Mr. Jeffrey Pontius reports

CORVUS GOLD CLOSES $4.5M FINANCING WITH STRATEGIC INVESTOR TO ADVANCE ITS MOTHER LODE PROJECT THROUGH 2019

Corvus Gold Inc. has completed a $4,500,002 private placement. Pursuant to the private placement, the company issued 1,730,770 common shares at a price of $2.60 to a key strategic shareholder. No warrants were issued. Proceeds of the financing will finance the planned phase 3 30,000-metre exploration drill program at the Mother Lode project through 2018/2019.

Jeff Pontius, president and chief executive officer of Corvus, said: "We are pleased to have secured the financing for our phase 3 Mother Lode exploration program with a strategic investor. The company appreciates the confidence this investment shows in Corvus Gold's ability to advance the large new Nevada, North Bullfrog and Mother Lode gold projects. Our shareholders can look forward to continued news flow on our progress of the Mother Lode project, including a maiden resource expected in Q3 and a combined North Bullfrog/Mother Lode preliminary economic assessment expected in Q4."

The common shares issued in the private placement are subject to a minimum six-month hold period unless otherwise registered under applicable securities laws. The Toronto Stock Exchange has granted conditional approval to the issuance of the Corvus common shares under the private placement.

About the North Bullfrog and Mother Lode projects, Nevada

Corvus controls 100 per cent of its North Bullfrog project, which covers approximately 72 square kilometres in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 865 federal unpatented mining claims. The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The company also controls 194 federal unpatented mining claims on the Mother Lode project, which totals 1,597 hectares, of which the company owns 100 per cent.

About Corvus Gold Inc.

Corvus Gold is a North American gold exploration and development company focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode districts in Nevada. In addition, the company controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects.

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