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NVX.V ·

NV Gold Appoints Project Manager and Technical Committee Advisor for the Exodus Gold Project

Management Changes

580 Hornby Street, Suite 588

Vancouver, British Columbia, V6C 3B6

Tel: +1 888 363 9883

www.nvgoldcorp.com

NV Gold Appoints Project Manager and

Technical Committee Advisor for the Exodus Gold Project

July 23, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;

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

Mr. Max Keogh, P.Geo as Project Manager of the Exodus Gold Project (“Exodus”), and

the addition of Mr. James Maxwell, P.Geo as a member of the newly established technical

committee assembled for the advancement of the Exodus Gold Project. Mr. Maxwell will

join the Company’s existing technical team consisting of Dr. Quinton Hennigh, Dr. Odin

Christensen, John Watson and Alf Stewart , and will assist in the evaluation and

advancement of the newly optioned high-grade gold project. The Exodus Gold Project is

easily accessed year-round by road , is within 10 km of rail and power, and located

approximately 40km north of the city of Prince George, British Columbia.

“We are extremely pleased to welcome Max and James to NV Gold ’s technical team

to assist in accelerating our exploration efforts at the Exodus Gold Project , as they

both bring extensive knowledge of the project over the past 3 years as part of the team

of co-founders of Exodus Mineral Exploration Ltd., which optioned the Exodus project

to NV Gold ,” commented Peter A. Ball, President & CEO. “Building a strong

relationship with the original property owners is key to ensure the accelerated and

continued advancement of the pr oject, and also ensures we maintain the key

intelligence and significant knowledge -base available on the project. I look forward

to working with both Max and James as we advance the project, and tapping into their

extensive understanding of this exciting new gold discovery, and in addition expanding

on their strong relationships in the community , including First Nations, permitting,

and local geology .”

Mr. Maxwell, P. Geo is a professional geoscientist with over 20 years of experience, with

a direct strength in the exploration and development of orogenic gold discoveries. He has

made considerable contributions to the discovery teams in Nunavut and Ontario for a total

of 5 major gold discoveries , including many of the deposits comprising the Back River

Gold Project. Mr. Maxwell is the Director of Exploration at Sabina Gold & Silver Corp.

where he has helped grow a >5 Million Oz gold resource. He is a co -award winner of the

Northwestern Ontario Prospectors Association Discovery of the Year Award, a long

standing member of the PDAC Health & Safety Committee, and was a recent speaker for

the 2019 Newgen Gold Conference held in Perth, Australia.

Mr. Keogh, P. Geo is Qualified Person (“QP”) with close to 15 years of hands on technical

experience managing and advancing mineral discoveries and advanced projects. Mr.

Keogh has worked with major mining companies such as Xstrata and Glencore, assisting

at all levels of exploration acro ss Canada, and brings extensive experience in managing

diamond drilling projects, and implementing all aspects of technical field operations , to

accelerate the advancement of gold and copper mineral exploration and mining projects.

Mr. Keogh is a registered Professional Geologist in the Province of British Columbia,

Ontario and Quebec, Canada.

Please refer to the press release dated July 6, 2020 , which highlights detailed information

on the high-grade Exodus Gold Project and the terms of its option to acquire up to an 85%

interest in the project. The link to the property page on the Company’s website is located

at www.nvgoldcorp.com/properties/british-columbia/exodus-gold-project/ and also

includes detail on the Option Agreement Terms.

Please visit the Company’s Media section f or the most recent interviews with NV Gold’s

CEO at the following link: www.nvgoldcorp.com/investors/media/.

COVID-19 Response

During the Covid -19 pandemic , NV Gold is committed to advancing exploration in a

socially responsible manner, respecting good health and safety guidelines to protect its own

employees, consultants, and contractors as well as the citizens of the communities in which

it is working. NV G old would like to thank all its stakeholders for their patience and

support.

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, l everaging 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 a high-grade gold

near-drill ready 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 & C EO

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, the plans to

complete exploration or development of the Project and add additional technical personnel and other

future plans and objectives of the Company, 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 government or regulatory approvals and other risks

detailed herein and from time to time in the filings made by th e 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 securit ies legislation.