As reported on July 6, Aurizon can earn a 50% interest in the Marban Block property, subject to underlying royalties, by:

• Incurring expenditures of C$20 million over three years, of which a minimum of C$5.0 million is a firm commitment to be spent in the first year;
• completing an updated NI 43-101 compliant mineral resource estimate;
• making a resource payment equal to the sum of C$30 (or C$40 if the price of gold is then above US$1,560) multiplied by 50% of the number of total gold ounces in the Measured and Indicated resource categories plus C$20 (or C$30 if the price of gold is then above US$1,560) multiplied by 50% of the number of total gold ounces in the Inferred resource category.

Aurizon can earn an additional 10% interest, for an aggregate of 60%, by delivering a feasibility study, and an additional 5%, for an aggregate 65%, by arranging project financing for capital expenditures estimated by the feasibility study to place the project into commercial production.  NioGold will be operator during the initial earn-in period and Aurizon will provide input on exploration programs and will become operator after their initial 50% interest has been earned.

The first year drilling program will be mainly directed at better defining and increasing the near surface gold resources at the Marban and Norlartic deposits:

• Marban Deposit:

-       30,000m of shallow drilling, from surface to -300m vertical depth, to complete drill hole pattern at 50m spacing and select in-fill drilling at 25m spacing;

-       5,000m to 10,000m of drilling along depth extent of the Marban Mine Zones and Mine Sequence, principally between ‑300m to ‑500m vertical depth.

• Norlartic Deposit:  5,000m to 10,000m of select shallow drilling, from surface to ‑200m vertical depth, to complete drill hole pattern at 50m spacing.

• Exploration:  5,000m of drilling to investigate the lateral extent of deposits and high‑grade quartz-gold vein systems along the Gold Hawk Horizon.

NioGold Mining Corporation – « On Canada’s Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD.  The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Province of Quebec, Canada.  The Cadillac, Malartic and Val-d’Or mining camps have produced over 45 million ounces of gold since the 1930’s and presently encompasses seven producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining).  NioGold’s land holdings within the Abitibi presently cover 120 km² and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold.  NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources.  NioGold invites you to visit the company website at www.niogold.com.

This news release was prepared by Rock Lefrançois, P.Geo. (OGQ), the Company’s President and COO, and Qualified Person as defined by National Instrument 43-101.  For information on NioGold Mining Corporation contact:

For information about NioGold Mining Corporation contact:
Michael A. Iverson, Chairman & CEO
miverson@niogold.com
Tel: (604) 856-9887

Dale Paruk, Vice-President
dparuk@niogold.com
Tel: (604) 662-4505
Toll-free: (877) 642-6200

• Aurizon can earn a 50% interest in the Marban Block, subject to underlying royalties, by:

- Incurring expenditures of C$20 million over three years, of which C$5.0 million is a firm commitment to be spent in the first year;

- completing an updated NI 43-101 compliant mineral resource estimate;

- making a resource payment equal to the sum of C$30 (or C$40 if the price of gold is then above US$1,560) multiplied by 50% of the number of total gold ounces in the Measured and Indicated resource categories plus C$20 (or C$30 if the price of gold is then above US$1,560) multiplied by 50% of the number of total gold ounces in the Inferred resource category;

• Aurizon can earn an additional 10% interest, for an aggregate of 60% interest, by delivering a feasibility study;
• Aurizon can earn an additional 5%, for an aggregate 65% interest, by arranging project financing for capital expenditures estimated by the feasibility study to place the project into commercial production;
• NioGold will be operator during the initial earn-in period and Aurizon will provide input on exploration programs and will become operator after their initial 50% interest has been earned.

“NioGold has reached another milestone in the development of the Malartic project by joining forces with a proven and growing mine developer and explorer in the Abitibi.  The partnership provides the capital and technical support required to advance the Marban Block property into potential mine development over the next three years.  The $20 million expenditures will be mainly directed to drilling in an effort to increase the resources, with first priority given to the Marban deposit near surface potential” commented Rock Lefrançois, NioGold President & COO.

The Marban Block, part of NioGold’s large Malartic camp land holdings, consists of four (4) contiguous mine properties for a total of 42 mining claims and three (3) mining concessions covering 976 hectares.  The property holds NI 43-101 compliant Indicated resources of 598,000 ounces gold plus Inferred resources of 361,000 ounces gold.  The gold resources are defined along a three-kilometre segment of the Norbenite-Marbanite fault zone, in and around the former Marban, Norlartic and Kierens gold mines, which collectively produced 600,000 ounces gold.  Resources potentially amenable to open pit extraction and underground extraction are summarised below:

• Estimated Open Pit Resources:

Indicated: 6.0Mt @ 1.6 g/t Au (303,000 oz)

Inferred: 4.4Mt @ 1.3 g/t Au (179,000 oz)

• Estimated U/G Resources:

Indicated: 2.1Mt @ 4.3 g/t Au (295,000 oz)

Inferred: 1.5Mt @ 3.9 g/t Au (182,000 oz)

The Marban deposit lacks sufficient shallow mineralisation, as presently defined, to allow for potential open-pit extraction although the resource model includes a significant amount of lower-grade mineralisation that could be added to the resources if shallow mineralisation can be defined in sufficient quantities to lower potential stripping ratios (refer to “Updated Mineral Resource Technical Report, Malartic Project” dated March 11, 2010, available on SEDAR).

NioGold Mining Corporation – « On Canada’s Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD.  The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec.  The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930’s and presently encompasses eight producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining).  NioGold’s land holdings within the Abitibi presently cover 115 km2 and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold.  NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources.  NioGold invites you to visit the company website at www.niogold.com.

This news release was prepared by Rock Lefrançois, P.Geo. (OGQ), the Company’s President & COO and Qualified Person as defined by National Instrument 43-101.

For information about NioGold Mining Corporation contact:
Michael A. Iverson, Chairman & CEO
miverson@niogold.com
Tel: (604) 856-9887

Dale Paruk, Vice-President
dparuk@niogold.com
Tel: (604) 662-4505
Toll-free: (877) 642-6200

Mr. Richards was previously an audit manager at a premier Canadian chartered accountant firm where he specialized in the mining industry.  Mr. Richards has significant accounting experience working with mineral exploration and development companies in Canada and throughout the world.

Mr. Richards completed a Bachelor of Management Studies degree with first class honours from the University of Waikato, New Zealand and gained his membership of the New Zealand Institute of Chartered Accountants in 2005.  In addition to audit experience, Mr. Richards is also the Chief Financial Officer of a number of other public mineral exploration and development companies.

NioGold Mining Corporation – « On Canada’s Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD.  The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec.  The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930’s and presently encompasses eight producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining).  NioGold’s land holdings within the Abitibi presently cover 115 km² and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold.  NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources.  NioGold invites you to visit the company website at www.niogold.com.

For information about NioGold Mining Corporation contact:

Under the terms of the Letter Agreement, Geomega has the option to earn up to 75% interest in the Montviel and Pump Lake properties by making a cash payment of C$100,000 to NioGold on signing of the Letter Agreement, issuing 1,500,000 shares of Geomega over a three year period following the completion of an IPO, and incurring at least C$3,350,000 in exploration expenditures over four years.

The Montviel property is located approximately 215km NNE of Val-d’Or, in the Abitibi region of Quebec, and consists of 68 mining claims covering 3,777 hectares.  The Pump Lake property is located approximately 200km SE of Val-d’Or and 100km north of Mont-Laurier, in the Upper Laurentides region of Quebec, and consists of 324 mining claims covering 18,630 hectares.  Both projects are easily accessible by gravel roads and encompass large multi-phase alkaline-carbonatite intrusive complexes.  Carbonatites are exploited for a wide variety of metals and minerals such as rare earth elements (REE), niobium-tantalum (Nb‑Ta), zirconium-hafnium (Zr‑Hf), iron-titanium-vanadium (Fe‑Ti‑V), uranium-thorium (U‑Th) and industrial minerals including apatite as a source of phosphate (P) for fertilizer.

The Montviel complex, with a core of 8km by 3km, has only been briefly explored since its discovery in 1958.  Past diamond drilling (31 holes, 4,423m) intersected potentially economic concentrations of Nb, REE and P within a central iron-magnesium-rich carbonate phase.  Best intersections include 0.31% Nb₂O₅ over 20.1m (with 0.74% Nb₂O₅ over 4.6m), 1.10% REE over 9.1m and 6.35% P₂O₅ over 107.0m.  Fifteen (15) Nb-REE-P, U-Th, Cu, Cu-Au-Ag and Fe occurrences have been uncovered on the Pump Lake property, associated with the recently recognised Lesueur complex.

Both projects are being optioned by Geomega for their untapped REE potential.  REE and other strategic metals, such as Nb and Ta, have many high technology applications where the demand for these metals is expected to grow in the near future.

The Letter Agreement is also subject to the following conditions:

• Geomega shall have completed an IPO and other private placements for a minimum amount of C$2,000,000 at the latest on September 30, 2010 or, subject to a penalty of up to 150,000 shares, on December 31, 2010;
• both parties sign a Definitive Agreement;
• Geomega shall meet the minimum listing requirements of a Tier 2 Mining Issuer pursuant to the policies of the TSX-V; and
• the transaction shall have been approved by the TSX-V.

NioGold

Mining Corporation – « On Canada’s Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD.  The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec.  The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930’s and presently encompasses eight producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining).  NioGold’s land holdings within the Abitibi presently cover 115 km² and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold.  NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold invites you to visit the company website at www.niogold.com.  For information on NioGold Mining Corporation contact:

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE TO U.S. INVESTORS

The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as ‘measured resources’, ‘indicated resources’  and  ‘inferred resources’, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F. The news release contains information about adjacent properties on which we have no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on our properties.

Mr. Ridgway is an accomplished mine developer with over 30 years of experience in the mining industry. He is a co-founder of the Gold Group, a stable of mining and exploration companies with its head office in Vancouver, Canada and presently holds the positions of President of Radius Gold Inc. and Chairman of both Fortuna Silver Mines Inc. and Focus Ventures Ltd.

During the 1990s, Mr. Ridgway and his team successfully discovered and sold two gold deposits in Honduras and Guatemala, both of which were subsequently put into production by Glamis Gold, now Goldcorp.

Over the last ten years, his list of successes has grown and the companies now under his management offer investors a range of opportunities from grass roots exploration (Radius Gold), through advanced stage definition drilling (Focus Ventures) to production and cash flow (Fortuna Silver Mines) in a wide range of commodities. Since 2003, his group has raised over CAD $300 million on the European and North American capital markets. Most recently, Fortuna Silver Mines closed a $35 million bought deal financing to fund the development of a new silver mine in Oaxaca, Mexico.

Mr. Michael Iverson, Chairman and CEO of NioGold, commented: “We are extremely pleased to welcome Mr. Ridgway to our advisory board. Mr. Ridgway will provide NioGold’s management with advice in strategic and corporate business development. His expertise will be of great assistance as the Company advances its flagship Malartic gold project in Quebec”.

NioGold Mining Corporation – « On Canada’s Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD. The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec. The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930’s and presently encompasses eight producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining). NioGold’s land holdings within the Abitibi presently cover 115 km2 and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold. NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.

For information about NioGold Mining Corporation contact:

Michael A. Iverson, Chairman & CEO Dale Paruk, Vice-President

miverson@niogold.com dparuk@niogold.com

Tel: (604) 856-9887 Tel: (604) 662-4505

Toll-free: (877) 642-6200

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE TO U.S. INVESTORS

The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as ‘measured resources’, ‘indicated resources’ and ‘inferred resources’, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F. The news release contains information about adjacent properties on which we have no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on our properties.

The on-going program is intended to locate and investigate the main strands of the Norbenite-Marbanite deformation corridor on trend to the east and west of the known gold deposits. Three major shears zones are recognized in the southeast part of the Company’s Malartic property. These structures are the main controls on gold mineralization as they host the current NI 43-101 compliant resources defined at the Marban and Norlartic-Kierens deposits (News Release: January 28, 2010) and the North Zone.

Summary of results of economic interest are provided:

Hole MB-10-101 returned an intersection of 31.2 g/t Au over 1.3 m and 5.2 g/t Au over 1.2 m at the Marban NE target, located one km northeast of the Marban deposit. The hole was drilled as a follow-up to holes MB-07-021 and MB-07-022, drilled in 2007, which returned intersections of 6.2 g/t Au over 1.2 m and 4.4 g/t Au over 1.1 m, and 4.1 g/t Au over 1.0 m and 20.7 g/t Au over 1.0 m, respectively. Gold values of economic interest at Marban NE are found in sheared or fractured mafic volcanics close to altered and mineralized porphyry intrusions. The occurrence is interpreted to represent the east extension of the North shear where limited past drilling was conducted outside the North Zone.
Hole MB-10-098 tested the extension of the Marbanite shear zone, 450 meters to the east of NioGold’s previous drilling on the Marban deposit. The hole returned a best intersection of 23.2 g/t Au over 1.2 m, opening up the potential to the east to increase the Marban resources.
Drilling identified three important shear zones containing sections of sulphide mineralization to the northwest and on trend with the Norlartic-Kierens deposits and the North and North-North Zones. Best results include: 12.4 g/t Au over 1.8 m (MH-09-014), 5.5 g/t Au over 1.0 m (MH-09-016) and 6.9 g/t Au over 1.1 m (MH-09-018).
“Our initial exploration targeting was markedly accurate in tracing the main strands of the Norbenite-Marbanite away from the known gold deposits despite local structural complexities. These structures remain strong to the east and west and generally enclose zones of alteration, vein stockwork, sulphide mineralization, and locally intruded by swarms of porphyry intrusions, characteristic of productive segments along the major deformation corridors in the district. Results to date returned thick sections of anomalous gold mineralization and some higher grade intersections of economic interest,” comments Rock Lefrancois, NioGold President & COO. “We have budgeted for 20,000 meters of drilling for 2010 as a first pass exploration program along this prospective deformation zone.”

Technical Info, QA/QC and Qualified Persons

Reported intervals are in core lengths but are inferred to be close to true width (except where structural complexities occurred) as the holes were drilled near perpendicular to the principal local structural orientation.

Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes of the mineralized zones. The core was sealed and delivered by the drilling contractor to NioGold’s facilities located at the Norlartic mine site. The core was photographed for reference, logged and mineralized sections were sawed in half. Sample lengths vary between 0.5 to 1.5 meters. Half core samples were bagged, sealed and delivered to ALS Chemex in Val-d’Or, Quebec, an accredited laboratory. The remaining core is stored on site for reference. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split.

A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to ensure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and field duplicates in the sample batches sent to the laboratory and a systematic re-assaying of samples returning values above 2 g/t Au by the fire-assay method using a gravimetric finish. As well, pulps grading above 0.5 g/t Au are sent to Bourlamaque Assay Laboratories Ltd. in Val-d’Or for check assaying.

The drilling programs are being conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), also a Qualified Person as defined by National Instrument 43-101.

NioGold Mining Corporation – On Canada’s Golden Highway

NioGold Mining Corporation is a mineral exploration company focused on GOLD. The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec. The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930s and presently encompasses eight producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining). NioGold’s land holdings within the Abitibi presently cover 115 km2 and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold. NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources. NioGold invites you to visit the company website at http://www.niogold.com.

This news release was prepared by Rock Lefrancois, P.Geo. (OGQ), the Company’s President & COO and Qualified Person as defined by National Instrument 43-101.

The NioGold Mining Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7112

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE TO U.S. INVESTORS

The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as ‘measured resources’, ‘indicated resources’ and ‘inferred resources’, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F. The news release contains information about adjacent properties on which we have no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on our properties.

Dear shareholders,

The management of NioGold Mining Corp. (Other OTC:NOXGF – News) (TSX-V:NOX – News) (Frankfurt:NG1 – News) would like to take this opportunity to provide its investors with recent key developments in Quebec.

Malartic project NI 43-101 compliant gold resources now total 600,000 ounces Indicated plus 360,000 ounces Inferred
Substantial near surface lower-grade gold mineralization, not included in the current resources, warrant further evaluation for open-pit potential
Exploration drilling on trend intersected wide mineralized shear zones
Salient results from the exploration drilling completed to date are expected to be released in the upcoming weeks
Acquired a strategic stake in an evolving new gold play in southern Quebec
Malartic project

The Company reached a major milestone with the release of the latest NI 43-101 compliant resource estimates that confirm 600,000 ounces of gold in the Indicated category in addition to 360,000 ounces in the Inferred category (News Release: January 28, 2010). Total project ounces in the ground amount to 1,130,000 when historic ounces of 170,000 are included. These historic ounces have not yet been confirmed by the Company under NI 43-101 standards and regulations.

Management believes the current resources could be greatly increased through comprehensive development drilling. The Company plans to further evaluate the shallow mineralization for potential open-pit extraction. Four (4) important gold mineralized shear zones (faults) are recognized on the land holdings. Since September, exploration drilling was directed at tracing these prospective structures to the northwest and on trend with the known gold deposits.

Nicolet-South project

NioGold recently signed a Letter of Intent to acquire a 100% interest in a strategic large land position in the Thetford Mines area, situated in the southern Quebec Appalachian region. Canada’s first placer gold rush occurred there in the 1850’s and the region is presently enjoying a major staking rush. The Company plans a first prospecting campaign on the grounds during the upcoming summer.

New Brand Identity – Coming Soon!

You may have noticed our logo has changed. This is a small preview of the new brand identity and website which are currently under development. The new look represents the evolution and continued progress we are making at NioGold. The unveiling of the new website is targeted to coincide with the PDAC 2010 convention held in Toronto from March 7 to 10.

The NioGold Mining Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7112

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE TO U.S. INVESTORS

The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this Presentation, such as ‘measured resources’, ‘indicated resources’ and ‘inferred resources’, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F. The News Release contains information about adjacent properties on which we have no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on our properties.

Thetford Mines, and in general the Eastern Townships, situated in the southern Quebec Appalachian Belt, have a century long mining history for chromite, asbestos and copper. The region was the site of Canada’s first placer gold rush in the 1850’s, decades before the Klondike. Despite the fact that several gold occurrences were discovered in volcanic, intrusive and sedimentary rocks, no major bedrock sources were uncovered to account for the placer gold.

The Thetford Mines area is presently enjoying a major staking rush rumoured to be the result of gold discoveries in sedimentary formations together with felsic volcanic and/or intrusive complexes.

The Nicolet-South property is interpreted to cover sedimentary and volcano-sedimentary assemblages of the St-Daniel Mélange, bordering the Thetford Mines Ophiolite Complex. The project area was worked for base and precious metals by a number of individuals and companies since the early 1900’s up until the 1960’s. The work included prospecting, grab sampling, trenching, limited diamond drilling and artisanal mining. The claims cover mineral occurrences with documented values of up to 2.2 grams per tonne gold, 203 grams per tonne silver, and 7.6% copper in rock samples and up to 77 grams per tonne gold in stream sediment heavy mineral concentrates (source: Ministry of Natural Resources of Quebec).

“We acquired the land for its geological environment favourable to host disseminated sediment-hosted gold mineralisation. Sedimentary formations in Quebec have been overlooked in the past for their gold potential but are now strong contributors to major new gold deposits in the Province, such as Canadian Malartic (Osisko Mining) and Éléonore (Goldcorp),” said Rock Lefrançois, NioGold President & COO. “We intend to be part of this new Appalachian gold play.”

Under the terms of the LOI, NioGold can earn a 100% interest in the claims by paying C$40,000 and issuing 500,000 common shares to the vendor on the signing of a definitive option agreement, subject to a four month hold period from their date of issuance, and incurring at least C$500,000 of exploration and development expenses within three years. The vendor retains a 2% net smelter returns royalty (NSR) on the claims. The NSR is subject to a buy-back clause, whereby NioGold can purchase 1% for C$1,000,000 at any time. Registration of the claims by the Quebec government is still pending, but should be confirmed shortly. The transaction is subject to the approval of the TSX Venture Exchange.

NioGold Mining Corporation – « On The Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD. The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec. The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930’s and presently encompasses seven producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining). NioGold’s land holdings within the Abitibi presently cover 115 km2 and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold. NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.

This news release was prepared by Rock Lefrançois, P.Geo. (OGQ), the Company’s President & COO and Qualified Person as defined by National Instrument 43-101. For information on NioGold Mining Corporation contact:

Michael A. Iverson, Chairman & CEO
miverson@niogold.com
Tel: (604) 856-9887

Dale Paruk, Vice-President
dparuk@niogold.com
Tel: (604) 662-4505
Toll-free: (877) 642-6200

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

Val-d’Or Quebec: NioGold Mining Corporation (TSX-V:NOX, Frankfurt:NG1) announced today that gold resources at the company’s Malartic Project in northwestern Quebec have increased significantly as a result of new drilling and detailed modeling by Mine Development Associates (“MDA”) of Reno, Nevada.  Indicated resources for the Malartic Project now total 598,000 ounces (730% increase), while Inferred resources have increased to361,000 ounces (34% increase).  The gold resources are defined along a three-kilometre segment of the Norbenite-Marbanite fault zone, in and around the former Marban, Norlartic and Kierens gold mines, which collectively produced 600,000 ounces gold.

MDA estimated the gold resources in accordance with National Instrument 43-101 (“NI 43-101″) Standards of Disclosure for Mineral Projects using two unique gold grade cut-offs:

1)       A 0.5 g/t Au cut-off grade was applied to tabulate diluted Norlartic and Kierens resources located in the upper 200 metres from surface, which can reasonably be considered available for potential open-pit extraction, and a

2)      2.5 g/t Au cut-off was applied to tabulate the deeper undiluted Norlartic and Kierens resources lying below 200 metres vertical depth from surface, as well as all of the Marban resources, that would reasonably require underground extractive methods.

The gold resources, subdivided into the Norlartic-Kierens and Marban deposits, are tabulated below (resources at reportable cut-offs are highlighted in bold print; additional cut-offs are also provided in order to provide grade-distribution information, as well as to account for economic conditions other than those envisioned by the cut-offs used for reporting purposes):

Norlartic-Kierens Resources

Norlartic-Kierens Resources

Marban Resources

Historic Resources

In addition to the resources tabulated above, historical resources of 170,000 ounces of gold are defined in close proximity to the Norlartic and Kierens deposits; this mineralisation has not been fully evaluated by NioGold at this time.  In 1989, Aur Resources estimated the following historical resources:

• 136,080 tonnes @ 6.86 g/t Au (30,000 ounces gold) at the North Zone;
• 254,016 tonnes @ 8.57 g/t Au (70,000 ounces gold) in Gold Hawk Veins #1 and #2; and
• 754,386 tonnes @ 2.85 g/t Au (70,000 ounces gold) at the North-North Zone.

These estimates are historical in nature, may not be compliant with NI 43-101, and should not be relied upon.

“Our work has proven that the southwest portion of the Malartic land holdings covers a much larger gold mineralised system than previously known, where over 1.5 million ounces has been mined or defined to date,” said Rock Lefrançois, NioGold’s President & COO.  ”A good portion of the Norlartic-Kierens resources are near surface mineralisation potentially amenable to open pit mining.  As well, the Marban gold system, traced over 1.4 kilometres, holds substantial lower-grade mineralisation within the upper 250 metres from surface that deserves further evaluation at higher gold prices.”  Lefrançois noted that the deposits remain open to expansion, notably at depth, as large gold deposits in the district are known to extend to depth in excess of 1,000 metres.

“We are very confident that we can increase the ounces with in-fill and step-out drilling,” added Lefrançois. “We intend to fully explore the twenty-kilometre length of the Norbenite-Marbanite fault zone that we control.”

Technical Information on Resource Estimate and Qualified Person

NioGold completed sectional geologic and mineralised zone interpretations on cross sections spaced at 12.5-metre intervals across the 1.4-kilometre extent of the Marban gold mineralised system included in the resource estimation.  MDA used the NioGold sections as the geological foundation for interpreting gold mineral domains using data from 1,489 surface and underground drill holes on a total of 221 vertical sections spaced at six-metre intervals across the deposit.  This detailed modeling has helped to elucidate and define the structural setting of the Marban deposit.

Gold mineralisation at Marban occurs within a number of mineralised shear zones within the mafic volcanic ‘Mine Sequence’, which has been deformed into relatively tight folds that are characterised by sub-horizontal fold axes.  These folds most commonly occur between depths of -100 to -250 metres below the surface.  The mineralised shears are folded along with the host mafic volcanic units, but gold mineralisation extends for significant distances outward from the folds.

The mineral resources at the Norlartic and Kierens deposits, first reported on June 28, 2007, were updated by incorporating data from additional historic holes that NioGold recovered from its archives and several NioGold drill holes that were not included in the 2007 estimate.  A total of 417 surface and underground holes at Kierens and 1,287 holes at Norlartic were used in the mineral resource estimations.  In addition, the new Norlartic modeling includes a significant extension along strike of the Norbenite Shear to the northwest, towards the Kierens deposit.  This new portion of the Norlartic deposit that has been incorporated into the updated modeling includes important shallow mineralisation that may be amenable to open-pit extraction.

Three-dimensional rectification of the Norlartic and Kierens gold mineral domains on level plans, spaced at three-meter intervals along the full vertical 1,360-metre horizontal and 630-metre vertical extent of the presently defined gold mineralisation, was incorporated into the updated modeling.  This detailed modeling allowed significant portions of the Norlartic and Kierens resources to be upgraded from the Inferred classification to Indicated.  The mineral resources are localised in proximity to Norlartic and Kierens underground mine workings, from which over 260,000 ounces of gold have been collectively produced.  A void model of these underground workings was incorporated into the resource modelling, and all mineralisation within the void model is excluded from the mineral resources.

The Norlartic and Kierens gold deposits are localized within the Norbenite Shear, an important northwest-southeast striking and moderately to steeply northeast dipping deformation zone that traverses the Malartic project.  Gold mineralisation is closely associated with altered and pyrite mineralised intermediate intrusions cutting sheared mafic and ultramafic volcanic (chlorite and talc-chlorite schists).

The Marban, Norlartic and Kierens mineral resource estimates were prepared by independent consultants Mine Development Associates of Reno, Nevada, under the supervision of Michael M. Gustin, Ph.D., P.Geo., in accordance with NI 43-101 Standards of Disclosure for Mineral Projects.

Gold resources at Marban, Norlartic and Kierens were modelled and estimated by:

• evaluating the drill data statistically;
• constructing geologic and mineral domains on vertical cross-sections, as well as horizontal plans in the case of Norlartic and Kierens, that span the extents of the structures comprising the mineralisation included in the resource estimates;
• carrying out geostatistical analyses to establish estimation parameters; and
• estimating gold grades into three-dimensional block models comprised of 2-metre (perpendicular to strike) by 5-metre (along strike) by 2-metre (vertical) blocks at Marban and 3-metre by 3-metre by 3-metre blocks at Norlartic and Kierens.

All modelling of the resources was performed using Gemcom Surpac® mining software.  Grade interpolation was by inverse-distance-cubed, which was constrained by the modelled mineral domains.  A density of 2.77 g/cm³ was assigned to the Marban mineralisation and 2.75 g/cm³ to the Norlartic and Kierens mineralisation.  Interpolation results were checked by ordinary Krieg and nearest-neighbour estimations, as well as by visual inspection and various statistical methods.

The complete NI 43-101 compliant report will be filed on SEDAR as soon as it is made available to NioGold by Mine Development Associates.

NioGold Mining Corporation – « On The Golden Highway »

NioGold Mining Corporation is a mineral exploration company focused on GOLD.  The Company’s flagship projects are located in the Cadillac – Malartic – Val-d’Or stretch of the prolific Abitibi gold mining district, Quebec.  The Cadillac – Malartic – Val-d’Or area has produced over 45M ounces of gold since the 1930’s and presently encompasses seven producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining).  NioGold’s land holdings within the Abitibi presently cover 115 km² and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold.  NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources.  NioGold invites you to visit the company website at www.niogold.com.

This news release was prepared by Rock Lefrançois, P.Geo. (OGQ), the Company’s President & COO and Qualified Person as defined by National Instrument 43-101.  For information on NioGold Mining Corporation contact:

Michael A. Iverson, Chairman & CEO                                    Dale Paruk, Vice-President

miverson@niogold.com dparuk@niogold.com

Tel: (604) 856-9887                                                          Tel: (604) 662-4505

Toll-free: (877) 642-6200

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

NioGold Mining Corporation « The Golden Highway Runs Through NioGold »

NioGold Mining Corporation is a junior exploration company primarily focused on GOLD. The Company’s main properties are the Marban Block, Malartic Hygrade, Malartic H, Camflo West and Siscoe East, all located in the Malartic and Val-d’Or gold mining camps, Abitibi region of Quebec. The camps have produced over 27 million ounces of gold and presently encompass several active advanced exploration and mine development projects such as Canadian Malartic (Osisko Exploration), Kiena (Wesdome), Midway (Northern Star Mining), Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals). The Marban Block encompasses three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced over 590,000 ounces of gold.

NioGold’s experienced and qualified technical team will ensure the successful advancement of the Company’s projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.