Mr. Jeffrey Pontius reports

CORVUS GOLD ANNOUNCES 2011 EXPLORATION UPDATE AT THE CHISNA PROJECT, ALASKA

Corvus Gold Inc. has provided an update from exploration activities completed to date at the Chisna project located in south-central Alaska. The company has been informed by its joint venture partner, Ocean Park Ventures Corp., that the results from 769 grab and chip samples from the Golden Range target have been received, with results as high as 79.8 g/t gold, and an overall average of 1.19 g/t gold with 114 samples returning greater than one g/t gold, and 22 samples returning greater than 10 g/t gold. In addition, 885 metres of diamond drilling have now been completed in five of 17 proposed phase one drill holes. These new results and the phase one drilling are from an eight-square-kilometre area which only represents a part of the overall Golden Range target area.

Golden Range target

The Golden Range target is a gold-in-soil and bedrock target with over nine kilometres of strike. Drilling, geological mapping and geochemical sampling continue at this target area, with several new drill targets being developed. Gold mineralization at the Golden Range target is hosted in sheeted, silicified and sulphide-bearing vein systems with thicknesses from tens of centimetres to over 20 metres. Mineralization is associated with a major structural system trending along a northwest to southeast axis, with numerous mineralized splays, secondary structures and fault-associated hydrothermal breccias.

Southwest Grubstake target

The Southwest Grubstake target area has produced a large number of high-grade samples from networks of quartz-galena-barite veins. Structural evaluation is still under way to identify the targets for drilling this area.

All of the foregoing information has been provided by Ocean Park, which is the operator of the joint venture on the Chisna project. Russell Myers (CPG 11433), a qualified person as defined by National Instrument 43-101, has reviewed and independently verified the Ocean Park information that forms the basis for this news release on behalf of Corvus and has approved the disclosure herein. Mr. Myers is not independent of the company, as he is the president and holds common shares and incentive stock options in Corvus.

About the Chisna project

The Chisna project is focused on a new and emerging Alaskan gold and copper-gold porphyry belt of deposits with copper and gold mineralization associated with mid-Cretaceous intrusions of similar age to the Pebble deposit to the west and Orange Hill deposit to the east.

Corvus and its predecessor-in-title, International Tower Hill Mines Ltd., began exploration on the project in 2006 and discovered the Grubstake porphyry copper system in 2007. Beginning in 2010, the Chisna project is being operated as a joint venture between Raven Gold Alaska Inc. (a subsidiary of Corvus) and Ocean Park Alaska Corp. (a subsidiary of Ocean Park Ventures), with Ocean Park earning 51 per cent by contributing $20-million (U.S.) in exploration expenditures over a five-year period, thereby providing Corvus with a no-cost assessment of this belt. Ocean Park may earn an additional 19 per cent by producing a bankable feasibility that delineates a mining project on the Chisna property that produces at least 300,000 gold-equivalent ounces per year.

At present, the Raven/Ocean Park joint venture controls over 232,000 acres of either State of Alaska mining claims or land leased from Ahtna Corporation.

We seek Safe Harbor.