Nevada Gold Holdings Inc. Engages Rimrock Drilling as Drilling Contractor

FERNLEY, Nev.--(Business Wire)--
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.govunder "Search for Company Filings."

Nevada Gold Holdings, Inc.
Investor Relations
Corporate Evolutions, Inc.
Ph: 516-482-0155
info@corporateevolutions.com
www.corporateevolutions.com

Copyright Business Wire 2009