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Nevada Gold Holdings Inc.: Rated 'Speculative Buy,' Target Price $1.00 by Beacon Equity Research

DALLAS - (BUSINESS WIRE) - Nevada Gold Holdings Inc. (OTCBB: NGHI) has been rated Speculative Buy with a price target of $1.00 by Beacon Analyst, Victor Sula, Ph.D.

The full report is available at http://www.beaconequity.com.

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In the report, the analyst writes, "Considering the historical discoveries and basin's characteristics, as well as management's expertise, we believe the Company has a good chance of reporting several major discoveries and gold reserves of approximately 4 million ounces by 2012; we assume a 30% chance that the exploration program will be successful; we assume the Company receives approximately $120 per ounce of gold, net of royalty and other payments, for a discovery; the Company's weighted average cost of capital (WACC) will range around 15%."

The Beacon analyst notes NGHI's CEO's experience, "Dave Mathewson, NGHI's CEO, president and chief geologist, has spent his entire 35-year career prospecting, exploring and developing world-class gold deposits in Nevada. … Overall, directly and indirectly, Mathewson has been responsible for the discovery of almost 25 million ounces of gold in Nevada."

Other companies in the gold industry include: Yamana Gold Inc. (NYSE: AUY), Kinross Gold Corp. (NYSE: KGC), Goldcorp Inc. (NYSE: GG) and AngloGold Ashanti Ltd. (NYSE: AU).

BeaconEquity Research Disclosure

The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor; nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity is a Web site wholly owned by BlueWave Advisors, which has been compensated thirty five thousand dollars from DC Media, a shareholder of NGHI, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures.

BeaconEquity.com
Jeff Bishop, 469-252-3505
press@beaconequity.com
www.BeaconEquity.com
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Nevada Gold Holdings Inc.
Corporate Evolutions Inc.
Sammy Delpresto, Investor Relations, 516-482-0155
info@corporateevolutions.com