NV Gold Closes Equity Financing

NV GOLD CORPORATION

Suite 810 - 609 Granville Street PO Box 10356 Pacific Centre Vancouver, BC V7Y1G5

February 27, 2013 Trading Symbol: NVX

NV GOLD CLOSES EQUITY FINANCING

Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the "Company") announced today that it has closed a non-brokered private placement financing (the "Private Placement") of 2,525,000 units (the "Units") at $0.055 per Unit, for gross proceeds of $138,875. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company at $0.10 until February 26, 2015. The expiry date of each Warrant is subject to acceleration such that, should the volume weighted average price of the common shares of the Company exceed CDN$0.20 for twenty consecutive trading days, the Company may notify the holder in writing that the Warrants will expire 20 trading days from receipt of such notice unless exercised by the holder before such date.

The common shares, the warrants and any shares issued upon exercise of the Warrants are subject to a four-month hold period expiring on June 27, 2013.

On behalf of the Board of Directors,

(sgd.) "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 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.