Mr. John Watson reports

JOHN E. WATSON ACQUIRES UNITS OF NV GOLD CORPORATION

John E. Watson has acquired ownership and control of 7,679,000 units of NV Gold Corp.

Each unit consists of one common share of NV Gold and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of NV Gold at 10 cents until Oct. 3, 2015. The 7,679,000 common shares forming part of the units represent 19.9 per cent of the outstanding shares of NV Gold.

The units were issued upon the automatic conversion of the 7,679,000 special warrants issued to Mr. Watson on April 3, 2014. The special warrants were automatically converted into units for no additional consideration upon receipt of TSX Venture Exchange acceptance of the agreement (defined herein).

The unit shares, together with the 3,893,500 warrant shares, if issued, would represent 27.2 per cent of the outstanding shares of NV Gold (assuming only the warrants of the offeror were exercised).

Mr. Watson, the president and chief executive officer of NV Gold, now owns and controls 18,102,670 common shares of NV Gold, common share purchase warrants entitling him to purchase 5.95 million common shares of NV Gold and stock options to purchase an additional 175,000 common shares of NV Gold. The NV Gold common shares held by Mr. Watson represent approximately 47 per cent of the outstanding shares of NV Gold, and, if Mr. Watson exercised all share purchase warrants held by him and his options, he would hold approximately 54.2 per cent of the outstanding shares of NV Gold (assuming only the share purchase warrants and the options of Mr. Watson were exercised). Mr. Watson is not acting jointly or in concert with any person.

The units were issued in a private transaction and are subject to a hold period expiring on Aug. 4, 2014.

The sale of the special warrants was made in conjunction with the entry into the option agreement among NV Gold and its subsidiary and Evolving Gold Corp. and one of its subsidiaries, under which NV Gold has been granted an option to acquire a 100-per-cent interest in the Rattlesnake Hills project in Wyoming. Mr. Watson acquired the special warrants to assist with financing NV Gold's initial expenditures under the agreement. Mr. Watson proposes to acquire a further one million units of NV Gold at 10 cents per unit, each unit consisting of one share of NV Gold and one-half of one common share purchase warrant of NV Gold pursuant to the unit private placement of NV Gold announced on April 3, 2014, but does not presently intend to make further investments in NV Gold. However, Mr. Watson may exercise any of the share purchase warrants or options held by him at his discretion and may decide to increase his ownership of the common shares of NV Gold in the future.

A copy of the related early warning report filed with the B.C. and Alberta securities commissions may be obtained from the SEDAR website or by contacting Ron Schmitz of NV Gold at 604-685-7450.