North American Gold (fka NAU)

[Ed Monton]

North American Gold Issues Ammendment to News Release
Dated August 25, 2004

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 25, 2004) -
Further to the press release dated August 25, 2004, North
American Gold Inc. (TSX-V: NAU) would like to clarify the
following two statements:

1. "it is clear that the Central zone is a large gold deposit" -
in the essence of accuracy it should read "it is clear that the
Central zone is a large mineralized gold occurrence."

2. "the deposit has an excellent configuration for open pit
mining" - this should read "mineralization is near surface and
will be evaluated in future for open pit mining."

Background

North American has an option to acquire a 60% interest in the
Norra and Barsele properties from Minmet plc by incurring a total
of US $ 3.5 million in exploration expenditures and issuing
400,000 shares to Minmet by November 3, 2006 (see news release
November 3, 2003). For more information, please refer to North
American's website www.northamgold.com or call Kareen McKinnon
toll free at 1 888 627 9378.

ON BEHALF OF THE BOARD

Buck Morrow, President

NORTH AMERICAN GOLD INC.

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FOR FURTHER INFORMATION PLEASE CONTACT:
North American Gold Inc.
Kareen McKinnon
1-888-627-9378
Website: www.northamgold.com
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.