Nevada Gold Corp. (fka NVGC)

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Nevada Gold Corp Addresses United States Securities and Exchange Commission's Temporary Suspension of Trading Nevada Gold Corp Securities

DEL MAR, Calif., Dec. 3, 2013 (GLOBE NEWSWIRE) -- NEVADA GOLD CORP (OTCQB:NVGC) -- We have become aware that the United States Securities and Exchange Commission has issued a temporary suspension for the trading of our company's securities, citing the adequacy and accuracy of information provided by ourselves and others in regards to our assets, operations and financial conditions as the reason for our trading suspension. While we cannot comment on the information provided by third parties in regards to our Company, we are of the view that our disclosure documents and press releases accurately describe our assets, operations and proposed activities. We look forward to the resumption of trading on December 12, 2013 so that our shareholders will not continue to be disadvantaged by the trading suspension.

We strongly urge any prospective investors to obtain advice from a qualified investment professional prior to making any investment in our Company.

About Nevada Gold Corp

Nevada Gold Corp (OTCQB:NVGC) is a publicly traded US exploration company focused on precious metals targets in the gold rich area of North Eastern Nevada. To date, Nevada State has produced over 200 million ounces of gold with Nevada accounting for almost 84% of the US annual gold production. Most recently the company has a acquired an option to earn a 75 percent interest in the former producing silver/lead and gold mine called the Diamond Jim Mine located in Northern Nevada State.

The Diamond Jim Mine in Elko County consists of 53 claims and is located in northeastern Nevada, 20 miles (32 km) south of the Idaho border, 69 miles (111 km) north of the city of Elko and 260 miles (418 km) northeast of the city of Reno. The property lies on the easterly end of the northeast-trending Midas trend, one of Nevada's several important epithermal gold belts. The Midas trend hosts a number of significant to world-class gold districts such as Midas-Ken Snyder Mine and the Jerritt Canyon Mine (recently produced its 8 millionth ounce of gold). These mines produce mainly from epithermal vein systems favorable for small but profitable high-grade operations and Carlin-type sediment-hosted deposits amenable to large-scale open-pit bulk mining.

Nevada Gold Corp plans to conduct an initial surface exploration program as well as seek a permit to reopen the old mine workings to verify previous exploration results. In addition to the Diamond Jim property the company also has an option on another gold property located in Nevada's Long Canyon Gold Trend.

Company Website: http://www.nvgoldcorp.net

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