NV Gold Commences Phase One Drill Program at SW Pipe Gold Project

NV Gold Commences Phase One Drill Program

at SW Pipe Gold Project

VANCOUVER, BC / ACCESSWIRE / May 10, 2023 / NV Gold Corporation (TSXV:NVX)

(OTCQB:NVGLF) (FSE:8NV) (“ NV Gold ” or the “ Company”) is pleased to announce that

it has commenced the phase one Reverse Circulation (“RC”) drilling program at the Company’s

100% owned SW Pipe Gold Project located in Lander County , approximately 6 km (3.7

miles) southwest of the Pipeline gold mine in the central Cortez gold belt of north -central

Nevada (see Figure 1) . During this first phase of drilling , a total of 700 - 800 meters will be

drilled by Nevada based Envirotech Drilling , LLC (“Envirotech”) and is expected to take

approximately 8-16 days to complete.

Dr

illing will be following up on results from the geochemical study carried out in 2022, which

identified a large and comprehensive zone of overlapping Carlin-type anomalies including gold,

arsenic, antimony, mercury, thallium and selenium.

V.P. Exploration Thomas Klein commented, “I am excited to see the start of drilling at SW Pipe.

Based on the work carried out in 2022, this first phase of drilling has the potential to identify a

Carlin-type gold discovery at SW Pipe”.

Figure 1: SW Pipe Location in Proximity to the Cortez and Pipeline Gold Mines.

750 West Pender Street, Suite 250

Vancouver, British Columbia, V6C 2T7

Tel: +1 303.668.7991

www.nvgoldcorp.com

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Figure 2: Envirotech RC Drill Rig at SW Pipe.

About NV Gold Corporation

NV Gold Corporation is a well -organized exploration company with ~80 million shares issued

and no debt. NV Gold has 21 exploration projects in Nevada comprising 639 100%-Company-

owned lode mining claims totaling 53.4 square kilometers (20.6 square miles) The Company is

based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value

through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its

highly experienced in -house technical team, and its extensive geological data library, 2023

promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John Seaberg, Director, and CEO

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

Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this news release.

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This press release contains “forward-looking information ” within the meaning of applicable

Canadian securities legislation and statements that are based on the beliefs of management

and reflect the Company’s current expectations. When used in this press release, the words

"estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should"

and the negative of these words or such variations thereon or comparable terminology are

intended to identify forward- looking statements and information. Such statements and

information reflect the current view of the Company and include, without limitation, statements

regarding discussions of future plans, estimates and forecasts and statements as to

management's expectations and intentions with respect to, among other things: the potential

quantity and grade of mineral resources identified in the Exploration Target and the Company’s

current expectations regarding future exploration and development plans. Risks and

uncertainties may cause actual results to differ materially from those contemplated in those

forward-looking statements and information. By their nature, forwar d-looking statements

involve known and unknown risks, uncertainties and other factors which may cause our actual

results, performance or achievements, or other future events, to be materially different from

any future results, performance or achievements expressed or implied by such forward-looking

statements. The forward-looking information and forward-looking statements contained in this

press release are made as of the date of this press release, and the Company does not

undertake to update any forward- looking information or forward- looking statements that are

contained or referenced herein, except as may be required in accordance with applicable

securities laws. All subsequent written and oral forward- looking information and statements

attributable to the Company or persons acting on its behalf is expressly qualified in its entirety

by this notice regarding forward-looking information and statements.