Nv GOLD Announces Private Placement of up to CDN$800,000

NV GOLD CORPORATION

Suite 810 - 609 Granville Street

PO Box 10356 Pacific Centre

Vancouver, BC V7Y1G5

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN

THE U.S.

February 16, 2017 Trading Symbol: NVX

NV GOLD ANNOUNCES PRIVATE PLACEMENT OF UP TO CDN$800,000

Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX) (the “Company”) announced

today a non-brokered private placement of units of the Company for gross proceeds of up to

CDN$800,000 (the “Placement”).

The Placement is an offering of up to 4,000,000 units (the “Units ”) at CDN$0.20 per Unit. Each Unit

consists of one Share and one-half of one Warrant exercisable at CDN$0.30 per share for two years from

issue of the Units.

Closing of the Placement is conditional on acceptance of the TSX Venture Exchange . The proceeds of

the Placement will be used by the Company for the acquisition and advancement of new properties and

existing properties of the Company and for general working capital.

About NV Gold Corporation

NV Gold is junior exploration company based in Vancouver, British Columbia that is focused on

delivering value through mineral discoveries utilizing the prospector generator model. Leveraging its

highly experienced in -house technical knowledge, NV Gold’s g eological team intends to use its

geological database, which contains a vast treasury of field knowledge spanning decades of research and

exploration, combined with a portfolio of mineral properties in Nevada, to create opportunities for lease

or joint venture. NV Gold plans to aggressively acquire additional land positions for the growth of its

business.

On behalf of the Board of Directors,

(sgd.) "John E. Watson"

President and CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:

John E. Watson,

Phone: 303.674.9400

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain forward -looking statements or inform ation. All statements other than statements

of historical fact included in this release, including, without limitation, statements regarding the proposed raising of

CDN$800,000 and the proposed uses of such funds , the potential to create opportunities for lease or joint venture

and other future plans and objectives of the Company, including exploration plans, are forward -looking statements

that involve various risks and uncertainties. There can be no assurance that such statements will pr ove to be accurate

and actual results and future events could differ materially from those anticipated in such statements. Important

factors that could cause actual results to differ materially from the Company's plans or expectations include

regulatory is sues, market prices, availability of capital and financing, general economic, market or business

conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in

the filings made by the Company with secu rities regulators. The Company disclaims any intention or obligation to

update or revise any forward -looking statements whether as a result of new information, future events or otherwise

except as otherwise required by applicable securities legislation.