NV Gold Corporation Announces The Appointment Of John Seaberg As Chief Executive Officer

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that, further to the Company's press release on February 13, 2024, it is proceeding with a consolidation of the issued and outstanding common shares of the Company (the "Shares") on the basis of (1) post-consolidated Share for every ten (10) pre-consolidated Shares (the "Consolidation"). No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 67090W307 and the new ISIN number will be CA67090W3075. The Company's name and stock symbol will remain unchanged following the Consolidation

The Consolidation will be effective at the opening of markets on February 28, 2024. As a result of the Consolidation, the 88,745,454 Shares which are currently issued and outstanding will be reduced to approximately 8,874,545 Shares, subject to rounding. The Consolidation is subject to final confirmation by the TSX Venture Exchange.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that it intends to consolidate of all of the issued and outstanding common shares of the Company (the "Shares") on the basis of one (1) post-consolidated Share for every ten (10) pre-consolidated Shares held (the "Consolidation"), subject to approval of the TSX Venture Exchange (the "Exchange

The effective date of the Consolidation will be announced in a separate news release once the Company receives approval from the Exchange. As a result of the Consolidation, it is expected that the 88,745,454 Shares which are currently issued and outstanding will be reduced to approximately 8,874,545 Shares, subject to rounding. No fractional Shares will be issued as a result of the Consolidation. Any fractional share interest of 0.5 or higher arising from the Consolidation will be rounded up to one whole Share, and any fractional share interest of less than 0.5 will be cancelled. The Company's name and stock symbols will remain unchanged following the Consolidation.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to report assay results from the recently completed Rock Chip Sampling Program carried out at its 100%-owned Triple T Gold Project located in the Humboldt Range, Nevada. The Project is situated 7 kilometers east of the Rochester silver-gold operation and 42 kilometers southeast of the Florida Canyon Gold Mine (see Figure 1

During August of 2023 the Company conducted a mapping and rock chip sampling program to extend the known near-surface, oxide gold mineralization of the northern portion of its Triple T property (refer to press release from August 21^st, 2023). Twenty-seven rock chip samples were taken of which 24 returned gold values in the anomalous to high-grade range with 5 samples between 2.71 g/t Au and 9.63 g/t Au (see Figure 3 & 4). These samples will help to extend the potential target area by a kilometer to the north of the recently drilled area, and a "New Zone" with gold values over 2 g/t has been identified southwest of it. NV Gold is planning to follow up on these encouraging gold values of up to 9.63 g/t Au (0.34 opt Au) and will further evaluate the gold mineralization of the New Zone. Future goals are to re-evaluate the full gold mineralization potential of this district-scale shear-zone-corridor, which includes the re-evaluation of the historical targets in the south (see Figure 2). An IP (Induced Polarization) geophysical survey is also planned to reveal potentially larger erosion-protected targets to the east.

NV Gold Corp (TSXV: NVX) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on September 6th, 2023 at 2:00 PM ET.

We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud.