Corvus Gold Inc. is engaged in the acquisition and exploration of gold-related mineral properties located in Alaska, Nevada and Quebec through a mix of internal and partner funded work with significant carried interest and royalty exposure.  As a spin off of International Tower Hill Mines, the company currently holds four prospective projects in Alaska, one project in Nevada and one project in Quebec ranging from early stage to advanced exploration.  Two of these projects have current National Instrument 43-101 compliant estimated Indicated and Inferred resources.

Corvus Gold has emerging gold producer potential highlighted by its 100% North Bullfrog Project in Nevada.  A preliminary economic assessment (PEA) of the +1.6M oz. gold resource shows an economically robust project that is highly leveraged to the price of gold.  The PEA shows that the current resource will produce an average of 57,700 ounces of gold over 12.8 years at an average cash operating cost of $673/oz. gold.  Given the price of gold at $1,700/oz. and a total initial total capex of $68.8M, the project will result in an NPV (5%) of $338M and an IRR of 70% with a 1.2 year payback.  The potential of the project is further highlighted in the possibility of significant resource expansion with the ongoing 2012 exploration program.  Recent step out holes have hit mineralization several hundred metres outside the current known resource with further planned drilling to occur in 2012.