	Entire Hole
incl.	0.00	10.00	10.00	1.23	RHY+QV
incl.	0.00	2.70	2.70	4.26	QV
	0.00	0.90	0.90	7.99	QV
WB22-118	0.00	18.00	18.00	1.40	Entire Hole
incl.	0.00	10.00	10.00	2.52	QV
incl.	0.00	3.25	3.25	6.60	QV
incl.	0.00	1.90	1.90	10.40	QV
incl.	0.00	0.90	0.90	19.65	QV
WB22-119	0.00	9.00	9.00	0.36	Entire Hole
incl.	1.00	4.80	3.80	0.81	RHY+QV
incl.	1.00	1.85	0.85	1.59	QV

DDH	East UTM	North UTM	Azimuth	Dip	length	Core size
	Nad83 z19	Nad83 z19	(N)	(- )	(m)
WB22-114	660 263	5 259 312	360	90	6.00	HQ
WB22-115	660 271	5 259 304	360	90	6.00	HQ
WB22-116	660 275	5 259 305	350	80	9.00	HQ
WB22-117	660 279	5 259 306	350	70	18.00	HQ
WB22-118	660 281	5 259 307	360	90	18.00	HQ
WB22-119	660 268	5 259 314	360	90	9.00	HQ
WB22-120	660 271	5 259 348	360	90	18.00	HQ
WB22-121	660 279	5 259 348	360	90	18.00	HQ
Total:					102.00

Clarification: NV Gold Identifies Four Gold Targets Based on Positive Mercury Vapor Test Results at the SW Pipe Gold Project

Overview

Company Highlights

Key Projects

Sandy Gold Project

Pickhandle Gold Project

Triple T Gold Property

Slumber Gold Project

Discovery Bay

Management Team

John Watson - Chairman

John Seaberg - CEO

Thomas Klein - Vice-president Exploration

Ron Schmitz - CFO

C. Bruce Scott - Corporate Secretary and General Counsel

Alfred “Alf” Stewart - Director

Howard Golden - Director

John R. Kerr - Director

Dr. Quinton Hennigh - Advisor

About NV Gold Corporation

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