Nevada Gold Holdings Inc. Announces Filing of Form 10-Q

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, announced today that the Company has filed its Quarterly Report on “Form 10-Q” for its quarter ending June 30, 2009 with the SEC. The “E” that was added to the Company’s symbol, indicating that its 10-Q filing was late, which was due to an unexpected change in auditing firms, is expected to be removed shortly.

As reported in a Company press release earlier this week, the delay in filing the Company’s 10-Q was due to the fact that the Company was informed by its independent auditing firm, Moore & Associates, Chartered, approximately one week before the due date for filing the 10-Q that the firm would no longer be engaged in auditing or reviewing public company financial statements, effective immediately. Subsequently, GBH CPAs, PC, a firm specializing in resource/energy companies, has been retained to serve as the independent registered public accountants for the fiscal year 2009

“I apologize again for the delay in filing our Quarterly Report. There was no way for the Company to have foreseen the circumstances with our auditors, however, we will continue to make every effort to avoid any delays in our future filings," commented President and Chief Geologist of Nevada Gold Holdings Inc., Dave Mathewson.

To view Nevada Gold Holdings Inc. Quarterly Report on Form 10-Q, please visit: www.sec.gov.

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 north of Austin, Nevada. Tempo consists of 146 contiguous unpatented lode claims, totaling 2,920 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