Corvus Gold Grants Stock Options

January 21, 2011

Vancouver, B.C...... Corvus Gold Inc. (“Corvus  or the “Company ) - (TSX: KOR) announces that, pursuant to its 2010 Incentive Stock Option Plan, it has granted incentive stock options to directors, management and consultants of the Company to purchase up to an aggregate of 390,000 common shares in the capital stock of the Company. The options are exercisable on or before January 20, 2013 at a price of $0.82 per share.

About Corvus Gold Inc.

Corvus Gold Inc. is a resource exploration company focused in Alaska and Nevada which controls a number of exploration projects representing a spectrum from early stage to the advanced gold projects. Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration into carried and or royalty interests that provide shareholders with significant exposure to gold production.

On behalf of

Corvus Gold Inc.

(signed) Jeffrey A. Pontius

Jeffrey A. Pontius,
Chairman and Chief Executive Officer

Contact Information: Shirley Zhou, Manager - Corporate Communications
Email: szhou@corvusgold.com
Phone: 1-888-770-7488 (toll free) or (604) 638-3246 / Fax: (604) 408-7499

All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.