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NVX.V ·

Nv GOLD Applies to Upgrade to the OTCQB

Listings & Exchange

580 Hornby Street, Suite 588

Vancouver, British Columbia, V6C 3B6

Tel: +1 888 363 9883

www.nvgoldcorp.com

NV GOLD APPLIES TO UPGRADE TO THE OTCQB

August 5, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX;

US: NVGLF) (“NV Gold” or the “Company”) is pleased to announce that the Company

intends to apply to upgrade from the OTC Pink to the OTCQB Venture Market.

The Company believes that the OTCQB Venture Market can provide efficient market

access to U.S. investors, helping Canadian companies such as NV Gold, with U.S. investors

with a goal t o build shareholder value through greater access to enhanced liquidity and

data.

Peter A. Ball, President & CEO of NV Gold commented, "We believe that an upgrade

from the Pinks to the OTCQB is the logical next step in our ongoing effort to increase NV

Gold's visibility with U.S. investors , and will help broaden our retail and institutional

shareholder base by facilitating easier access and platforms for the investors to acquire

shares. Our shares are already DTC eligible, so the upgrade should benefit our constantly

expanding U.S. shareholder base."

The OTCQB is an attractive marketplace for early stage and developing U.S. and

international companies. Participating companies must be current in the ir reporting and

undergo a verification and management certification process, which should assist investors

in vetting opportunities.

The law firm Clark Wilson LLP has agreed to act as the Company's OTC Markets Sponsor.

About NV Gold Corporation

NV Gold ( TSXV: NVX, US: NVGLF ) is a junior exploration company based in

Vancouver, British Columbia that is focused on delivering value through mineral

discoveries in North America, leveraging its highly experienced in -house technical

knowledge, and identifying and drilling 2 -3 priority projects per year. NV Gold controls

multiple drill-ready projects in Nevada, and has entered into an Option Agreement on the

high-grade Exodus Gold Project in British Columbia, Canada.

On behalf of the Board of Directors,

Peter A. Ball

President & CEO

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

contact:

Peter A. Ball, President & CEO

Phone: 1 -888-363-9883

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 information. All statements other than

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

proposed upgrade to the OTCQB and the benefits it might provide , are forward-looking statements that

involve various risks and uncertainties. There can be no assurance that such statements will prove 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 issues, market prices, availability of capital and financing, general economic,

market or business conditions, timeliness of govern ment or regulatory approvals and other risks detailed

herein and from time to time in the filings made by the Company with securities 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.