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New Listing Bulletin

For Immediate Release

99/09


CONTACT:

March 5, 1999

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Nevada Pacific Gold Ltd. Lists on the VSE

 

Effective at the opening on March 22, 1999, Nevada Pacific Gold Ltd. commenced trading on the Vancouver Stock Exchange. The company is classified as a "Venture" company and trades under the symbol "NPG".

Nevada Pacific Gold Ltd. was incorporated pursuant to the laws of the Province of British Columbia on March 11, 1997. The company is engaged in the business of exploring for minerals, primarily gold and silver, and acquiring, exploring and developing mineral properties in the western United States, primarily in Nevada.

The company's capitalization is 100,000,000 common shares with no par value of which 9,985,001 common shares are currently issued and outstanding, including 750,000 common shares held in escrow. Nevada Pacific Gold Ltd. has completed its initial distribution of shares to the public for total gross proceeds of $2,085,000 (3,200,000 units at $0.65 per unit). Each whole warrant entitles the holder to purchase one share at a price of $0.80 per share up to the close of business, March 22, 2000. There are 3,200,000 non-transferable half warrants issued and outstanding. Montreal Trust Company is the transfer agent and Canaccord Capital Corp. is the sponsoring Member.

The company has issued to its agent a total of 300,000 non-transferable share purchase warrants. One warrant to purchase one share at $0.80 per share up to March 22, 2000.

For further information, please refer to the Company’s Prospectus dated October 9, 1998 and amended prospectus dated February 18, 1999.

NEVADA PACIFIC GOLD LTD.
David Nelson Hottman, President
Suite 250, 625 Howe Street
Vancouver, BC V6C 2T6
Telephone Number: (604) 687-4450
Fax Number (604) 687-5100

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