Corvus Gold Intersects New Near Surface Stockwork Gold Vein System at Sierra Blanca, North Bullfrog Project

Vancouver, B.C……..Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces results from three additional reverse circulation (RC) holes drilled northeast of the existing Sierra Blanca deposit (Figure 1).  Significantly, Hole NB-13-242 encountered over 250 metres of mineralization in several intervals, including 41 metres averaging 0.68 g/t gold from the surface (Table 1).  Mineralization associated with stockwork veining between 27 and 38 metres yielded an intercept of 10.7 metres of 1.2 g/t gold.  This represents an exciting new vein stockwork zone with similarities to the upper parts of the Yellowjacket high-grade style of mineralization occurring 200 metres to the west.  Follow up core drilling on this newly identified vein system is scheduled to start imminently.

Hole NB-13-241 on the northern end of the Sierra Blanca ridge encountered over 180 metres of mineralization in two intervals (Table 1).  Hole NB-13-243 encountered 90 metres of mineralization in two intervals.  In all of these holes, oxidation extends to depths in excess of 300 metres, which is significantly deeper than previous estimates.  These new results confirm that thickening zones of oxide mineralization extend from the previously defined currently proposed pit area to the new Yellowjacket high-grade zone, as well as defining new zones of higher grade mineralization to the west.

This data, together with the previously reported hole NB-13-238 (12 metres @ 0.8 g/t gold) (see NR13-23, October 2, 2013) on the western flank of the ridge indicate that there is potential to develop multiple Yellowjacket style high-grade zones to the west that could enhance the overall grade and potential project economics of the deposit.

Jeff Pontius, Chief Executive Officer, stated: “These new drill results continue to expand and enhance the potential of the Sierra Blanca – Yellowjacket deposit.  The increasing depth of oxidation and the definition of more high-grade, oxide vein potential hundreds of metres to the west of Yellowjacket could add significant potential to expand the existing resource.  We are excited to begin the follow-up core drilling on these new vein discoveries and continue to expand the Yellowjacket system to the west.  As we have seen from our ongoing drilling, the scale of the North Bullfrog system continues to grow, demonstrating significant potential to develop into a major new Nevada gold system.” 

Table 1: Significant intercepts* from North Sierra Blanca RC holes.

Hole ID From
(metres)
To
(metres)
Interval
(metres)
Gold
(g/t)
Silver
(g/t)

NB-13-241 0.0 103.6 103.6 0.27 0.89
Including 1.5 38.1 36.6 0.37 1.23
  125.0 202.7 77.7 0.16 0.46

NB-13-242 0.0 41.2 41.2 0.68 1.65
Including 27.4 38.1 10.7 1.21 1.93
  45.7 132.6 86.9 0.28 0.87
Including 64.0 89.9 25.9 0.35 0.78
  141.7 205.7 64.0 0.21 0.44
  211.8 213.4 1.5 0.71 13.00
  237.7 274.3 36.6 0.19 0.44

NB-13-243 32.0 89.9 57.9 0.28 Pending
Including 42.7 56.4 13.7 0.44 Pending
  214.9 239.3 24.4 0.14 Pending

*Intercepts calculated with 0.1g/t gold cutoff and up to 3 metres of internal waste.  Assuming that the mineralization is roughly stratiform in character, the intercepts are approximately true thickness.  All holes are vertical.


Figure 1: Location of new reverse circulation holes at Sierra Blanca North.  Red collars indicate assays reported
in Table 1.  Blue collars are holes that have been drilled but have assays pending.
“SB North” indicates the north ridge of Sierra Blanca.

About the North Bullfrog Project, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately 70 km² in southern Nevada just north of the historic Bullfrog gold mine formerly operated by Barrick Gold Corporation.  The property package is made up of a number of leased patented federal mining claims and 758 federal unpatented mining claims.  The project has excellent infrastructure, being adjacent to a major highway and power corridor.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that form the basis for this news release and has approved the disclosure herein.  Mr. Pontius is not independent of Corvus, as he is the CEO and holds common shares and incentive stock options.

The work program at North Bullfrog was designed and supervised by Russell Myers (CPG 11433), President of Corvus, and Mark Reischman, Corvus Nevada Exploration Manager, who are responsible for all aspects of the work, including the quality control/quality assurance program.  On-site personnel at the project log and track all samples prior to sealing and shipping.  Quality control is monitored by the insertion of blind certified standard reference materials and blanks into each sample shipment.  All resource sample shipments are sealed and shipped to ALS Chemex in Reno, Nevada, for preparation and then on to ALS Chemex in Reno, Nevada, or Vancouver, B.C., for assaying.  ALS Chemex’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999.  Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples.  Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About Corvus Gold Inc.

Corvus Gold Inc. is a resource exploration company, focused in Nevada and Alaska, which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects.  Corvus is focused on advancing its 100% controlled Nevada, North Bullfrog project towards a potential development decision and continuing to explore for new major gold discoveries.  Corvus is committed to building shareholder value through new discoveries and leveraging noncore assets via partner funded exploration work into carried and or royalty interests that provide shareholders with exposure to gold production.

On behalf of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
Chief Executive Officer

Contact Information:   Ryan Ko
Investor Relations
Email: info@corvusgold.com
Phone: 1-888-770-7488 (toll free) or (604) 638-3246 / Fax: (604) 408-7499

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and