6.8 Metres of 4.5 g/t And 5.1 Metres of 4.6 g/t Gold Intersected At Chisna Project 

VANCOUVER, BC - Corvus Gold Inc. reported new drill results from the summer drill program at the Golden Range target area on its large Chisna Project located in south-central Alaska. The Company has been informed by its joint venture partner, Ocean Park Ventures Corp. that drill results have been received for the Notch Zone target, one of over a dozen targets within the greater Golden Range Target region.

Highlights include 15.8 metres at 3.2 g/t gold (including 6.8 metres of 4.5 g/t gold) in drill hole GR-11-09 and 17 metres at 2 g/t gold (including 5.1 metres at 4.6 g/t gold) in drill hole GR-11-15. Results indicate that gold mineralization found at surface continues down dip for at least 250 metres.

Exploration at Golden Range has now defined a 12 kilometre long area with a number of highly prospective gold zones with quartz-sulphide mineralization in veins and shear zones that have returned numerous surface samples over 10 g/t gold. The Notch Zone represents a particularly interesting target with a mapped strike length of 1 kilometre and many surface rock samples with grades in excess of 10 g/t gold over a strike length of 900 metres.

Surface mapping and trench sampling at the Notch Zone has shown that mineralization is hosted in a shear zone 40-60 metres thick which dips 40-50 degrees to the south. The entire zone is altered and mineralized with higher grade zones of quartz-arsenopyrite restricted to specific intervals within the larger structural zone. At the Notch Zone a total of seven holes, totalling 1674 metres, and four trenches, totalling 104 metres, were completed.

Trench EN-TR-01 encountered 47 metres with an average grade of 1 g/t gold including 5 metres of 3.4 g/t gold. Trench EN-TR-02, near the footwall of the shear, had only weak mineralization associated with alteration but trench EN-TR-03, near the hangingwall of the shear, returned 10 metres of 6.5 g/t gold including an interval of 5 metres of 13.2 g/t gold. Trench NO-TR-01 on the western extension of the structure was 16 metres long and had only low grade mineralization.

A series of holes was drilled to test the down dip extension of the surface shear zone. Hole GR-11-09 encountered 16 metres of 3 g/t gold including 7 metres of 4.5 g/t gold with several other intervals of significant grade in a 60 metre thick shear zone. Similarly, hole GR-11-15 encountered 17 metres of 2 g/t gold including 5 metres of 4.6 g/t gold also in a 60 metre wide zone of alteration. Unfortunately holes GR-11-10 and GR-11-12 encountered a significant fault zone and were lost before hitting the mineralized zone. Holes GR-11-13 and GR-11-14 in the western extension both encountered 10s of metres of continuous low grade mineralization.

Jeffrey Pontius, Chairman and CEO said, These drill results show that gold mineralization in the Notch Shear continues for at least 250 metres down dip and that the high grades encountered at the surface can be found at depth. At present, a detailed structural analysis is underway to better predict the distribution of higher grades zones within the larger shear zone at the Notch Zone. In addition, the other high-grade gold targets in the Golden Range area are being further analyzed and drill targeting is underway.

The Chisna Project is focused on a new and emerging Alaskan gold and copper-gold porphyry belt of deposits with copper and gold mineralization associated with mid-Cretaceous intrusions of similar age to the Pebble deposit to the west and Orange Hill deposit to the east.

Corvus and its predecessor-in-title, International Tower Hill Mines Ltd., began exploration on the project in 2006 and discovered the Grubstake porphyry copper system in 2007. Beginning in 2010, the Chisna project is being operated as a joint venture between Raven Gold Alaska Inc. and Ocean Park Alaska Corp., with Ocean Park earning 51% by contributing US$20 million in exploration expenditures over a 5 year period, thereby providing Corvus with a no-cost assessment of this belt. Ocean Park may earn an additional 19% by producing a bankable feasibility that delineates a mining project on the Chisna property that produces at least 300,000 gold equivalent ounces per year.

The company’s address is Suite 2300, 1177 West Hastings St., Vancouver, BC V6E 2K3, 604-638-3246, email: [email protected].