Mr. John Seaberg reports

NV GOLD COMMENCES PHASE ONE DRILL PROGRAM AT SW PIPE GOLD PROJECT

NV Gold Corp. has commenced the phase one reverse circulation (RC) drilling program at the company's 100-per-cent-owned SW Pipe gold project located in Lander county, approximately six kilometres (3.7 miles) southwest of the Pipeline gold mine in the central Cortez gold belt of north-central Nevada. During this first phase of drilling, a total of 700 to 800 metres will be drilled by Nevada-based Envirotech Drilling LLC and is expected to take approximately eight to 16 days to complete.

Drilling will be following up on results from the geochemical study carried out in 2022, which identified a large and comprehensive zone of overlapping Carlin-type anomalies including gold, arsenic, antimony, mercury, thallium and selenium.

Vice-president of exploration Thomas Klein commented: "I am excited to see the start of drilling at SW Pipe. Based on the work carried out in 2022, this first phase of drilling has the potential to identify a Carlin-type gold discovery at SW Pipe."

About NV Gold Corp.

NV Gold is a well-organized exploration company with about 80 million shares issued and no debt. NV Gold has 21 exploration projects in Nevada comprising 639 100-per-cent-company-owned lode mining claims totalling 53.4 square kilometres (20.6 square miles). The company is based in Vancouver, B.C., and Reno, Nev., and is focused on delivering value through mineral discoveries in Nevada. Leveraging its expansive property portfolio, its highly experienced in-house technical team and its extensive geological data library, 2023 promises to be highly productive for NV Gold.

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