NioGold Mining Corp.

Symbol: TSX: NOX.V

Company News:

Montviel Nb-REE property

The Montviel property is located in the Northern Abitibi of Quebec, 200 km due north of Val-d’Or, and consists of 68 mining claims covering 3,800 hectares.

The property encompasses the Montviel alkaline-carbonatite intrusive complex that has only been briefly explored since its discovery by Jowsey Mining in 1958 while drilling for base metals on a geophysical target.  From the limited geological data available, the complex is made up of several syenite facies forming an irregular bilobate structure around a core of carbonatite.  The carbonatite is multi-phase with distinct iron, magnesium or calcium facies and hosts mineralization in niobium, rare earth elements (REE) and phosphorus.  Economic values of all three elements were obtained by Nomans Resources during diamond drilling program completed in 2002.  From the extrapolation of the geophysical signature, the complex would extend over 8 km by 3 km making it one of the largest alkaline-carbonatite intrusive in Canada.

NioGold completed prospecting, MMI soil sampling and a high-resolution airborne geophysical survey during the 2004-06 exploration campaign.  The project is being reactivated on the basis of its untapped REE potential and plans a first phase of drilling in 2010.