2009-05-18 22:13:03 -

Nevada Gold Holdings, Inc : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. . (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to announce that at the end of 2008, Dave Mathewson was appointed as CEO, President and Chief Geologist of the Company.

Dave Mathewson is well known in the Nevada gold community. He has been an exploration geologist for over 35 years and has spent the last 20 years focusing in Nevada. Mr. Mathewson is one of a handful of successful geologists in Nevada who has consistently found large commercial gold discoveries. One of his biggest successes was as head of Newmont Mining’s Great Basin and Carlin Trend exploration programs.

During a 12-year period of time

with Newmont, Mr. Mathewson and his teams were directly responsible for the discovery and expansion of more than 25 million ounces of gold. Prior to Nevada Gold, his junior public company experience was as Head Geologist and Vice President of Exploration with Tone Resources, which traded on the Toronto Venture Exchange and was acquired by US Gold (NYSE: UXG).

Mr. Mathewson has often made contrarian bets based on his vast knowledge of North Central Nevada geology and gone against popular belief to explore where no one else has been interested. Such risks have paid off greatly during his career. Mr. Mathewson discovered approximately five million ounces of gold in the Rain district of Nevada among four separate deposits. Mr. Mathewson also led Newmont’s Great Basin exploration team which was responsible for the discovery of the three to five million ounce Peninsula gold-bearing gravel deposit south of Battle Mountain. As Manager of Exploration for Newmont on the Carlin Trend, the exploration team discovered significant extensions of gold mineralization at Newmont’s Gold Quarry mine and Mike deposit, comprising an additional probable 10 to 15 million ounces. During his tenure with Newmont Mining, Mr. Mathewson was involved with and drove the process of numerous acquisitions, many of which led later to discovery of gold deposits.

“I am very excited to take on this endeavor,” said Mr. Mathewson. “My goal is to build a portfolio of exploration properties with world class gold deposits, developing the Company into a prestigious exploration company. I believe these efforts will enhance value for our shareholders.”


Carl Pescio of Allied Nevada Gold (NYSE: ANV) has personally known Dave Mathewson for many years. The two have collaborated together on various projects in the past. Mr. Pescio said, “I hold Dave’s geological capabilities in high regard, and I believe Dave Mathewson is one of the best geologists an exploration company can have for Nevada.”


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 north of Austin, Nevada. Tempo consists of 146 contiguous unpatented lode claims, totaling 2,920 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 : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..



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 : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. under "Search for Company Filings."


Nevada Gold Holdings, Inc.Investor RelationsCorporate

Evolutions, Inc.516-482-0155 info@corporateevolutions.com : mailto:info@corporateevolutions.com www.corporateevolutions.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..