Nevada Gold Holdings Inc. Engages Rimrock Drilling as Drilling Contractor.

FERNLEY, Nev. -- Nevada Gold Holdings, Inc. ("the Company") (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to announce that the Company has entered into a drilling commitment with Rimrock Drilling Co., Elko, NV, to drill four of its ten sites that have been selected for the initial drilling program on the Tempo property. The sites on the Tempo Prospect are located on the southern extension of the north-south trending Rabbit Creek Gold Trend, a prolific Nevada gold belt containing at least 80 million known ounces of gold.

"I am eager to begin drilling now that we have engaged Rimrock Drilling as our contractor on four sites and prepped all ten sites," commented President and Chief Geologist of Nevada Gold Holdings Inc., Dave Mathewson. "We intend to complete at least four of the ten holes before the winter weather sets and we will continue to keep our shareholders informed as to the progress of our drilling program."

About Nevada Gold Holdings, Inc.

Headquartered in Fernley, NV, 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."