Nevada Pacific Gold Ltd. WKN 929 971 ISIN CA6413981029 NPG

Mineralized Structural Zone Identified at Nevada Pacific's Cornerstone Project on the Cortez Trend in Nevada

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News Release 04-35

Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) is pleased to announce that surface exploration on the Company's Cornerstone project has identified a potentially significant structural zone of alteration and gold mineralization. Cornerstone is situated on the Cortez Gold Trend; approximately 12 miles south of Placer Dome's recently discovered multi-million ounce Cortez Hills and Pediment gold deposits in Eureka County, Nevada.

The surface alteration consists of local zones of iron oxides, carbonate and jasperoid breccia. To date, the zone has been traced for over 3,000 feet along a north-northeast strike direction and up to 800 feet in width. Initial sampling by Nevada Pacific has returned significant gold values and elevated pathfinder elements. Results of the first 35 rock chip samples taken by Nevada Pacific along the zone have been received from ALS Chemex with 12 of these samples returning gold values of greater than 2 ppm with a high of 7.87 ppm (0.228 opt). Listed below are the results from the initial sampling program:

Sample # Gold (ppm) Sample # Gold (ppm) Sample # Gold (ppm) Sample # Gold (ppm)
PC3-92 <0.005 PC3-102 0.020 PC3-112 0.542
PC3-122 0.357 PC3-93 1.180 PC3-103 0.010
PC3-113 0.019 PC3-123 0.587 PC3-94 1.630
PC3-104 0.010 PC3-114 0.005 PC3-124 3.150
PC3-95 0.030 PC3-105 0.020 PC3-115 0.210
PC3-125 0.456 PC3-96 0.060 PC3-106 <0.005
PC3-116 3.300 PC3-126 0.443 PC3-97 2.680
PC3-107 0.063 PC3-117 3.400 PC3-98 0.040
PC3-108 1.685 PC3-118 7.870 PC3-99 7.980
PC3-109 0.311 PC3-119 2.360 PC3-100 3.800
PC3-110 4.730 PC3-120 6.510 PC3-101 0.020
PC3-111 2.270 PC3-121 2.650

The mineralization appears to be associated with brecciated carbonate and fractured jasperoid lying at or near the contact of lower plate rocks and the overlying volcanics. Elevated pathfinder elements include mercury and antimony.

A close-spaced soil-sampling program is currently underway over the mineralized zone(s) in order to better define the areas of gold mineralization identified by the surface sampling. Mapping and sampling throughout the entire claim block will continue over the next few weeks and additional data results will be released as they are received.

Curt Everson, P.Geol., M.Sc., is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the operating Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 60 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. The Company's BMX, Keystone, and Limousine Butte projects are optioned to Placer Dome. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

Meldung vom 8.10.

CEO and Director

Morgen Goldfreunde ,

bin auch in NPG involviert.
Habe mich auch durch Hommel inspirieren lassen.
Der hat ja gigantische Mengen an Silber im Amador Canyon
vermutet. Aber ein Investment auf Basis von Vermutungen tätigen ist
Irrsinn. Tja kann sein aber auch nicht.Ist wie ein Roulette.
NPG hat aber jede Menge anderer Projekte in der Pipe.
Die Gefahr besteht das man auf einer lahmen Ente sitzen bleibt
und die Minen Hausse verpennt.

Fri Oct 15, 2004

Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) is pleased to announce additional assay results from the Flag Zone on the Company's 3.3 square mile Cornerstone project. The project is located to the south of the Pipeline Mine owned by the Cortez Joint Venture (CJV) on the Battle Mountain/Cortez Gold Trend and just 12 miles south of Placer Dome's 10+ million ounce Cortez Hills, Pediment and ET Blue discoveries.

Additional surface sampling in the Flag zone now reveals a total of 24 of 69 assays greater than 0.025 ounces per ton gold (opt) with two samples running as high as 0.274 opt and 0.317 opt. Pathfinder elements range in value up to 1815 ppm arsenic, 296 ppm antimony and 8.08 ppm mercury, indicating classic Carlin-style mineralization in this under-explored area. These results show the zone to be more continuous than previously thought along the 3,000 foot by 800 foot zone.

Sample # Gold (opt) Sample # Gold (opt) Sample # Gold (opt)
PC3-157 0.317 PC3-130 0.124 PC3-121* 0.077
PC3-155 0.274 PC3-139 0.124 PC3-119* 0.069
PC3-99* 0.233 PC3-100* 0.111 PC3-111* 0.066
PC3-118* 0.230 PC3-117* 0.099 PC3-108* 0.049
PC3-120* 0.190 PC3-116* 0.096 PC3-94* 0.048
PC3-110* 0.138 PC3-124* 0.092 PC3-93* 0.035
PC3-160 0.132 PC3-129 0.083 PC3-132 0.029
PC3-128 0.130 PC3-97* 0.078 PC3-131 0.025
* Previously released October 7, 2004 PR # 04-35

A detailed soil sampling grid over this entire area has been completed. When the assay results are received and permitting has been completed a trenching program will commence.

Curt Everson, P.Geol., M.Sc., is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

CEO and Director

Hallo newtechxl,

herzlichen Dank für die Präsentation. Gibt einen guten Überblick über die gegenwärtigen Aktivitäten und die geplante weitere Entwicklung in den nächsten Jahren. Eigentlich ganz ermutigend.

Gibt es von Hommel in der letzten Zeit irgendwelche Kommentare bzgl. dem Amador Projekt ? Würde mich interessieren.

Gruß

Silbertaler

newtechxl,

ich habe gerade in der letzten Übersicht von Hommel (Stand 15. Okt.) nachgeschaut:

http://www.silverstockreport.com/

Nevada Pacific Gold wird hier nicht mehr erwähnt (jedoch noch in der Übersicht 8Auflistung Explorer] vorher). Hommel besitzt aber weiterhin Aktien von Nevada Pacific Gold. Vielleicht ist er bzgl. der Einschätzung vom Amador Canyon vorsichtiger geworden. Vorher hat er ja durchschnittlich 4 opt als Basis für seine Bewertung/Berechnung genommen. Die letzten Ergebnisse waren jedoch etwas ernüchternd.

Hast Du weitere Informationen inwieweit sich Hommel in den letzten 14 Tagen zu Nevada Pacific Gold geäußert hat?

Gruß

Silbertaler

newtechxl,

was für Nevada Pacific Gold spricht, sind die anderen Goldprojekte. Hier scheint man erfolgreicher zu sein. Bei der Magistral Mine konnte man auch relativ schnell die Produktion steigern und neue Ressourcen finden.

Sehr positiv finde ich die Strategie, dass man den Cah Flow aus der bestehenden Mine für neue Bohrungen nutzt und dort ja auch Erfolge vorweisen kann. Interessant ist auch die Planung in den nächsten Jahren, die eine deutliche Prduktionsausweitung (bei sinkenden Kosten) vorsieht.

Gruß

Silbertaler

gute Frage, auf der Homepage ist nichts zu erkennen

Wed Oct 20, 2004
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THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

VANCOUVER, BRITISH COLUMBIA - Oct. 20, 2004 - Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) wishes to announce that the Company has entered into an agreement (the "Agreement") with Canaccord Capital Corporation ("Underwriter") for the sale, on a bought deal underwritten basis, (the "Offering") of an aggregate of 5,155,000 million units ("Units") at a price of $0.97 per Unit for gross proceeds of $5,000,350. The Underwriter has also been granted an over allotment option for an additional 2,580,000 Units ($2,502,600) which, if exercised prior to closing, will provide the Company with gross proceeds of $7,502,950. The Offering is subject to approval by the TSX Venture Exchange.

Each Unit will be comprised of one common share ("Common Share") and one half of a non-transferable share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share at a price of $1.20 within twelve months of issuance. Pursuant to the Agreement, the Underwriter is entitled to substitute, prior to closing, purchasers who are qualified to purchase the Units pursuant to applicable securities legislation.

The net proceeds of the placement will be used to: (1) fund activities to increase the reserve and resource base at the Magistral Gold Mine in Sinaloa State, Mexico; (2) to advance exploration on the Company's gold and silver exploration projects in Nevada; and (3) for general working capital purposes. Closing is scheduled for November 09, 2004.

The Underwriter shall be entitled to receive a cash commission representing 7% of the proceeds from the sale of the Units and underwriter's warrants to acquire Common Shares, representing 7% of the Units sold, at a price of $1.05 per Common Share within twelve months of closing.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the operating Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 60 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. Placer Dome has earn-in rights on the Company's BMX, Keystone and Limousine Butte projects. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

Richard J. Barclay, CEO and Director

Thu Oct 21, 2004
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Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) wishes to announce that Placer Dome U.S. Inc. ("Placer Dome"), a wholly owned subsidiary of Placer Dome Inc. (NYSE, TSX, ASX; PDG) has initiated an exploration program at the Company's Keystone project in Nevada. The 100% Company owned 10.5 square mile Keystone project is located on the Battle Mountain/Cortez Gold Trend, approximately 12 miles south of Placer's Cortez Joint Venture.

The Keystone project exhibits strong potential for both base and precious metal mineralization related to the Keystone intrusive. Mineralization occurs in both upper and lower plate rock adjacent to and in the district surrounding the intrusive. The presence of these receptive host rocks in the lower plate and an intrusive to drive the system provides a classic setting for the development of Carlin-style disseminated gold deposits.

As a result of initial fieldwork by Placer Dome's exploration team, a priority area in the northeastern portion of the property has been identified. To date Placer Dome has collected and analyzed approximately 400 rock chip samples over the area. Surface rock geochemistry shows a positive association of anomalous gold (20-468 ppb) with strongly anomalous pathfinder elements arsenic (up to 9,600 ppm), and antimony (up to 167 ppm).

Placer Dome indicates that it will continue exploration with geophysics and geochemistry covering approximately three square miles over the priority area. The proposed work plan will include detailed geologic mapping and sampling, collection and analysis of approximately 500 soil samples taken on a 400 x 400 foot grid, and a 7.5 line mile Controlled-Source Audio-Frequency Magneto-Telluric (CSAMT) geophysical survey.

Placer Dome has the right to earn a 60% interest in the Company's Keystone Gold Project by spending US$5 million on exploration over a five-year period, including US$350,000 in year one (see NPG PR# 04-29 September 8, 2004). Placer Dome can earn an additional 15% interest (75% total) by completing a full feasibility study. Nevada Pacific will retain 100% of the base metal and silver rights subject and subordinate to Placer Dome's rights to develop the gold resources at Keystone.

Curt Everson, P.Geol., M.Sc., is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company's property portfolio contains the Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 60 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. Placer Dome has earn-in rights on the Company's BMX, Keystone and Limousine Butte. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

CEO and Director

Thu Oct 28, 2004
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News Release 04-39

Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) is pleased to announce that Placer Dome U.S. Inc. ("Placer Dome"), a wholly owned subsidiary of Placer Dome Inc. (NYSE, TSX, ASX; PDG) has started an exploration program on the Company's 100% owned Limousine Butte project. Limousine Butte is located in White Pine County, Nevada, approximately 20 miles due east of Placer Dome's Bald Mountain mine. The property covers a very large hydrothermal gold system that exhibits alteration features indicative of sediment/structure hosted gold deposits found on the Carlin Trend and elsewhere in Nevada.

Recent staking of unpatented mineral claims by Placer Dome has more than doubled the size of the Limousine Butte project. As a result of Placer Dome's staking program, the Company and Placer Dome now control a large land position of approximately 31 square miles (20,000 acres) of the prospective corridor of alteration and gold mineralization.

Placer Dome is completing detailed geologic mapping and sampling in the Resurrection Ridge area of the Limousine Butte project. Positive results from previous drilling at Resurrection Ridge by Nevada Pacific Gold are listed below:

Hole Number From (feet) To (feet) Intercept (ounces per ton gold)
RRC04-07 290 305 15 feet averaging 0.111 opt
and 355 445 90 feet averaging 0.176 opt
including 385 445 60 feet averaging 0.248 opt
RR03-1 375 530 155 feet averaging 0.061 opt
including 405 455 50 feet averaging 0.162 opt
including 415 440 25 feet averaging 0.269 opt
RR03-2 270 465 195 feet averaging 0.050 opt
including 380 410 30 feet averaging 0.123 opt

Placer Dome indicates its current fieldwork will focus on determining structural intersections, lithology, continuity, orientation and mineralogy of the high-grade mineralization found in the Resurrection Ridge area.

Placer Dome also plans to generate a 3-D model of the known gold mineralization at Resurrection Ridge in order to aid in resource definition and future drilling efforts. Property wide exploration is anticipated to commence in the 1st quarter of 2005.

Placer Dome has the right to earn a 60% interest in the Limousine Butte project by spending US$4 million on exploration over a five-year period, including US$250,000 in year one (see NPG NR# 04-29 September 8, 2004). Placer Dome can earn an additional 15% interest (75% total) by completing a full feasibility study

Mr. Curt Everson, P.Geol., M.Sc. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company in Nevada.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company's property portfolio covers approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. Placer Dome has earn-in rights on the Company's BMX, Keystone and Limousine Butte projects. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

CEO and Director

Fri Nov 12, 2004
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News Release 04-40

Nevada Pacific Gold Ltd. (or the "Company") (TSX Venture Exchange - Symbol NPG) has closed the previously announced financing of 5,155,000 units ("Unit") and the underwriter's overallotment of 2,431,712 units for gross proceeds of Cdn$7,359,111. Each Unit is comprised of one common share ("Common Share") and one half of a common share purchase warrant ("Warrant") at a price of Cdn$0.97 per Unit. Each whole Warrant will entitle the holder to acquire one Common Share at a price of Cdn$1.20 for a period of one year.

Canaccord Capital Corporation was the underwriter of the private placement and received a 7% cash commission of Cdn$515,137 and underwriters' warrants (the "Underwriter's Warrants") to acquire 531,070 Common Shares at Cdn$1.05 per share for a period of one year.

The Common Shares and Warrants that were sold as Units and the Underwriter's Warrants and the Common Shares underlying such warrants are subject to a four-month hold period that expires on March 13, 2005.

The net proceeds of the placement will be used to complete the purchase of the Magistral Gold Mine in Sinaloa State, Mexico; fund reserve and resource development work at Magistral; advance exploration on the Company's gold and silver exploration projects in Nevada; and for general working capital purposes.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company's property portfolio covers approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. Placer Dome has earn-in rights on the Company's BMX, Keystone and Limousine Butte projects. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

CEO and Director

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Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) is pleased to announce that the (approx) US$2 million revitalization program at the Company's 100% owned Magistral Mine is now 95% complete. As a result of the work completed to date the mine is on a firm footing for sustained profitable production starting in January 2005. Weekly gold production is increasing systematically.

The revitalization program is increasing long term operating efficiencies, lower operating costs and to increase annual gold and silver production. During the revitalization period, slated to end December 31, 2004, the mine has had reduced gold production with all operating costs capitalized and offset by precious metal sales.

Weekly gold production has risen for the last 6 consecutive weeks from a low of 149 ounces on October 19th to 437 ounces on November 23rd. This trend is projected to continue through to the Company's fiscal year end and is forecasted to increase to approximately 1,000 ounces per week in June 2005.

The gold production forecast for fiscal 2005 (ending June 30th 2005) amounts to some 30,000 ounces at a cash operating cost of US$250 per ounce. Silver continues to be stockpiled.

The Company has embarked on an aggressive exploration program designed to develop additional gold reserves and resources adjacent to the existing mining operations as well as to drill test several near-mine mineralized areas. Successful development of additional reserves and resources may lead to an increase in annual mine throughput.

The Company made the final payment of US$1,450,000 to Queenstake Resources Ltd. on November 12, 2004 completing the purchase of 100% of the Magistral Mine.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles in the State of Nevada. The Company's BMX, Keystone and Limousine Butte projects are optioned to Placer Dome. A description of these projects, including maps can be viewed at http://www.nevadapacificgold.com.

This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"
CEO and Director

Tue Nov 30, 2004
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Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) wishes to announce the operating results for three months ended September 30th, 2004 and the Company's fiscal first quarter.

The Magistral Mine

The Company continued a revitalization program at the mine during the first quarter. The program is increasing long term operating efficiencies, lowering operating costs and increasing annual gold and silver production. During the revitalization period, which is expected to be completed on December 31, 2004, the mine will experience reduced gold production with all production related costs capitalized and offset by precious metal sales.

During the quarter The Magistral Mine produced 3,205 ounces gold and sold 3,272 ounces at an average price of US$400. Since the acquisition, the Mine has produced 12,435 ounces of gold. Silver continues to be stockpiled and at September 30, 2004 stood at 5,575 ounces.

The mine is continuing to experience improved results from the revitalization projects that have been completed. The remine program that involved rehandling the crushed ore on the leach pad to add lime for pH control and to reduce the effects of solution channelling continues to yield positive results. All pregnant solutions from the leach pad show improved pH that has helped reduce cyanide requirements and copper levels in the solution. In addition, the three additional carbon columns, larger pumps and a new boiler installed in mid-year continue to provide higher solution flow rates through the processing plant. For the quarter, average plant capacity was 257 cubic metres per hour, an 8% increase over the previous quarter.

Several projects were completed in the first quarter of the company's 2005 fiscal year that have set the mine on a firm footing for sustained profitable production beginning January 2005. Additional mine equipment was purchased and placed into service late in the quarter, including one CAT 992 12 cubic yard front end loader and two CAT 777 90-ton trucks that will increase the mining fleet capacity to approximately 7 million tonnes per year. The secondary crushing circuit was modified to produce a finer product by replacing the standard cone with a short head configuration. Projects still underway include the installation of a larger screen plant and new conveyors that will be configured to close the crushing circuit. These projects are expected to be completed in late December and are planned to be fully operational in January 2005. These improvements will help ensure an average at the crusher throughput of 960,000 tonnes per annum and an average crushed ore size of 80% finer than ½". The resulting improvement in gold recovery is estimated to be approximately 5%.

Finally a comprehensive organizational review was completed which resulted in a 10% labour force reduction, primarily in the administrative areas. As part of this reorganization, mine security was outsourced to a contract security company. Communication improvements are planned for completion in December that will allow for the administrative, accounting and purchasing groups to be moved to the mine site and the Mocorito office to be closed. With these and other changes, operating costs are projected to be reduced.

During the first quarter of fiscal 2005 the Magistral Gold Mine produced 3,205 ounces of gold and 2,294 ounces of silver. A total of 129,030 tonnes of ore and 826,679 tonnes of waste were mined with a waste to ore strip ratio of 6.4:1. The average grade of the mined ore was 1.4 grams gold per tonne for a total of 5,786 ounces of gold. The recoverable gold inventory remaining on the heap at September 30, 2004 was estimated to be 6,805 ounces

Subsequent to the end of the Company's first fiscal quarter Nevada Pacific made the final payment of US$ 1,450,000 to Queenstake Resources Ltd. on November 12, 2004 completing the purchase of the Magistral Gold Mine. All security granted by the Company has been returned to the company and security registrations are being discharged.

Magistral Mine Exploration Review

One of the most important developments resulting from the systematic review of the Magistral Gold Mine is the identification of exploration targets within the immediate and district area of the mine. During the first fiscal quarter, compilation of previous exploration data combined with surface mapping and sampling has successfully demonstrated the potential to increase the presently defined resources adjacent to existing mining operations and to discover and develop additional resources throughout the Magistral mining camp. Subsequent to quarter end the Company announced the commencement of a US$1 million exploration program at the mine that will include approximately 20,000 meters of drilling. The two-tiered program has been designed to develop additional gold reserves and resources adjacent to the existing mining operations as well as drill testing several near-mine mineralized areas that have been identified by Magistral's geological team. The principal drill targets in the immediate area of the Mine are the La Prieta High Grade Zone, the Samaniego Open Pit, the West San Rafael Zone, the San Rafael Open Pit, the Lupita-Sagrado Corazon Reserve/Resource Areas, the Lucy Zone, the South of Sagrado Corazon and the Cerritos Porphyry System.

Ross Zawada, P. Geol., is a Qualified Person as defined by National Instrument 43-101 and is responsible for exploration program design and quality control undertaken by the Company at their Mexican Operations.

Nevada Pacific US Exploration

Limousine Butte

On September 7, 2004, the Company signed a binding letter agreement with Placer Dome U.S. Inc. ("Placer Dome"), a wholly owned subsidiary of Placer Dome Inc., whereby Placer Dome has the right to earn a 60% interest in the Limousine Butte project by spending $4,000,000 on exploration over a five-year period. Placer Dome can earn an additional 15% interest by completing a feasibility study.

Following the quarter end staking of unpatented mineral claims by Placer Dome has more than doubled the size of the Limousine Butte project. As a result of Placer Dome's staking program, the Company and Placer Dome now control a large land position of approximately 31 square miles (20,000 acres) of the prospective corridor of alteration and gold mineralization. Placer Dome is completing detailed geologic mapping and sampling in the Resurrection Ridge area of the Limousine Butte project. Placer Dome indicates its current fieldwork will focus on determining structural intersections, lithology, continuity, orientation and mineralogy of the high-grade mineralization found in the Resurrection Ridge area. Placer Dome also plans to generate a 3-D model of the known gold mineralization at Resurrection Ridge in order to aid in resource definition and future drilling efforts. Property wide exploration including a drilling program is anticipated to commence in early 2005.

Keystone

On September 7, 2004, the Company signed a binding letter agreement with Placer Dome, whereby Placer Dome has the right to earn a 60% interest in the Keystone project by spending $5,000,000 on exploration over a five-year period. Placer Dome can earn an additional 15% interest by completing a feasibility study.

As a result of initial fieldwork by Placer Dome's exploration team, a priority area in the northeastern portion of the property has been identified. Placer Dome indicates that it will continue exploration with geophysics and geochemistry covering approximately three square miles over the priority area. The proposed work plan will include detailed geologic mapping and sampling, collection and analysis of approximately 500 soil samples taken on a 400 x 400 foot grid, and a 7.5 line mile Controlled-Source Audio-Frequency Magneto-Telluric (CSAMT) geophysical survey. A drilling program is planned for 2005

Cornerstone (Pat Canyon)

During the quarter, surface exploration on the Company's Cornerstone project identified a potentially significant structural zone of alteration and gold mineralization. Cornerstone is situated on the Cortez Gold Trend; approximately 12 miles south of Placer Dome's recently discovered multi-million ounce Cortez Hills and Pediment gold deposits in Eureka County, Nevada.

The surface alteration consists of local zones of iron oxides, carbonate and jasperoid breccia. To date, the zone has been traced for over 3,000 feet along a north-northeast strike direction and up to 800 feet in width. Initial sampling by Nevada Pacific has returned significant gold values and elevated pathfinder elements. Results of the first 35 rock chip samples taken by Nevada Pacific along the zone have been received from ALS Chemex with 12 of these samples returning gold values of greater than 2 ppm with a high of 7.87 ppm (0.228 opt). Surface sampling in the Flag zone revealed a total of 24 of 69 assays greater than 0.025 ounces per ton gold with two samples running as high as 0.274 opt and 0.317 opt. Pathfinder elements range in value up to 1815-ppm arsenic, 296-ppm antimony and 8.08-ppm mercury, indicating classic Carlin-style mineralization in this under-explored area. These results show the zone to be more continuous than previously thought along the 3,000 foot by 800-foot zone. A detailed soil-sampling program over this entire area has been completed. When the assay results are received and permitting has been completed a trenching and drilling program will commence.

Mr. Curt Everson, P.Geol., M.Sc. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company in Nevada

Cautionary Statement on Forward-Looking Information

Certain information set forth in this report contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties including: the results of current operation and exploration activities; market reaction to future operation and exploration activities; significant changes in metal prices; currency fluctuations; increases in production costs; differences in ore grades; recovery rates; and tonnes mined from those expected; changes in mining, or heap leaching rates from currently planned rates; general market and industry conditions; and other factors detailed in the Company's public filings.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise an, as such, undue reliance should not be placed on forward-looking statements. Nevada Pacific Gold Ltd's actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements, and accordingly, no assurance can be given that the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Nevada Pacific Gold Ltd. will derive therefrom. Nevada Pacific Gold Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the operating Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. The Company's BMX, Keystone and Limousine Butte projects are optioned to Placer Dome. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

CEO and Director