NDG Nevgold Resource Corp.

Nevgold Resource Corp. ("Nevgold" or "the Company") (TSX VENTURE:NDG) is pleased
to provide an update of 2008 exploration activities. The Company has finished
permitting and been approved to start a reverse circulation drilling program at
its Cordero gold-silver exploration project located near McDermitt, Nevada.
Nevgold also welcomes the addition of Nathan Tewalt as CEO and Thomas Chadwick
as President of the Company replacing outgoing President and CEO Richard Graham.
Mr. Chadwick will also replace Mr. Graham as a Director of the Company.


Exploration Update

CORDERO

Nevgold plans to initiate drilling on newly developed targets on its Cordero
gold-silver exploration property in northern Nevada. Cordero consists of 113
mining claims covering over 2,000 acres and is located in and around the
historic Cordero and McDermitt mercury mines, notable as the largest mercury
producers in the western hemisphere during much of their production life.


The integration of multi-element geochemical data, generated from over 170
shallow holes drilled between 2001 and 2007 by a third party, and hundreds of
surface rock chip and channel samples, has provided an excellent foundation for
the Nevgold precious metals targeting model. Detailed two and three dimensional
modeling of precious metals and select pathfinder elements within the framework
of the Company's detailed geologic mapping on the property has allowed an
initial structural model of the more important precious metals feeder structures
to be constructed.


The current drill program will test this model during a first phase program
consisting of 10-15 reverse circulation drill holes in two primary target areas.
Angle holes will be used to better define the location and orientation of
potentially important mineralized fault zones to vertical depths of up to 700
feet. The Company will use the data generated by this program to provide the
best possible target selection for the more costly deeper core drilling designed
to test for possible bonanza grade gold-silver veins projected to exist at
depths of greater than 800 feet below the surface.


Using a similar integrated targeting approach, the Nevgold exploration team
discovered the "Midas style" high grade gold-silver veins at Ivanhoe in 1997.
Ivanhoe was a historic mercury district with a style of alteration,
mineralization and volcanic stratigraphy nearly identical to that at Cordero.
Further, Ivanhoe and Cordero are on the same north-western projection of the
Carlin Trend and have the same age dates for the host rocks. The Nevgold
exploration team believes Cordero has strong potential to host similar
selenide-bearing banded gold-silver veins as found at Ivanhoe, now in
pre-production, and the currently producing Midas Mine, also on the northern
projection of the Carlin Trend. Other past producers of this vein type are
closer to Cordero and include the famous Sleeper Mine and historic
Buckskin-National mining district.


COPPER KING

Permitting and site planning are currently underway at the Company's Copper King
property at the eastern end of the Coeur d' Alene silver belt in northern Idaho.
The target is bedded deposits of disseminated copper-silver similar to those
found at Montanore, Rock Creek, and the Spar Lake Mine to the northeast in
Montana. First pass mapping and sampling are complete and drill targets have
been selected for at least one initial deep core hole planned for late summer or
early fall.


Corporate Update

As part of the Company's recent focus on US exploration, Nevgold welcomes the
additions of Nathan Tewalt and Thomas Chadwick to senior management. Mr. Tewalt
is currently a director of the Company and will become CEO. In 1997, Mr. Tewalt
started Great Basin Gold where he served as CEO during the bonanza vein
discovery at Ivanhoe. As President and CEO of Standard Uranium from start-up in
2004 to its merger with Energy Metals in 2006, Mr. Tewalt managed a very
successful uranium explorer that is rapidly progressing to producer status. As a
geologist for over 25 years, Mr. Tewalt was also part of the exploration team
that discovered the Montanore bedded copper-silver deposits in Montana in 1983.


Mr. Chadwick will become a director and President of the Company. As exploration
manager for Great Basin Gold in 1997 and 1998, Mr. Chadwick managed all
technical aspects of the Ivanhoe discovery. Mr. Chadwick's work in bedded copper
deposits in Montana and Idaho between 1979 and 1987 initiated programs that
included the Montanore discovery and provided the basis for the Company's
current program at Copper King in Idaho. Mr. Chadwick has over 30 years of
experience as an exploration geologist with extensive experience in precious and
base metal systems in the western US and abroad. He has a history of discovery
success at the generative to project levels through detailed field mapping and
exploration target modeling.


Nevgold would like to thank outgoing President and CEO Richard Graham for his
guidance during the Company's transition to a precious metals company. Mr.
Graham will also step down as a director of the Company.


Mr. Nathan Tewalt, P.Geo., a Qualified Person as defined by National Instrument
43-101 and consultant to the Company, has reviewed and verified the technical
information contained in this news release.


Forward-Looking Statement

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Colombian
Mines Corporation. Actual results may differ materially from those currently
anticipated in such statements.

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