Corvus Gold Increases Column Leach Gold Recovery for North Area Deposit, North Bullfrog Project, Nevada

Corvus Gold Increases Column Leach Gold Recovery for North Area Deposit, North
                           Bullfrog Project, Nevada

PR Newswire

VANCOUVER, Dec. 11, 2012

TSX: KOR OTCQX: CORVF

VANCOUVER, Dec. 11,  2012 /PRNewswire/  - Corvus  Gold Inc.  ("Corvus" or  the 
"Company") - (TSX: KOR, OTCQX: CORVF) is pleased to announce the results of  a 
series of column  leach and bottle  roll tests on  sample composites from  the 
Jolly Jane and  Sierra Blanca areas  of the  North Area deposit  at the  North 
Bullfrog Project, Nevada (Table 1).  These results from ongoing heap  leaching 
studies indicate higher overall gold recovery rates than the 68% used for  the 
Jolly Jane area of the Company's latest Preliminary Economic Assessment  (PEA) 
released on December 6^th (Corvus Gold PEA Outlines Two Stage Development  and 
Near Term  Production  Strategy  for  North  Bullfrog  Gold  Project,  Nevada, 
December 6, 2012). The new data continues to support the trend of  increasing 
overall leach recoveries for the North Bullfrog project in general.

Mid-term column leach data for the Jolly Jane area has not only returned  gold 
recoveries higher than previously estimated but like other test data indicates
that a high percentage of the soluble  gold as predicted from the bottle  roll 
tests is  recoverable.  Currently,  column recoveries  are  calculated  using 
assayed heads. At the completion of  the column tests, residue assays will  be 
taken and final gold recoveries for each of the columns will be calculated. In
the interim, this ongoing  column leach data  can be compared  to the 96  hour 
bottle roll  tests  (Table  2)  which have  indicated  high  recovery  of  the 
contained gold  (76-88%) for  particles  ≤ 200  mesh  (0.075 mm)  and  relates 
closely with the  ongoing column test  data on the  -19 mm material  (46-85%). 
This early recovery data  continues to support the  high gold leachability  of 
the North  Areas oxide  mineralization. The  full impact  of this  increasing 
recovery data  will  be  integrated  into  the  Company's  upcoming  Mayflower 
Feasibility Study due in  the first quarter  of next year  and the North  Area 
Feasibility Study scheduled for completion in early 2014 once the columns  are 
complete and final recovery data is obtained.

New Sierra Blanca 96 hour bottle roll test results also confirm high  recovery 
of contained  gold  (72-94%) for  particle  sizes  <200 mesh  (0.075  mm)  and 
indicate that the gold is highly soluble for leach extraction (Table 3). Given
the high correlation between soluble gold  at a partial size <200 mesh  (0.075 
mm) in the  96 hour bottle  roll tests and  that from the  longer term  column 
tests at the currently projected crush size of 19mm (-3/4 inch) these  results 
are encouraging. Large diameter column leach tests on Savage Valley and Sierra
Blanca from PQ core composite samples are ongoing, and will be completed  next 
year ahead of the planned North Area Feasibility Study.

Carl Brechtel,  COO of  Corvus,  stated: "The  current gold  recovery  results 
continue to be very encouraging and fully support process assumptions used  in 
our Mayflower and North Area mining  plans. These results continue to  enhance 
the  North  Bullfrog  project  and  support  the  significant  potential   for 
developing Nevada's next new gold mine."

                                   Table 1
Jolly Jane PQ Core Composite Samples, Phase I Drilling, North Bullfrog Project
 Preliminary, Mid-term, Gold Recovery in Column Leach Tests at 63-68 days of
           Leach Time Nominal Particle Size 87% -19 mm (-3/4 inch)

                JJ PQ 1 JJ PQ 2 JJ PQ 3 JJ PQ 4 JJ PQ 5
% Gold Recovery*   77%     56%     76%     72%     73%

*-based on Au head assay

                                   Table 2
   Jolly Jane PQ Core Composite Samples , Phase I Drilling, North Bullfrog
   Project Gold Recovery (%) in 96 hr Bottle Roll Tests at Varying Nominal
                                Particle Sizes

Sample  80% - 0.075 mm 80% - 1.7 mm 80% - 6.3 mm 87% -19 mm
JJ PQ 1     75.6%         85.6%        86.0%       85.2%
JJ PQ 2     81.1%         72.1%        61.4%       46.7%
JJ PQ 3     86.6%         80.9%        78.2%       70.1%
JJ PQ 4     87.8%         77.7%        70.3%       66.9%
JJ PQ 5     84.3%         81.3%        76.5%       72.8%

                                   Table 3
  Sierra Blanca PQ Core Composite Samples, Phase I Drilling, North Bullfrog
   Project Gold Recovery (%) in 96 hr Bottle Roll Tests at Varying Nominal
                                Particle Size

Sample  80% - 0.075 mm 80% - 1.7 mm 80% - 6.3 mm 89% -19 mm
SB PQ 1     88.0%         81.5%        69.0%       63.1%
SB PQ 2     93.7%         89.2%        84.8%       77.8%
SB PQ 3     71.6%         66.3%        58.4%       59.6%
SB PQ 4     92.8%         89.5%        86.5%       81.5%
SB PQ 5     85.9%         81.0%        74.6%       79.2%
SB PQ 6     94.2%         93.1%        90.7%       90.1%
SB PQ 7     90.0%         87.0%        84.2%       81.6%

About the North Bullfrog Project, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately
68 square kilometres in  southern Nevada just north  of the historic  Bullfrog 
gold mine formerly  operated by Barrick  Gold Corp. The  property package  is 
made up  of a  number of  private mineral  leases of  patented federal  mining 
claims and 758 federal  unpatented mining claims.  The project has  excellent 
infrastructure, being adjacent to a major highway and power corridor.

The project currently  includes numerous  prospective gold  targets with  four 
(Mayflower, Sierra Blanca, Jolly Jane and Connection) containing an  estimated 
Oxidized Indicated Resource of 27 Mt at an average grade of 0.28 g/t gold  for 
246,810 ounces of gold and an Oxidized  Inferred Resource of 234.5 Mt at  0.18 
g/t gold for 1,387,870 ounces  of gold (both at a  0.1 g/t gold cutoff),  with 
appreciable silver credits. Unoxidized  Inferred mineral resources are  221.6 
Mt at 0.19 g/t for 1,361,000 ounces of gold (at a 0.1 g/t gold cutoff).

Mineralization occurs in two primary forms: (1) broad stratabound bulk-tonnage
gold zones  such  as  the  Sierra  Blanca and  Jolly  Jane  systems;  and  (2) 
moderately thick zones of high-grade gold and silver mineralization hosted  by 
structural zones with breccias and quartz-sulphide vein stockworks such as the
Mayflower and Yellowjacket  targets. The  Company is  actively pursuing  both 
types of mineralization.

A video of the North Bullfrog project showing location, infrastructure access,
and  2010  winter  drilling   is  available  on   the  Company's  website   at 
http://www.corvusgold.com/investors/video/.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius  (CPG 11044),  a qualified  person as  defined by  National 
Instrument 43-101,  has  supervised  the preparation  of  the  scientific  and 
technical information (other than the  resource estimate) that form the  basis 
for this news release and has approved the disclosure herein. Mr. Pontius  is 
not independent  of Corvus,  as he  is the  CEO and  holds common  shares  and 
incentive stock options.

Carl E. Brechtel,  PE, a qualified  person as defined  by National  Instrument 
43-101, is  responsible  for  planning  and execution  of  the  technical  and 
engineering studies at North Bullfrog, and has prepared this news release.  He 
approves the disclosure  herein. He  has over 30  years of  experience in  the 
mining industry,  is  a registered  professional  engineer in  the  States  of 
Colorado and Nevada, and is  a Registered Member of  SME. Mr. Brechtel is  not 
independent of Corvus, as he is the COO and holds common shares and  incentive 
stock options.

Mr. William J. Penstrom, Jr., a  consulting process engineer and President  of 
Pennstrom Consulting, Inc. has acted at  the Qualified Person, as defined  by 
NI 43-101, for evaluation  of the metallurgical testing  data. He has over  30 
years of experience in mineral process  design and operation, and has been  an 
independent process and  metallurgical consultant for  the mining industry  fo 
the last  10 years.  He  is a  Registered Member  of  the Society  of  Mining, 
Metallurgy and Exploration (SME Member # 2503900). Mr. Pennstrom and Pennstrom
Consulting Inc. are both independent of the Company under NI 43-101.

Mr. Gary  Giroux,  M.Sc., P.  Eng  (B.C.), a  consulting  geological  engineer 
employed by Giroux  Consultants Ltd., has  acted as the  Qualified Person,  as 
defined in  NI  43-101,  for  the Giroux  Consultants  Ltd.  mineral  resource 
estimate. He  has  over 30  years  of experience  in  all stages  of  mineral 
exploration, development and production.  Mr. Giroux specializes in  computer 
applications in ore reserve estimation, and has consulted both nationally  and 
internationally in this field. He  has authored many papers on  geostatistics 
and ore reserve estimation  and has practiced as  a Geological Engineer  since 
1970 and provided geostatistical  services to the  industry since 1976.  Both 
Mr. Giroux and Giroux Consultants Ltd. are independent of the Company under NI
43-101.

The work program  at North  Bullfrog was  designed and  supervised by  Russell 
Myers (CPG  11433), President  of Corvus,  a Qualified  Person defined  by  NI 
43-101, by  and Mark  Reischman, Corvus  Nevada Exploration  Manager, who  are 
responsible for all aspects of the work, including the quality control/quality
assurance program. On-site personnel at the project log and track all  samples 
prior to sealing and shipping. Quality  control is monitored by the  insertion 
of blind certified standard  reference materials and  blanks into each  sample 
shipment. All resource sample shipments are  sealed and shipped to ALS  Chemex 
in Reno, Nevada, for preparation and then on to ALS Chemex in Reno, Nevada, or
Vancouver, B.C., for assaying. ALS  Chemex's quality system complies with  the 
requirements for the International Standards ISO 9001:2000 and ISO 17025:1999.
Analytical accuracy and  precision are  monitored by the  analysis of  reagent 
blanks, reference  material  and replicate  samples.  Finally,  representative 
blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third
party laboratory for additional quality control. McClelland Laboratories  Inc. 
prepared  composites  from  duplicated  RC  sample  splits  collected   during 
drilling. Bulk  samples  were  sealed  on site  and  delivered  to  McClelland 
Laboratories Inc. by ALS Chemex or Corvus personnel. All metallurgical testing
reported here was conducted or managed by McClelland Laboratories Inc.

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 of early-stage  to advanced  gold projects. Corvus  is committed  to 
building shareholder  value  through  new  discoveries  and  leveraging  those 
discoveries 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,
Chairman and Chief Executive Officer

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  any 
mining or production at North  Bullfrog, the potential for the  identification 
of  multiple  deposits  at  North  Bullfrog,  the  potential  for  a  low-cost 
run-of-mine heap leach operation at North Bullfrog, the potential for there to
be a  low strip  ratio in  connection with  any mine  at North  Bullfrog,  the 
potential for the existence  or location of  additional high-grade veins,  the 
proposed completion of one or more feasibility studies for the North  Bullfrog 
project, the potential for additional resources to be located between  certain 
of the existing deposits, the potential  for the Company to secure or  receive 
any royalties in the future, 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. 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 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.

Cautionary Note Regarding References to Resources and Reserves

National Instrument 43 101 - Standards of Disclosure for Mineral Projects ("NI
43-101") is a rule developed  by the Canadian Securities Administrators  which 
establishes standards for all public disclosure an issuer makes of  scientific 
and technical  information  concerning  mineral  projects.  Unless  otherwise 
indicated, all resource estimates contained in or incorporated by reference in
this press release  have been prepared  in accordance with  NI 43-101 and  the 
guidelines set  out  in  the  Canadian Institute  of  Mining,  Metallurgy  and 
Petroleum (the  "CIM") Standards  on Mineral  Resource and  Mineral  Reserves, 
adopted by the CIM Council on November 14, 2004 (the "CIM Standards") as  they 
may be amended from time to time by the CIM.

United States shareholders are cautioned that the requirements and terminology
of NI 43-101 and the CIM Standards differ significantly from the  requirements 
and terminology of  the SEC  set forth  in the  SEC's Industry  Guide 7  ("SEC 
Industry  Guide  7").  Accordingly,   the  Company's  disclosures   regarding 
mineralization may  not  be comparable  to  similar information  disclosed  by 
companies subject to SEC  Industry Guide 7.  Without limiting the  foregoing, 
while the terms "mineral resources", "inferred mineral resources",  "indicated 
mineral  resources"  and  "measured  mineral  resources"  are  recognized  and 
required by NI 43-101 and  the CIM Standards, they  are not recognized by  the 
SEC and  are not  permitted to  be used  in documents  filed with  the SEC  by 
companies subject to SEC  Industry Guide 7. Mineral  resources which are  not 
mineral reserves do not have demonstrated economic viability, and US investors
are cautioned not to assume  that all or any part  of a mineral resource  will 
ever be converted  into reserves.  Further, inferred resources  have a  great 
amount of uncertainty  as to their  existence and  as to whether  they can  be 
mined legally or economically. It cannot be  assumed that all or any part  of 
the inferred resources will ever be  upgraded to a higher resource  category. 
Under Canadian rules, estimates of inferred mineral resources may not form the
basis of a feasibility study or  prefeasibility study, except in rare  cases. 
The SEC normally only permits issuers  to report mineralization that does  not 
constitute SEC Industry Guide 7  compliant "reserves" as in-place tonnage  and 
grade without reference to unit amounts.  The term "contained ounces" is  not 
permitted under the rules of SEC Industry Guide 7. In addition, the NI 43-101
and CIM Standards definition of a "reserve" differs from the definition in SEC
Industry Guide 7. In SEC Industry Guide 7, a mineral reserve is defined as  a 
part of a mineral deposit which could be economically and legally extracted or
produced at the time the mineral reserve determination is made, and a  "final" 
or "bankable" feasibility study is required to report reserves, the three-year
historical price is used  in any reserve or  cash flow analysis of  designated 
reserves and the primary environmental analysis  or report must be filed  with 
the appropriate governmental authority.

Caution Regarding Adjacent or Similar Mineral Properties

This news release  contains information  with respect to  adjacent or  similar 
mineral properties in respect of which  the Company has no interest or  rights 
to explore  or  mine.  The  Company advises  US  investors  that  the  mining 
guidelines of the US Securities and Exchange Commission (the "SEC") set  forth 
in the  SEC's Industry  Guide 7  ("SEC Industry  Guide 7")  strictly  prohibit 
information of  this  type in  documents  filed  with the  SEC.  Readers  are 
cautioned that the Company has no interest in or right to acquire any interest
in any  such properties,  and that  mineral deposits  on adjacent  or  similar 
properties are not indicative of mineral deposits on the Company's 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.

SOURCE Corvus Gold Inc.

Contact:

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