NV Gold Encounters Possible Lower Plate Rocks in Follow-up Drilling at its 100% Controlled ATV Gold Project

NV GOLD CORPORATION

Suite 588 – 580 Hornby Street

Vancouver, B.C. Canada V6C 3B6

March 1, 2018 Trading Symbol: NVX

NV Gold Encounters Possible Lower Plate Rocks in Follow-up Drilling

at its 100% Controlled ATV Gold Project

Vancouver, British Columbia – NV Gold Corporation (TSX:V: NVX; OTCQX:

NVGLF) ( “NV Gold” or the “Company) is pleased to announce recent follow-up

diamond drill hole, ARC-6C, has intercepted carbonate-bearing s edimentary rocks

thought to belong to the lower plate of the Roberts Mountain th r u s t f a u l t a t i t s 1 0 0 %

controlled Across the Valley (“ATV”) Gold Project in north-central Nevada.

In its news release dated Febr uary 13, 2018, the Company discus sed recent drill results

f r o m t h e p r o j e c t i n c l u d i n g a n intercept of geochemically anomal ous carbonate-bearing

sedimentary rocks at the bottom of reverse circulation hole ARC -6. To follow-up this

intercept, NV Gold drilled hole ARC-6C, a 213.4 m reverse circu lation pre-collar hole

followed by a diamond core tail to 477.3 m. ARC-6C was collared approximately 3 m

from ARC-6 (refer to a map in the Company’s news release dated February 13, 2018 for

hole location).

A zone of intense shearing thought to be the Roberts Mountain t hrust fault was

encountered from approximately 346-358 m. Below this, a sequenc e of laminated muddy

to silty carbonate-bear ing rocks was encountered to the end of the hole. Indications of

decarbonatization and very fine pyrite are locally present. NV Gold believes these rocks

may belong to the Comus Formation, an important ore-hosting uni t in the region.

Orebodies at the nearby Twin Creeks (Newmont) and Turquoise Rid ge (Barrick and

Newmont) mines are hosted by the Comus Formation. In addition to cutting and sampling

core from ARC-6C, the Company plans to undertake biostratigraph ic analyses of

carbonate-bearing rocks to verify their proper stratigraphic identity.

The ATV gold project encompasses approximately 13,000 acres of lode mining claims on

Bureau of Land Management lands and fee ground leased from Oro Vaca Ranch and is

situated approximately 10 km southeast of the Twin Creeks and T urquoise Ridge mines

on the Getchell trend. Mines of the Getchell trend have produce d over 20 Moz gold from

Carlin-type deposits hosted by Paleozoic sedimentary rocks, esp ecially carbonate-bearing

units of the lower plate of the Roberts Mountain thrust. NV Gol d targeted the

underexplored ATV area based on structural modeling that suggests faulted extensions of

lower plate host rocks of the Getchell trend might be buried un der young alluvium and

volcanic rocks in this area.

NV Gold’s CEO, John Watson commented “One of the primary object ives of our initial

drilling program at ATV was to establish the presence and depth of the Paleozoic-

Tertiary unconformity in as many places as possible at ATV. Th is objective has been

achieved in most of the RC holes completed to date. Perhaps more importantly, however,

was our objective to confirm the presence of the Roberts Mounta in Thrust and to target

favorable carbonates below the th rust. Hole ARC-6C gives stron g indications that these

favorable rocks are present and that hydrothermal conditions ha ve been observed in the

Paleozoic section. The core will be submitted to ALS Chemex fo r sawing, sampling and

assay. NV Gold is very encouraged by Hole ARC-6C.”

Quality Control and Quality Assurance

NV Gold staff, under the supervision of Dr. Quinton Hennigh, a director of NV Gold,

oversaw drilling of hole ARC-6C. Core has been submitted to ALS Global, Reno,

Nevada (“ALS”) where it will be split, sampled and assayed. Res ults are expected in a

few weeks.

Quinton Hennigh (Ph.D., P.Geo.) is a Qualified Person pursuant to National Instrument

43-101 and has reviewed and approved the technical information contained in this news

release. Dr. Hennigh is a director of NV Gold and is not indepe ndent and is also the

President, Chairman and a Director of Novo Resources Corp.

About NV Gold Corporation

NV Gold is junior exploration company based in Vancouver, Briti sh Columbia that is

focused on delivering value through mineral discoveries utilizi ng the prospector

generator model. Leveraging its highly experienced in-house tec hnical knowledge, NV

Gold’s geological team intends to use its geological database, which contains a vast

treasury of field knowledge spanning decades of research and exploration, combined with

a portfolio of mineral properties in Nevada, to create opportun ities for lease or joint

venture. NV Gold plans to aggressively acquire additional land positions for the growth

of its business.

On behalf of the Board of Directors,

John E. Watson

President and CEO

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

John E. Watson,

Phone: 303.674.9400

Email: [email protected]

Neither the TSX Venture Exchange nor its Regu lation Service Provider (as that term is

defined in the policies of the TSX Ventur e Exchange) accepts responsibility for the

adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certa in forward-looking statements o r information. All statements other than

statements of historical fact included in this release, includi ng, without limitation, statements regarding the

drilling strongly indicating that the intercepted carbonate-bea ring sedimentary rocks belong to the lower

plate of the Roberts Mountain thrust fault, the belief that the sequence of laminated muddy to silty

carbonate-bearing rocks encountered below the zone of intense s hearing may belong to the Comus

Formation, the structural modeling suggesting that faulted exte nsions of lower plate host rocks of the

Getchell trend might be buried under young alluvium and volcanic rocks in the area of the ATV Project and

the potential to sell, lease or joint venture any of the Compan y’s properties, and other future plans and

objectives of the Company, inclu ding exploration plans, are for ward-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 fr om those anticipated in such statements.

Important factors that could cause actual results to differ mat erially from the Company's plans or

expectations include the incorrect characterization of rock for mations, regulatory issues, market prices,

availability of capital and financ ing, general economic, market or business conditions, timeliness of

government or regulatory approvals and other risks detailed her ein and from time to time in the filings

made by the Company with securities regulators. The Company dis claims any intention or obligation to

update or revise any forward-looking statements whether as a re sult of new information, future events or

otherwise except as otherwise required by applicable securities legislation.