Consolidated Nevada Goldfields Corporation Wins Safety Awards at Aurora Operation.

DENVER--(BUSINESS WIRE)--Sept. 24, 1997--Consolidated Nevada Goldfields Corporation (CNGC) announced today that for the second consecutive year, its Aurora operation, located 28 miles southwest of Hawthorne, Nevada, has been selected to receive the following safety awards from the Nevada Mining Association (NMA):

First Place - Small Open-Pit Mine

First Place - Small Underground Mine

The awards were presented at the NMA Convention in South Lake Tahoe on September 6, 1997. The CNGC Aurora unit, with only 45 employees, has a history of safe and environmentally sound operation. Recently, CNGC acquired a neighboring Aurora Partnership property from Electra Gold Ltd., which will increase the reserves at Aurora by 180,000 ounces of gold.

Consolidated Nevada Goldfields Corporation is a Denver-based, international mining company with six producing mining properties and over 1,300 employees. The Company reserves include 740,000 ounces of gold, 51 million ounces of silver, and 38 million pounds of copper. The Company shares trade on the Toronto exchange under the symbol KNV, on the NASDAQ under the symbol KNVCF, and on the Stuttgart, Frankfurt, and Berlin exchanges under the symbol CNV.

CONTACT: Consolidated Nevada Goldfields Corp.

Shelley Thompson, [phone]