Nevada Gold Holdings Inc. Secures $500,000 of New Financing

FERNLEY, Nev.--(BUSINESS WIRE)--Nevada Gold Holdings, Inc. (OTCBB: NGHI.OB), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, announced today that the Company has secured $500,000 in equity financing through a private transaction with an accredited investor. The securities sold have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The financing will enable the Company to commence gold exploration on its Tempo prospect, a 2,920 acre leasehold located within the north-south trending Rabbit Creek Gold Trend, a prolific Nevada gold belt containing at least 80 million known ounces of gold. The Company has already identified four distinct targets on the Tempo property and will commence drilling deeper holes on the property.

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