KOR Corvus Gold Inc

Corvus Gold Inc. ("Corvus" or the "Company") (TSX:KOR) is pleased to announce
assay results for the upper sections of two of six holes from the diamond
drilling at the Grubstake target on the Chisna copper-gold project, Alaska
(Figure 1: http://media3.marketwire.com/docs/kor1.pdf). Both holes are
extensively altered and veined, thus confirming copper-gold mineralization is
associated with a large porphyry style mineral system. The results also
demonstrate that mineralization is linked to the younger, probably Cretaceous,
intrusive suite at Grubstake which may be of similar age to the Pebble deposit
600 kilometres to the west and Orange Hill deposit 100 kilometres to the
southeast.


Hole GS-10-03 encountered 130 metres averaging 0.2% copper and 0.15 g/t gold
beginning at 191 metres down hole depth. In addition to the copper-gold
mineralization (which was the principal target of holes GS-10-01 and GS-10-03)
high-grade (+10 g/t) gold mineralization has been found in many surface
structures. In hole GS-10-01, several of these gold mineralized structures were
encountered below the post mineral fault (Figure 2:
http://media3.marketwire.com/docs/kor2.pdf, Table 1). These structures may
become targets in their own right as exploration proceeds at Grubstake.




Table 1: Summary intercepts from holes GS-10-01 and GS-10-03      
(At this time it appears that the mineralized zone intersected in these 
holes is flat lying to shallowly dipping to the north so the true thickness
of these intercepts is somewhat less than that in the downhole interval
shown)                
                                           Interval                      
Hole #     From (metres)   To (metres)      (metres) Copper (%) Gold (g/t)
-------------------------------------------------------------------------
GS-10-01           14.8         214.0         199.3       0.08       0.06
 including         17.7          29.0          11.3       0.12       0.06
 including         33.0          54.3          21.3       0.11       0.07
 including         94.3         104.6          10.2       0.11       0.19
 including        123.1         132.0           8.9       0.13       0.10
                  226.4         231.2           4.8       0.04       1.32
 including        228.0         231.2           3.2       0.04       1.87
-------------------------------------------------------------------------
GS-10-03           23.4          61.9          38.5       0.14       0.09
                  137.8         172.6          34.8       0.16       0.10
                  191.4         321.3         129.9       0.19       0.15
 including        191.4         296.5         105.1       0.20       0.16
 including        195.8         227.8          32.0       0.26       0.19



Russell Myers, President of Corvus, stated, "These results provide "proof of
concept" for the Grubstake porphyry target and, given the extensive area of the
IP chargeability anomalies, bodes well for the exploration potential of this
target which is only one of many in the Chisna belt. The complex history of
alteration and intrusion reflected in the core point to multiple mineralizing
events in the Grubstake area which is encouraging for the discovery of a major
deposit. With over 12 square kilometres of anomalous surface gold and copper and
subsurface geophysical targets, this initial drill program has only just begun
to evaluate the system. Given the early success of the first two holes we are
very encouraged with the discovery potential of the Grubstake target area."


Analysis of Results

Hole GS-10-01 targeted a highly anomalous area of soils and encountered over 200
metres of copper mineralization hosted in volcanic rocks and intrusive breccias
with extensive zoned porphyry type alteration before a fault terminated the zone
(Figure 2: http://media3.marketwire.com/docs/kor2.pdf). The IP data linked this
mineralized zone to a moderate IP response that also mapped the terminating
fault. Hole GS-10-03 was then drilled back to evaluate the extension of the IP
anomaly to the north and encountered extensive alteration and mineralization
throughout the hole. In the top of GS-10-03 breaks in these extensive
mineralized zones are caused by post mineral monzonite porphyry dikes typical in
porphyry deposits. 


The success of defining significant zones of copper and gold mineralization
associated with surface and subsurface anomalies will form the basis for taking
the Grubstake exploration program forward. The next phase of work following the
return of the remaining drill hole results will be to conduct a 3D analysis of
the data to expand the understanding of the overall system and target follow-up
drill holes for this large and relatively un-tested new porphyry discovery.


About the Chisna Project

The Chisna Project is focussed on a new and emerging Alaskan copper-gold
porphyry belt of deposits with copper and gold mineralization associated with
mid-Cretaceous intrusions of similar age and style to the Pebble deposit to the
west and Orange Hill deposit to the east. At present, the Corvus/Ocean Park
Ventures Corp. joint venture controls over 232,000 acres of either State of
Alaska Mining Claims or land leased from Ahtna Corporation. The 2010 exploration
program represents the first modern exploration and drilling to take place on
this large and highly mineralized new Alaskan porphyry belt.


Corvus and its predecessor-in-title, International Tower Hill Mines Ltd., began
exploration on the project in 2006 and discovered the Grubstake porphyry copper
system in 2007. Beginning in 2010, the Chisna project is being operated as a
joint venture between Raven Gold Alaska Inc. (a subsidiary of Corvus) and Ocean
Park Alaska Corp. (a subsidiary of Ocean Park Ventures Corp.), with Ocean Park
earning 51% by contributing USD 20 million in exploration expenditures over a 5
year period, thereby providing Corvus with a no cost assessment of this belt
(see International Tower Hill Mines Ltd. news release NR09-29 for details on the
terms of the joint venture). Raven is the operator of the joint venture during
the first two years.


In 2010, the Chisna project advanced dramatically with the completion of a large
airborne geophysics (6700 line kilometres of ZTEM (Z Axis Tipper Electromagnetic
system), an innovative airborne EM system credited with correctly delineating
the Pebble deposit) and extensive ground geophysics (100 line kilometres of 3D
induced polarization) together with surface prospecting and drilling. This work
has defined over a dozen priority targets of which only two, POW and Grubstake,
have been initially tested with drilling, both returning anomalous copper and
gold values.


Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National
Instrument 43-101, has supervised the preparation of the scientific and
technical information that forms the basis for this news release and has
approved the disclosure herein. Mr. Pontius is not independent of Corvus, as he
is the CEO and holds common shares and incentive stock options.


The work program at Chisna was designed and supervised by Russell Myers, the
Vice-President, Exploration of ITH and the President of Corvus. On-site
personnel at the project photograph the core from each individual borehole prior
to preparing the split core. On-site personnel at the project log and track all
samples prior to sealing and shipping. All sample shipments are sealed and
shipped to ALS Chemex in Fairbanks, Alaska, for preparation and then on to ALS
Chemex in Reno, Nevada, or Vancouver, B.C., for assay. ALS Chemex's quality
system complies with the requirements for the International Standards ISO
9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by
the analysis of reagent blanks, reference material and replicate samples.
Quality control is further assured by the use of international and in-house
standards. Finally, representative blind duplicate samples are forwarded to ALS
Chemex and an ISO compliant third party laboratory for additional quality
control.


About Corvus Gold Inc.

Corvus Gold Inc. is a resource exploration company, focused in Alaska and
Nevada, which controls a number of exploration projects representing a spectrum
from early stage to the advanced gold projects. Corvus is committed to building
shareholder value through new discoveries and leveraging those discoveries via
partner funding into carried and or royalty interests that provide its
shareholders significant exposure to produced gold to maximize the value for
their investment.


On behalf of Corvus Gold Inc.

Jeffrey A. Pontius, Chairman and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking
information (collectively, "forward-looking statements") within the meaning of
applicable Canadian and US securities legislation. All statements, other than
statements of historical fact, included herein including, without limitation,
statements regarding the anticipated content, commencement and cost of
exploration programs, anticipated exploration program results, the discovery and
delineation of mineral deposits/resources/reserves, business and financing plans
and business trends, are forward-looking statements. Although the Company
believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically
identified by words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their nature, refer
to future events. The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future results or performance,
and that actual results may differ materially from those in forward looking
statements as a result of various factors, including, but not limited to,
variations in the nature, quality and quantity of any mineral deposits that may
be located, variations in the market price of any mineral products the Company
may produce or plan to produce, the Company's inability to obtain any necessary
permits, consents or authorizations required for its activities, the Company's
inability to produce minerals from its properties successfully or profitably, to
continue its projected growth, to raise the necessary capital or to be fully
able to implement its business strategies, and other risks and uncertainties
disclosed in the Information Circular of International Tower Hill Mines Ltd.
dated July 9, 2010 in respect of the ITH Special Meeting held on August 12,
2010. All of the Company's Canadian public disclosure filings may be accessed
via www.sedar.com.


Caution Regarding Adjacent or Similar Mineral Properties

This news release contains information with respect to adjacent or similar
mineral properties in respect of which the Company has no interest or rights to
explore or mine. The Company advises US investors that the mining guidelines of
the US Securities and Exchange Commission (the "SEC") set forth in the SEC's
Industry Guide 7 ("SEC Industry Guide 7") strictly prohibit information of this
type in documents filed with the SEC. Readers are cautioned that the Company has
no interest in or right to acquire any interest in any such properties, and that
mineral deposits on adjacent or similar properties are not indicative of mineral
deposits on the Company's properties.


This press release is not, and is not to be construed in any way as, an offer to
buy or sell securities in the United States.

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