Nevada Gold Holdings, Inc. (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, announced today the appointment of David Rector as Chief Executive Officer and President of the Company, taking over from Dave Mathewson, who will continue to stay on as Director and Chief Geologist for the Company.

"David’s leadership skills and extensive experience running public companies makes him the right CEO to lead the Company and the shareholders. I am confident that David will have a significant impact on the future growth and success of our Company and I welcome him on board,” said Dave Mathewson. “I will continue to oversee the Tempo drilling program and evaluate the data that is gathered from the new holes beings drilled, as I continue to strongly believe that a large gold deposit is in the horizon for the Company.”

"This is an incredible opportunity for me to be involved in as we are about to venture into an exciting project," said David Rector, new CEO. "We are focused on developing the Tempo property, and I believe that there is a strong potential of discovering a large gold deposit in the area that Dave has selected. I look forward to working alongside Dave in proving it to exist."

Mr. Rector has previously served as the Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director of Nano Holdings International, Inc. (which was renamed named Nevada Gold Holdings, Inc.) from April 19, 2004 through December 31, 2008. He has also served in various executive positions for Standard Drilling, Inc., Federal Sports & Entertainment, Inc. and Nanoscience Technologies Inc.

Since June 1985, Mr. Rector has been a principal of the David Stephen Group, which provides enterprise consulting services to emerging and developing companies in a variety of industries. Earlier in his career, Mr. Rector held various positions from General Manager to Group Product Manager for companies including Bemis-Jason Corporation, Sunset Designs Inc. and Fortune 100 Company, Crown Zellerbach Corporation.

Mr. Rector continues to serve on several boards of both public and private companies including Senesco Technologies Inc. (SNT) since 2002, Dallas Gold & Silver Exchange (DGSE) since 2004, CardOne Plus, a global debit card issuer and NuWest, a gas and oil operating entity. Mr. Rector obtained a B.S. in business from Murray State University in 1969.

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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