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NVX.V ·

NV Gold Applying to Reprice and Extend Term of Warrants

Share Capital & Compensation

580 Hornby Street, Suite 588

Vancouver, British Columbia, V6C 3B6

Tel: +1 888 363 9883

www.nvgoldcorp.com

NV Gold Applying to Reprice and Extend Term of Warrants

February 08 , 201 9 - Vancouver, British Columbia – NV Gold Corporation (TSX.V:

NVX; OTC Pink: NVGLF) (“NV Gold” or the “Company”) announces that it is making

an application to the TSX Venture Exchange (the " Exchange") to extend the term of

2,155,000 warrants issued in a Unit Private Placement which completed on February 27,

2017. Each Unit consisted of one common share and one half of one warrant. The warrants

had a term of t wo years with an expiry date of February 27 , 2019. One full warrant is

exercisable to acquire one common share at $0.30 per share. The Company is applying to

extend the term of the warrants by 3 months to ex pire May 27, 2019 and to reduce the

exercise price of the warrants to $0.25. The application is subject to Exchange approval.

About NV Gold Corporation

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

focused on delivering value through mineral discoveries. Leveraging its highly

experienced in-house technical knowledge, NV Gold’s geological team intends to utilize

its geological da tabases, which contains a vast treasury of field knowledge spanning

decades of research and exploration, combined with a portfolio of mineral properties in

Nevada, to prioritize key projects for focused exploration programs.

On behalf of the Board of Directors,

John E. Watson

Chairman and CEO

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

contact:

Peter A. Ball, President & COO

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 are forward -looking statements that involve

various risks and uncertainties. The expectation of c reating shareholder value from NVX’s efforts as

owner of the Properties and the Database s 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 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 Comp any’s plans or expectations

include market prices, availability of capital and financing, general economic, market or business

conditions, regulatory changes, timeliness of government 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.