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File: NR re Early Warning Report - Watson v1 cbs Jul 25 2014.doc

NEWS RELEASE 
FOR IMMEDIATE RELEASE
 July 25, 2014 
 
 JOHN E. WATSON ACQUIRES UNITS  OF NV GOLD CORPORATION
VANCOUVER, B.C., July 25, 2014 - John E. Watson announced that he has acquired ownership and control of 666,666 units 
--->(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 entitles the holder to purchase one additional common share of NVX (a "Warrant Share") at $0.25 unt
--->il January 24, 2016.  The 666,666 common shares forming part of the Units (the "Unit Shares") represent 1.4% of the ou
--->tstanding shares of NVX. The Unit Shares together with the 333,333 Warrant Shares, if issued, would represent 2.1% of 
--->the outstanding shares of NVX (assuming only the Warrants acquired by Mr. Watson were exercised).

Mr. Watson, the President and Chief Executive Officer of NVX, now owns and controls 19,769,336 common shares of NVX, c
--->ommon share purchase warrants entitling him to purchase 6,783,333 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 41.2% of 
--->the outstanding shares of NVX and, if Mr. Watson exercised all share purchase warrants held by him and his options, he
---> would hold approximately 48.7% of the outstanding shares of NVX (assuming only the share purchase warrants and the op
--->tions 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 November 25, 2014.  

Mr. Watson acquired the Units to assist with funding an exploration program on the Rattlesnake Hills Project in Wyomin
--->g and for general working capital.  Mr. Watson does not presently intend 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.