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NVX.V ·

Nv GOLD Corporation Announces the Appointment of John Seaberg as Chief Executive Officer

Management Changes

580 Hornby Street, Suite 588

Vancouver, British Columbia, V6C 3B6

Tel: +1 888 363 9883

www.nvgoldcorp.com

NV GOLD CORPORATION ANNOUNCES THE

APPOINTMENT OF JOHN SEABERG AS CHIEF

EXECUTIVE OFFICER

VANCOUVER, BC / ACCESSWIRE / June 15, 2022 / NV Gold

Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the

"Company") is pleased to announce the appointment of Mr. John Seaberg as the

Company’s new Chief Executive Officer.

Mr. Seaberg has held several executive roles within the mining industry

throughout his career. Since September, 2021, he has been CFO of Condor Gold

plc. From July 2019 to June 2021, he was the Senior Vice President and CFO of

Calibre Mining. Prior to Calibre, he was the Executive Chairman of Paramount

Gold Nevada Corp. He was previously Senior Vice President of Strategic

Relations at Klondex Mines Ltd. In this role he was responsible for global investor

relations and corporate development initiatives as an acting member of the senior

executive team. Prior to Klondex, John was employed for more than 12 years by

Newmont Mining Corporation where he last held the position of Vice President,

Investor Relations. He has a Bachelor of Science Business Administration

(BSBA) degree from Colorado State University and a Masters of Business

Administration (MBA) from the University of Denver.

John Watson, NV Gold’s Chairman commented - “I am very pleased to introduce

Mr. Seaberg as NV Gold’s new CEO. His breadth of experience is well-suited to

lead our Company into the future. John’s strong background in finance and

investor relations, combined with his industry reputation will be pivotal to

achieving the Company’s goals. NV Gold is pursuing an aggressive exploration

strategy designed to take advantage of its significant Nevada property portfolio.”

Concurrent with Mr. Seaberg’s appointment as CEO, Mr. Seaberg has been

appointed to the Company’s Board of Directors and John Watson will resume

being just the Chairman of the Company.

In addition, the Company has granted 3,100,000 stock options to directors and

officers of the Company, each option entitling the holder to purchase one

common share of the Company at C$0.10 per share for five years.

On behalf of the Board of Directors,

2

John E. Watson

Chairman

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 Service Provider (as

that term is defined in t he policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.