NV Gold Corporation Sells Non-Core Property

NV Gold Corporation Sells Non-Core Property

VANCOUVER, BC , August 9,2023 / NV Gold Corporation (TSXV:

NVX)(OTCQB:NVGLF)(FSE:8NV) (“ NV Gold” or the “ Company”) announces th e sale of

a non-core asset, the Sandy Gold Project in Lyon County, Nevada , dated August 1,2023

for cash while retaining a 1.5% NSR or an equivalent production royalty.

Chairman and Interim CEO John Watson comments “ This sale, to Anchor Minerals, Inc. ,

a private US company, is consistent with NV Gold’s business model to monetize certain

claim holdings while moving forward with exploration on it s remaining strategic properties

in Nevad a “.

About NV Gold Corporation

NV Gold Corporation is based in Vancouver, British Columbia, and Reno, Nevada and is

focused on delivering value through its gold exploration efforts in Nevada, USA and by

leveraging its expansive property portfolio.

On behalf of the Board of Directors,

John Watson, Chairman and Interim CEO

604.685.7450

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.

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

750 West Pender Street, Suite 250

Vancouver, British Columbia, V6C 2T7

Tel: +1 (604) 245.0054

www.nvgoldcorp.com

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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, forw ard-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.