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NVX.V ·

NV Gold Appoints Thomas Klein as Manager Exploration - Nevada

Management Changes

580 Hornby Street, Suite 588

Vancouver, British Columbia, V6C 3B6

Tel: +1 888 363 9883

www.nvgoldcorp.com

NV Gold Appoints Thomas Klein as Manager Exploration - Nevada

October 29, 20 20 - Vancouver, British Columbia – NV Gold Corporation (TSX.V:

NVX; OTCQB: NVGLF) (“NV Gold” or the “Company”) is pleased to announce the

appointment of Mr. Thomas Klein as Manager Exploration - Nevada. Mr. Klein

recently held the position of senior consulting geologist at Newmont Corporation since

2012 in Nevada , and will now join the Company’s existing Nevada technical team

consisting of NV Gold D irectors Dr. Quinton Hennigh, Dr. Odin Christensen, and

Chairman John Watson .

“We are extremely pleased to attract the technical calibre of Mr. Klein from Newmont

to assist NV Gold advance its portfolio of drill ready projects in Nevada. More

specifically, with our Slumber Gold Project recently permitted and about to be drill

tested for a potential robust high -grade gold system at depth, Mr. Klein’s significant

experience in gold exploration in Nevada will play a key role ,” commented Peter A.

Ball, President & CEO. “Our team is excited to have Mr. Klein lead our exploration

strategy in Nevada , and I look forward to working closely with Thomas to fully explore

and dev elop our portfolio of gold projects and also our extensive data library of

geological information .”

Mr. Klein, brings over 2 5 years of distinguished global exploration experience. Mr.

Klein’s career has led to extensive contributions to multiple gold discoveries and/or project

advancements in the USA, South America, West Africa, and the Middle East, and has spent

the last decade exploring and generating exploration opportunities for Newmont Mining in

Nevada. Mr. Klein discovered the Kupfertal Cu-Au Porphyry in Peru, is credited as the

co-discoverer of the Amulsar Gold Deposit in Armenia , holds a Masters in Mineralogy

from Ruprecht-Karls University in Heidelberg, Germany, and is a Member of the

Geological Society of Nevada.

About NV Gold Corporation

NV Gold ( TSXV: NVX, OTCQB: NVGLF) is a well-financed 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

Company’s planned exploration activities , including executing a drill program at the Sandy , Slumber and

Exodus Gold Projects in the Fall of 2020, 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 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.