Mr. Eric Sprott, investor, reports

ERIC SPROTT ANNOUNCES HOLDINGS IN NV GOLD CORPORATION

A total of 446,429 common share purchase warrants of NV Gold Corp. (held by 2176423 Ontario Ltd., a corporation that Eric Sprott beneficially owns) have expired unexercised, representing a decrease in holdings of approximately 2.2 per cent of the outstanding common shares on a partially diluted basis since the last early warning report. Prior to the expiry of these warrants, Mr. Sprott beneficially owned and controlled 5,256,430 common shares and 663,929 warrants, representing approximately 11.3 per cent of the outstanding common shares on a non-diluted basis and approximately 12.6 per cent on a partially diluted basis, assuming the exercise of all warrants.

As a result of the warrant expiry, Mr. Sprott now beneficially owns and controls 5,256,430 common shares and 217,500 warrants, representing approximately 11.3 per cent of the outstanding common shares on a non-diluted basis and approximately 11.7 per cent on a partially diluted basis, assuming the exercise of all warrants.

The expiry of warrants resulted in a partially diluted beneficial ownership change of greater than 2 per cent and, therefore, the filing of an update to the early warning report.

The securities noted above are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future, depending on market conditions, reformulation of plans and/or other relevant factors.

NV Gold is located at 588-580 Hornby St., Vancouver, B.C., V6C 3B6. A copy of the early warning report with respect to the foregoing will appear under the company's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294.