CORRECTING and REPLACING Nevada Gold Holdings Inc.: Rated `Speculative Buy,` Target Price $1.00 by Beacon Equity Research

DALLAS--(Business Wire)--
Contact information for Nevada Gold Holdings Inc. should read: Susan U, Investor
Relations, 516-482-0155 (sted Sammy Delpresto, Investor Relations, 516-482-0155)

The corrected release reads:

NEVADA GOLD HOLDINGS INC.: RATED `SPECULATIVE BUY,` TARGET PRICE $1.00 BY BEACON
EQUITY RESEARCH

Nevada Gold Holdings Inc. (OTCBB: NGHI) has been rated Speculative Buy with a
price target of $1.00 by Beacon Analyst, Victor Sula, Ph.D.

The full report is available at http://www.beaconequity.com.

Anyone interested in receiving alerts regarding NGHI research should e-mail
members@beaconequity.com with "NGHI" in the subject line.

In the report, the analyst writes, "Considering the historical discoveries and
basin's characteristics, as well as management`s expertise, we believe the
Company has a good chance of reporting several major discoveries and gold
reserves of approximately 4 million ounces by 2012; we assume a 30% chance that
the exploration program will be successful; we assume the Company receives
approximately $120 per ounce of gold, net of royalty and other payments, for a
discovery; the Company`s weighted average cost of capital (WACC) will range
around 15%."

The Beacon analyst notes NGHI`s CEO`s experience, "Dave Mathewson, NGHI`s CEO,
president and chief geologist, has spent his entire 35-year career prospecting,
exploring and developing world-class gold deposits in Nevada. … Overall,
directly and indirectly, Mathewson has been responsible for the discovery of
almost 25 million ounces of gold in Nevada."

Other companies in the gold industry include: Yamana Gold Inc. (NYSE: AUY),
Kinross Gold Corp. (NYSE: KGC), Goldcorp Inc. (NYSE: GG) and AngloGold Ashanti
Ltd. (NYSE: AU).

BeaconEquity Research Disclosure

The analysts contributing to this report certify that the views expressed herein
accurately reflect the analysts' personal views as to the subject securities and
issuers. BeaconEquity.com is not a registered investment advisor; nothing
contained in any materials should be construed as a recommendation to buy or
sell any securities. BeaconEquity is a Web site wholly owned by BlueWave
Advisors, which has been compensated thirty five thousand dollars from DC Media,
a shareholder of NGHI, as a marketing budget to manage a comprehensive investor
awareness program including the creation and distribution of this report as well
as other investor relations efforts. This report is based on data obtained from
sources we believe to be reliable, but is not guaranteed as to accuracy and does
not purport to be complete. Please read our report and visit our Web site,
BeaconEquity.com, for complete disclosures.

BeaconEquity.com
Jeff Bishop, 469-252-3505
press@beaconequity.com
www.BeaconEquity.com
or
Nevada Gold Holdings Inc.
Corporate Evolutions Inc.
Susan U, Investor Relations, 516-482-0155
info@corporateevolutions.com

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