Nevada Gold Holdings Inc. Appoints Exploration and Research Geologist, Michael B. Jones, as Drilling Consultant

Nevada Gold Holdings, Inc. (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, announced today that Michael B. Jones has been appointed as geological consultant to the Company for the forthcoming drilling program on the Company’s Tempo property. Jones will be working closely with Chief Geologist Dave Mathewson to ensure that the drilling program is completed with the highest quality drilling and sampling standards.

Michael B. Jones is an exploration/project/research geologist with over 35 years of experience. His expertise includes identification; evaluation; geologic and geochemical modeling; and drill project management of sediment-hosted gold, epithermal, porphyry, and volcanogenic massive sulfide mineral systems. Jones has managed, hands-on, three gold discoveries totaling near one million ounces of which two discoveries became mines. His geographic experience includes north-central Nevada, western U.S., Maine, British Columbia, Haiti, and Irian Jaya.

“Michael brings a vast amount of geological expertise and hands-on experience that will be a great asset to the Company and its shareholders. He will be an integral part of our efforts going forward on our exploration program on the Tempo property,” said President and CEO David Rector. “His talents and accomplishments will be valuable to the Tempo project as we look for his expert evaluation of the assay results from the holes being drilled during the first phase of our drilling program.”

“I look forward to working again with Dave Mathewson on another exploration project,” commented Michael B. Jones. “I have spent many years in the Nevada gold region and I believe that the Company is sitting on top of a major discovery. This is a great opportunity to be involved with a potential world class discovery and I am anxious to get started on evaluating all the data that Dave has collected in addition to the assay results that will be generated from the drilling program currently in place.”

Jones has consulted numerous exploration and mining companies including C3 Resources, Barrick Gold Exploration, Kinross Gold USA, AngloGold and Cortez Gold. In addition to being a consultant, Jones has served as geologist for Queenstake/Yukon Nevada-Gold Corp., Freeport-McMoRan Inc., Independence Mining Co., Franco and Euro-Nevada Mining Co. and Kennecott Exploration Inc.

Jones belongs to numerous organizations including Society of Economic Geologists, Assoc. of Exploration Geochemists and Geological Society of America. He has also co-authored eight papers and abstracts. Mr. Jones graduated from University of Washington with a master's degree in economic geology and received a Ph.D. from Oregon State University.

About Nevada Gold Holdings, Inc.

Headquartered in Walnut Creek, CA, 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."

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