Nevgold Resource Corp. ("Nevgold" or "the Company") (TSX VENTURE:NDG) is pleased
to announce the start of a core drilling program on or about July 31 at the
Company's Cordero Project located near McDermitt, Nevada. Nevgold has completed
the permitting process and has selected the drill contractor for a program
initially consisting of 3-4 diamond drill holes to planned depths of around
1,500 feet (about 460 meters). Total drill footage and number of holes will be
determined as the program progresses.


Nevgold has been working on various exploration models during the past 18 months
based on historic third party drilling and the Company's own 2008-2009 reverse
circulation drill program results. An extensive gold, silver and multi-element
assay database has been combined with surface and subsurface geology to identify
fault zones anomalous in precious metals and associated pathfinder elements from
surface exposures to depths of over 600 feet. Using a geologic model based on
other deposits in the region with similar host rock age and composition,
alteration, and anomalous pathfinder geochemistry, Nevgold's exploration team is
targeting bonanza grade epithermal precious metal veins expected to develop at
depths of at least 1,000 feet. This core program is designed to test the near
vertical down-dip projection of the northeast striking M-Fault zone at depths of
1,000 to 1,250 feet in areas where previous drilling has shown strong gold,
silver, selenium, arsenic, antimony and base metal assays closer to the surface.
Additional information can be found in the Company's March 31 news release and
on the Nevgold website.


Pursuant to the Nevgold stock option plan, a director of the Company has been
granted 50,000 incentive stock options exercisable at $0.15 per share for a
period of five years.


Mr. Thomas H. Chadwick, P.Geo., a Qualified Person as defined by National
Instrument 43-101 and President of 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 Nevgold Resource Corp. Actual results may differ
materially from those currently anticipated in such statements.


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