NDG Nevgold Resource Corp.

Nevgold Resource Corp. ("Nevgold" or "the Company") (TSX VENTURE:NDG) is pleased
to provide an update on the results from two core holes and one shallow reverse
circulation (RC) drill hole on the Company's Cordero gold-silver property in
northern Nevada. The first core hole, MC-001, intersected anomalous gold
mineralization, while the second core hole MC-002, intersected the highest gold
grade sampled on the property to date at 5.4 feet (ft) grading 5.07 grams per
tonne (g/T). Significantly, this 5.07 g/T intercept (0.148 oz/ton) is the first
direct indication of high grade vein style mineralization, and is a major
milestone in confirming the Company's exploration model. The single shallow RC
hole, MR-14, was drilled from the same site as last year's MR-010, and
intersected the best near surface oxide gold interval on the property to date at
30 ft grading 1.04 g/T (0.030 oz/ton) gold.


Although this recent drill program was limited in the number of holes and total
footage, the drilling establishes the presence of high grade gold mineralization
on the property for the first time. In addition, the drilling confirmed the
presence of widespread, lower grade gold mineralization as part of a larger
precious metals system. These new Cordero intercepts represent significant
advancements in this Nevgold grassroots gold discovery.


Introduction and Discussion of Drill Results

The Cordero project occurs in the historic Cordero-McDermitt underground and
open pit mercury mining complex on the Nevada side of the Nevada-Oregon border,
and is situated near the town of McDermitt, Nevada. The recently completed drill
program is a follow-up to the Company's 13 hole 9,495 ft shallow RC program
completed between 2008 and early 2009, and represents the first "deep" test for
high grade gold-silver vein mineralization.


The three hole program, included MC-001 cored from the surface to a total depth
of 1,505 feet, MC-002 pre-collared with reverse circulation to 600 feet and
completed with core to 1,292 feet, and MR-014 drilled with reverse circulation
to 240 feet. Total footage for these three angle holes was 3,037 ft, with 2,197
ft of this core.


MC-001 was designed to test the prominent northeast-trending M-Fault zone
approximately 1,000 ft below the surface. This hole was moderately to strongly
altered for the first 1,423 ft, with a highly altered and brecciated interval
from 1,022 to 1,411 ft. Despite the extensive alteration and pyrite-marcasite
metallization, anomalous gold values did not exceed 0.305 ppm.


MC-002 targeted the northwesterly trending Antimony Zone, an area with the most
extensive near surface low grade oxide gold mineralization discovered on the
property to date (see Company March 31, 2009 news release). The hole was altered
for its entire length, with a highly altered and brecciated interval between 890
and 1,254 ft. However, the best gold intercept was a relatively shallow
intercept at 745 ft, or approximately 682 vertical ft below the surface. This
high grade interval from 740.6 to 746 ft., contained a one inch thick
clay-adularia-quartz veinlet that carried the entire interval at 5.07 g/T gold
(0.148 opt). Although too little of the veinlet material was left to re-sample,
detailed sub-sampling of a quarter core split representing the wall rock
material only averaged 0.050 g/T gold, supporting the visual determination that
virtually all of the gold in the 5.4 ft. interval was contained in the one inch
veinlet. Veining in other volcanic hosted precious metals systems in northern
Nevada has been observed to pinch and swell, resulting in the formation of very
narrow high grade zones similar to this intercept, and occurring along strike
from thicker high grade shoots.


MC-014 was the final hole drilled, and was a relatively short 240 ft. reverse
circulation drill hole into the Antimony Zone. The Antimony Zone is a mostly
buried northwesterly trending fault zone partially defined by five foot RC drill
intercepts of highly anomalous antimony that locally exceeds 1% and gold
intercepts up to 1.350 g/T related to the margin of a 20 to 135 ft thick silica
cap. Drilled to further delineate the known near surface oxide mineralization,
this last hole encountered the best gold interval to date between 110 and 140
ft. grading 1.04 g/T gold (30 ft. at 0.030 opt). Although near surface gold
mineralization in the Antimony Zone has not been a primary target of Nevgold's
exploration work, a detailed understanding of the near surface alteration and
mineralization is important for modeling deeper structural and stratigraphic
controls to high grade gold mineralization. This evolving near surface model is
a less expensive tool for targeting deeper precious metal vein targets.


Exploration History

The historic mercury production at Cordero and McDermitt rank each mine as the
largest mercury producers in the western hemisphere during their respective
years of operation from 1933 to 1991. In 2001, significant gallium
mineralization was discovered on the property by Gold Canyon Resources. Nevgold
personnel have been sampling and mapping on the property intermittently since
1999, while building a database for precious metal vein exploration. Nevgold
started its exploration program at Cordero in early 2007, and to date has
completed two successful drill programs. The initial 13-hole reverse circulation
drill program discovered the first significant gold mineralization on the
property and validated the original conceptual model that predicted the shallow
mercury/antimony system was related to an underlying precious metals system.


Geologic Overview

The 15 million year old bi-modal volcanic host rocks at Cordero occupy the
southeast rim of the McDermitt Caldera, and are the same age and composition as
those at other precious metal mines and deposits in northern Nevada. All units
exhibit locally strong alteration, ranging from near surface lakebed sediments
to deeper rhyolites, minor andesites and basal basalts.


Commonly exposed at surface, basal lakebed sediments host the extensive
flat-lying mercury deposits in the McDermitt Pit. The contact between the
lakebed sediments and the underlying bi-modal volcanic sequence can be occupied
by a locally extensive thin to very thick low temperature silica cap. Within the
cap, the thicker portions and zones of rapid changes in thickness coincide with
significant fault zones and represent a guide for mapping structure in the area.
In the more robust portions of the hydrothermal system, the base of this silica
cap can be clay altered with strong base metal, arsenic, antimony, gallium and
highly anomalous precious metal mineralization. Below this contact, a felsic to
intermediate sequence of rhyolites, latites and thin andesites can be
silicified, veined, clay altered and have remarkably persistent pyrite/marcasite
metallization in a brittle unit that provides the best host rocks for precious
metal vein mineralization. This unit hosts the best gold intercept identified on
the property as discussed above. Major fault zones exhibit extensive structural
and collapse brecciation, as well as strong clay, silica and marcasite
metallization locally.


Summary and Planned Work

Nevgold's initial near surface reverse circulation drill program at Cordero
confirmed the original model that the historic Cordero mercury deposits are
related to a volcanic hosted precious metals system typical of northern Nevada.
The recent drill program at Cordero was successful in identifying high grade
veining as expected in this particular geologic environment. As discussed above,
the intercept of 5.04 g/T over 5.4 ft. could represent lower end economic grades
and mining widths in an underground mining scenario. Considering the overall
size of the known geologic system at Cordero as defined by the extent of exposed
mercury mining, silicification and clay alteration, the potential to discover a
significant new precious metals vein deposit has been significantly enhanced.
Easy access, power, existing mine history and relatively close milling capacity,
make the high grade vein target at Cordero an especially attractive exploration
target.


The Company is currently updating its exploration model to design a program to
drill test possible extensions of the MR-002 high grade intercept in the
Antimony Zone area. This program would attempt to confirm the veining, probe
deeper portions along strike, and provide enough data to determine the
orientation of the vein zone. Additional information on the Cordero program can
be found in the March 2009 Company press release and on the Company website at
www.nevgoldcorp.com.


Comments on Sampling, Assaying, and QA/QC

The Company's drill samples were collected in accordance with accepted industry
best practices. Sample preparation and assaying was performed at the ALS Chemex
lab (ISO 9001:2000 accredited) in Reno, Nevada. Gold was analyzed by fire assay
with an ICP/AES finish and 0.001 ppm detection limit. As standard procedure, the
Company conducts routine QA/QC analysis on all assay results, including the
systematic utilization of certified reference materials, blanks, and field
duplicates.


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.


About Nevgold Resource Corporation

Nevgold Resource Corporation is focused on the acquisition, exploration and
development of select high quality precious metals properties with near to
intermediate term production potential in the US and Canada. At present, the
Company is primarily focused on exploring the Cordero property in Nevada as
discussed above.


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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