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File: Niogold - news release reShareholder Rights Plan - July 2011 (00087438).DOC

 


NIOGOLD ADOPTS SHAREHOLDER RIGHTS PLAN

Vancouver, BC, July 4, 2011 -  Niogold Mining Corporation (TSX-V: NOX) (the "Company") announces that it has adopted a
---> Shareholder Rights Plan (the "Plan"), similar to existing shareholder rights plans adopted by other Canadian public c
--->ompanies.

The Company's Board has approved the Plan to ensure, to the extent possible, that all shareholders of the Company are 
--->treated equally and fairly in connection with any take-over bid for the Company.  The Plan discourages discriminatory,
---> coercive or unfair take-overs of the Company and gives the Company's Board of Directors time if, in the circumstances
--->, the Board determines it is appropriate to take such time, to pursue alternatives to maximize shareholder value in th
--->e event an unsolicited take-over bid is made for all or a portion of the outstanding common shares of the Company (the
---> "Common Shares").

In order to implement the adoption of the Plan, the Board authorized the issuance of one right (a "Right") in respect 
--->of each Common Share outstanding at the close of business on July 4, 2011 (the "Record Time").  In addition, the Board
---> authorized the issuance of one Right in respect of each additional Common Share issued after the Record Time.  The Ri
--->ghts trade with and are represented by Common Share certificates including certificates issued prior to the Record Tim
--->e.  Until such time as the Rights separate from the Common Shares and become exercisable, Rights certificates will not
---> be distributed to shareholders.

If a person, or a group acting in concert, acquires (other than pursuant to an exemption available under the Plan) Ben
--->eficial Ownership (as defined in the Plan) of 20% or more of the Common Shares, Rights (other than those held by such 
--->acquiring person which will become void) will separate from the Common Shares and permit the holder thereof to purchas
--->e Common Shares at a 50% discount to their market price.  A person, or a group acting in concert, who is the Beneficia
--->l Owner (as defined in the Plan) of 20% or more of the outstanding Common Shares as of the Record Time is exempt from 
--->the dilutive effects of the Plan provided such person (or persons) does not increase its Beneficial Ownership by more 
--->than 1% (other than in accordance with the terms of the Plan).  At any time prior to the Rights becoming exercisable, 
--->the Board may waive the operation of the Plan with respect to certain events before they occur.

The issuance of the Rights is not dilutive until the Rights separate from the underlying Common Shares and become exer
--->cisable or until the exercise of the Rights.  The issuance of the Rights will not change the manner in which sharehold
--->ers currently trade their Common Shares.

The Plan is subject to the approval of the TSX Venture Exchange, and requires confirmation by the Company's shareholde
--->rs on or before January 4, 2012, being within six months of the Plan's effective date.  If the Plan is not confirmed b
--->y shareholders, the Plan and all outstanding Rights will terminate and be void and of no further force and effect.

The Plan is not being proposed in response to, or in contemplation of, any specific take-over bid for the Company.  Th
--->e Board did not adopt the Plan to prevent a take-over of the Company, to secure the continuance of management or the d
--->irectors in their respective offices or to deter fair offers for the Common Shares.

NioGold Mining Corporation - « On Canada's Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD.  The Company's flagship projects are loca
--->ted in the Cadillac - Malartic - Val-d'Or stretch of the prolific Abitibi gold mining district, Province of Quebec, Ca
--->nada.  The Cadillac, Malartic and Val-d'Or mining camps have produced over 45 million ounces of gold since the 1930's 
--->and presently encompasses seven producing gold mines and a major mine development project (Canadian Malartic, Osisko M
--->ining).  NioGold's land holdings within the Abitibi presently cover 125 km2 and encompass three former gold producers,
---> namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold.  
--->NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and a
--->round these deposits.

NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects to
--->wards the highest quality mineral resources.  NioGold invites you to visit the company website at www.niogold.com.  Fo
--->r information on NioGold Mining Corporation contact:

Michael A. Iverson, Chairman & CEO			Dale Paruk, Vice-President
miverson@niogold.com					dparuk@niogold.com
Tel: (604) 856-9887						Tel: (604) 662-4505
								Toll-free: (877) 642-6200	
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined the policies of the TSX
---> Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
FOWARD-LOOKING STATEMENTS
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements with
--->in, other than statements of historical fact, are to be considered forward looking. There can be no assurances that su
--->ch statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertai
--->nties.
CAUTIONARY NOTE TO U.S. INVESTORS
The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to 
--->disclose only those mineral deposits that a company can economically and legally extract or produce.  We use certain t
--->erms in this news release, such as ‘measured resources', ‘indicated resources'  and  ‘inferred resou
--->rces', which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the S
--->EC. U.S. investors are urged to consider closely the disclosure in our Form 20-F.  The news release contains informati
--->on about adjacent properties on which we have no right to explore or mine.  U.S. investors are cautioned that mineral 
--->deposits on adjacent properties may not be indicative of mineral deposits on our properties.