Unsolicited Offer for Nevada Pacific Gold Ltd. Elicits Response from Board of Directors

David Hottman, Chairman and Chief Executive Officer of Nevada Pacific Gold Ltd., announced that the company has received an unsolicited offer from U.S. Gold Corporation to purchase all outstanding common shares. The offer price is 0.23 of a U.S. Gold share for each outstanding common share of Nevada Pacific Gold Ltd. The Board of Directors will meet to consider and evaluate the offer and provide an update to shareholders.

Key Takeaways:

• Nevada Pacific Gold Ltd. received an unsolicited offer from U.S. Gold Corporation to purchase all outstanding common shares.
• The offer price is 0.23 of a U.S. Gold share for each outstanding common share of Nevada Pacific Gold Ltd.
• The Board of Directors will meet to consider and evaluate the offer and advise shareholders of their position.
• The company owns the Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles of mineral rights.
• The Keystone and Limousine Butte projects are under joint venture agreement with Placer Dome U.S.
• A description of these projects, including maps and photographs, can be viewed on the Company's website at www.nevadapacificgold.com.

Statistics:

• 0.23: The offer price of a U.S. Gold share for each outstanding common share of Nevada Pacific Gold Ltd.
• 75 square miles: The size of the company's exploration property portfolio.
• 1997: The year Nevada Pacific Gold Ltd. was founded.
• 2006: The year in which the unsolicited offer was announced.

Sources:

• (CCNMatthews via COMTEX)
• Nevada Pacific Gold Ltd.
• www.nevadapacificgold.com
• Placer Dome U.S.