Corvus Gold Appoints Carl Brechtel as Chief Operating Officer and Retains Quentin Mai for Investor Relations Support

May 29, 2012

Vancouver, B.C‶‶..Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces the appointment of Carl Brechtel as the Company’s new Chief Operating Officer, effective immediately. Mr. Brechtel has over 35 years of mining industry experience and specializes in the design and development of both open pit and underground projects. Mr. Brechtel’s recent experience includes serving as Manager of Project Development for Corvus and as President and Chief Operating Officer for International Tower Hill Mines Ltd. Additional experience includes senior management positions with AngloGold Ashanti Limited at various mining projects around the world. Mr. Brechtel’s primary focus will be on the ongoing development of the Company’s potential near-term mining project at its North Bullfrog project in Nevada. In addition, he will oversee the Company’s interests on the Terra project in Alaska where the operating JV partner has advised it intends to begin pilot scale milling operations and potentially gold production this summer as well as initial underground development of the deposit.

Due to the recent developments at the Company’s North Bullfrog project and increase in investor activity, the Company has retained Quatloo Investment Management Inc. to provide additional investor relations support to the Company. Quatloo’s principal is Mr. Quentin Mai, who has over 16 years of investor relations experience including playing key roles with groups such as First Quantum Minerals Ltd., Cardero Resource Corp. and International Tower Hill Mines Ltd. His extensive experience with capital markets and major resource investor groups will significantly enhance Corvus’ marketing team.

Jeff Pontius, Chief Executive Officer for Corvus, stated, “The addition of Carl Brechtel as our Chief Operation Officer positions the Company to rapidly take full advantage of our expanding North Bullfrog deposit. With a strong balance sheet, fast track development options and a strong gold price, Corvus is uniquely positioned to become a new Nevada gold producer. The addition of Quentin Mai to our marketing team will ensure the Company gets its message out to the broadest possible audience to maximize shareholder value.”

Stock Options

Pursuant to its 2011 Incentive Stock Option Plan, Corvus has granted incentive stock options to management and consultants of the Company to purchase up to an aggregate of 300,000 common shares in the capital stock of the Company. The options will vest over a three-year period and are exercisable on or before May 28, 2017, at a price of CAD 0.92 per share.

About Corvus Gold Inc.

Corvus Gold Inc. is a resource exploration company, focused in Nevada, Alaska and Quebec, which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects. Corvus is focused on advancing its 100% owned Nevada, North Bullfrog project towards a potential development decision and continuing to explore for new major gold discoveries.  Corvus is committed to building shareholder value through new discoveries and leveraging noncore assets via partner funded exploration work into carried and or royalty interests that provide shareholders with exposure to gold production.

 

On behalf of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
Chief Executive Officer

Contact Information:Â Â
Ryan Ko, Investor Relations
Email: Â info@corvusgold.com
Phone: 1-888-770-7488 (toll free) or (604) 638-3246 / Fax: (604) 408-7499

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for the development of any mine at, or any mining at or gold production from, the North Bullfrog and Terra projects, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, information with respect to the proposed activities of the Company’s joint venture partners at the Terra property has been provided by the respective joint venture partner and, as such activities are not within the control of the Company, the Company take no responsibility for the accuracy of such statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company’s latest Annual Information Form and interim Management Discussion and Analysis and filed with certain securities commissions in Canada. 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.