Nevada Gold Holdings Inc. Stakes New Lode Mining Claims on Tempo Prospect

FERNLEY, Nev.--(BUSINESS WIRE)--Nevada Gold Holdings, Inc. ("the Company") (OTCBB: NGHI.OB), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to announce that the Company has staked an additional 60 claims, an additional 1200 acres, contiguous to the existing 146 claims. These 206 claims, comprising approximately 4000 acres or 6.3 square miles, have been located to cover a district-scale gold deposit prospect on the Rabbit Creek Gold Trend, a prolific Nevada gold belt containing at least 80 million known ounces of gold.

There have been approximately 160 holes drilled on the Tempo property. Most of these holes were very shallow and tested only the very near surface expressions of several gold and pathfinder metal anomalies. Dave Mathewson, President and Chief Geologist of Nevada Gold Holdings Inc., believes that deeper target opportunities are present. Tempo has abundant data generated by previous companies, including geologic maps, rock and soil geochemistry and drill hole logs and assays. A detailed gravity survey was completed in 2007. At least 10 new drill targets have been synthesized from the integrated data.

Dave Mathewson states, "With these additional claims, I believe we have expanded our target area and enhanced our ability to make gold deposit discoveries within the Tempo project area. This will enable us to provide additional focus in areas where I feel previous exploration companies have barely scratched the surface when it comes to discovering large gold deposits in this region."

About Nevada Gold Holdings, Inc.

Headquartered in Fernley, NV, Nevada Gold Holdings, Inc. engages in the acquisition, exploration, and development of gold properties. The Company’s experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods to high potential exploration properties located in the productive gold mining regions of Nevada. The Company currently holds a lease on one property, the Tempo prospect, located approximately 20 miles northwest of Austin, Nevada. Tempo consists of 206 contiguous unpatented lode claims, totaling about 4000 acres and is located within the north-south trending Rabbit Creek Gold Trend. The Company’s current plan is to explore for gold at Tempo and to acquire future exploration prospects, and ultimately to develop Nevada Gold Holdings into a successful exploration company.

More information about the Company may be found at: www.nevadagoldholdings.com

Forward-Looking Statements

Certain statements in this press release that are not historical facts are "forward-looking statements." Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital to fund its current and proposed planning, exploratory, and drilling activities; (ii) the risk that a commercially exploitable gold deposit will not be found on the Company’s property; (iii) the Company’s ability to locate and acquire future exploration prospects; (iv) the Company’s ability to attract and retain qualified professionals; (v) the price of gold on the world markets; (vi) competitive factors and developments beyond the Company's control; and (viii) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

Nevada Gold Holdings, Inc.
Investor Relations
Corporate Evolutions, Inc.
Ph: 516-482-0155
info@corporateevolutions.com
www.corporateevolutions.com