Received by email:

File: NR re Early Warning Report - Watson SW Conversion v1 cbs.doc

NEWS RELEASE 
FOR IMMEDIATE RELEASE
 April 22, 2014 
 
 
JOHN E. WATSON ACQUIRES UNITS  OF NV GOLD CORPORATION
VANCOUVER, B.C., April 22, 2014 - John E. Watson announced that he has acquired ownership and control of 7,679,000 uni
--->ts (the "Units") of NV Gold Corporation ("NVX").  

Each Unit consists of one common share of NVX and one-half of one transferable common share purchase warrant (a "Warra
--->nt"). Each Warrant will entitle the holder to purchase one additional common share of NVX (a "Warrant Share") at $0.10
---> until October 3, 2015.  The 7,679,000 common shares forming part of the Units (the "Unit Shares") represent 19.9% of 
--->the outstanding shares of NVX. 

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 T
--->SX Venture Exchange acceptance of the Agreement (defined below).

The Unit Shares together with the 3,893,500 Warrant Shares, if issued, would represent 27.2% of the outstanding shares
---> of NVX (assuming only the Warrants of the Offeror were exercised).

Mr. Watson, the President and Chief Executive Officer of NVX, now owns and controls 18,102,670 common shares of NVX, c
--->ommon share purchase warrants entitling him to purchase 5,950,000 common shares of NVX and stock options to purchase a
--->n additional 175,000 common shares of NVX.  The NVX common shares held by Mr. Watson represent approximately 47% of th
--->e outstanding shares of NVX and, if Mr. Watson exercised all share purchase warrants held by him and his options, he w
--->ould hold approximately 54.2% of the outstanding shares of NVX (assuming only the share purchase warrants and the opti
--->ons 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 August 4, 2014.  

The sale of the Special Warrants was made in conjunction with the entry into the option agreement (the "Agreement") am
--->ong NVX and its subsidiary and Evolving Gold Corp. and one of its subsidiaries, under which NVX has been granted an op
--->tion to acquire a 100% interest in the Rattlesnake Hills Project in Wyoming.  Mr. Watson acquired the Special Warrants
---> to assist with funding NVX's initial expenditures under the Agreement.  Mr. Watson proposes to acquire a further 1,00
--->0,000 units of NVX at $0.10 per unit, each unit consisting of one share of NVX and one-half of one common share purcha
--->se warrant of NVX pursuant to the unit private placement of NVX announced on April 3, 2014 but does not presently inte
--->nd to make further investments in NVX.  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 NVX in the future.

A copy of the related early warning report filed with the British Columbia and Alberta Securities Commissions may be o
--->btained from the SEDAR website (www.sedar.com) or by contacting Ron Schmitz of NVX at (604) 685-7450.

"John E. Watson"

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this pres
--->s release.