Corvus Gold Significantly Expands High-Grade Yellow Jacket Discovery with 120 metre Step-Out Hole at North Bullfrog Project,

Corvus Gold Significantly Expands High-Grade Yellow Jacket Discovery with 120
            metre Step-Out Hole at North Bullfrog Project, Nevada

PR Newswire

VANCOUVER, July 9, 2013

Highlights: NB-13-344 - 8.3 metres @ 10.7g/t Gold (120 metre step-out)
            Including 1.2 metres @ 50.0 g/t Gold & 36.0 g/t Silver

            NB-13-341 - 116.2 metres @ 0.59 g/t Gold (70 metre step-out)
            Including 46.1 metres of 0.85 g/t Gold

TSX: KOR OTCQX: CORVF

VANCOUVER, July  9, 2013  /PRNewswire/ -  Corvus Gold  Inc. ("Corvus"  or  the 
"Company") - (TSX: KOR, OTCQX: CORVF)  announces the first drill results  from 
the Company's 2013 phase 1 drill  program on its new Yellow Jacket  high-grade 
gold-silver discovery at  the North Bullfrog  Project, Nevada. Hole  NB-13-344 
represents a 120 metre step  out to the north  of the previously defined  2012 
high-grade discovery (NR12-14, May 23, 2012). A select prioritized section of
hole NB-13-344  which intersected  vein material  with visible  gold  averaged 
10.7g/t gold  and  10.4g/t  silver  over  8.3  metres,  including  1.2  metres 
averaging 50 g/t  gold and  36 g/t  silver (the  remainder of  the drill  hole 
assays are pending).

In addition, hole NB-13-341 which represents a 70 metre step out to the  north 
of the 2012 discovery returned 0.85g/t  gold over 46 metres within an  overall 
interval of 116  metres of  0.6g/t gold (Figure  1). These  results show  the 
continuity and  geometry of  the Yellow  Jacket zone  and along  with  ongoing 
drilling that has intersected broad zones (+50m) of stockwork and  multi-stage 
veining as  far north  as  has been  drilled,  highlight the  zones  expansion 
potential.

To date 9 core holes  on the Yellow Jacket  "High-Grade" target and 7  reverse 
circulation (RC) drill holes on the  North Sierra Blanca "Starter Pit"  target 
have been completed as  part of the  initial 20,000 metre  phase of the  North 
Bullfrog 2013  drill  program  (~80  hole program).  At  Yellow  Jacket,  the 
alteration signature of the broad, ~1 g/t gold, vein system discovered in 2012
has been intersected in all  of the holes drilled  to date which represents  a 
+200 metre extension to the north.  At the North Sierra Blanca target,  broad 
zones (+50m) of strong mineralization related alteration have been intersected
in all of the drill holes drilled to  date which are on 100 metre centers  and 
represent approximately  a 500  meter step-out  from the  previously  defined 
Sierra Blanca  resource.  The  2013  drilling program  results  to  date  are 
providing strong encouragement for a possible resource expansion which will be
completed at year end following this phase of drilling.

Jeff Pontius, Chief Executive Officer, states: "These early results show that
the Yellow Jacket system has potential to expand into a major new high-grade
gold-silver vein system with potential to add significant open pit tonnage of
+1 g/t gold mineralization to the North Bullfrog mine plan. The similarity of
our recent Yellow Jacket discovery to the historic 2.6 million ounce, Bullfrog
Mine which is 8 kilometres south is very encouraging and highlights the
exceptional potential of this emerging new gold District."

Hole NB-13-341, which encountered 116 metres  of 0.6 g/t gold, and drill  hole 
NB-13-342  were  drilled   to  determine   the  geometry   of  the   stockwork 
mineralization previously identified in NB-12-127 (Figure 2). The results show
that a broad zone of stockwork mineralization is focussed in the Middle Sierra
Blanca Tuff  unit  where  multiple  faults  interact  to  form  a  horst  like 
structure.

Holes NB-13-343 (pending) and NB-13-344 define a section similar to that shown
in Figure 2. In NB-13-344 visible gold  was recognized (Figure 3) in the  core 
and as a result a  24 metre interval was  rushed for assaying. This  confirmed 
the high grade veins in the zone  with two intervals running greater than  one 
ounce per  tonne gold  (Table 1).  In this  hole, visible  gold is  frequently 
associated with silver sulphide  similar to drill  hole NB-12-138 drilled  120 
metres to the south within the some structural zone.

Table 1: Significant intercepts* from 2012 & 2013 core holes.

          From   To   Interval Gold  Silver
 HoleID    (m)   (m)    (m)    (g/t) (g/t)
NB-12-127 105.3 182.1     76.8  0.80   2.76
Including 129.0 147.5     18.6  1.67   6.50
NB-13-341  86.5 202.7    116.2  0.59   1.50
Including 112.3 158.4     46.1  0.85   2.30
NB-13-342  98.7 193.1     94.4  0.20   1.01
Including 133.3 160.0     26.7  0.34   1.00
NB-13-344 118.2 126.6     8.34 10.72  10.45
Including 118.2 119.1     0.90 32.31  41.36
Including 123.7 124.9     1.17 50.05  36.07

*Intercepts calculated with 0.1g/t cutoff and up to 1.7m internal waste.

About the North Bullfrog Project, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately
70 km²  in southern  Nevada just  north  of the  historic Bullfrog  gold  mine 
formerly operated by Barrick Gold  Corporation. The property package is  made 
up of  a number  of leased  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 Company's  independent 
consultants completed a robust positive Preliminary Economic Assessment on the
existing resource in December 2012.

The project currently  includes numerous  prospective gold  targets with  four 
(Mayflower, Sierra Blanca, Jolly Jane and Connection) containing an  estimated 
Indicated Resource of 15 Mt at an  average grade of 0.37 g/t gold for  182,577 
ounces of  gold and  an Inferred  Resource  of 156  Mt at  0.28 g/t  gold  for 
1,410,096 ounces of gold (both at  a 0.2 g/t cutoff), with appreciable  silver 
credits. 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
in structural feeder 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/. For details  with respect to  the 
assumptions underlying the current resource estimate and preliminary  economic 
analysis, see the technical report entitled "Technical Report and  Preliminary 
Economic Assessment  for the  Mayflower  and North  Mine  Areas at  the  North 
Bullfrog Project, Bullfrog Mining District, Nye County, Nevada" dated December
6, 2012 and available under the Company's profile at www.sedar.com.

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.

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,  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 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,
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 a PEA 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.

Image with caption: "Figure 1: Location of 2013 Yellow Jacket diamond drill
holes. Red traces indicate 2013 holes completed to date. Section A-B is shown
in Figure 2. For a more general location of Yellow Jacket see Figure 3. (CNW
Group/Corvus Gold Inc.)". Image available at:
http://photos.newswire.ca/images/download/20130709_C6175_PHOTO_EN_28874.jpg

Image with caption: "Figure 2: Section through drill holes NB-13-341 &
NB-13-342 illustrating distribution of stockwork veining in this area. (CNW
Group/Corvus Gold Inc.)". Image available at:
http://photos.newswire.ca/images/download/20130709_C6175_PHOTO_EN_28875.jpg

Image with caption: "Figure 3: NB-13-344 @ 124.75m: visible gold. (CNW
Group/Corvus Gold Inc.)". Image available at:
http://photos.newswire.ca/images/download/20130709_C6175_PHOTO_EN_28870.jpg

Image with caption: "Figure 4: Generalized location of Yellow Jacket in the
North Bullfrog project area. (CNW Group/Corvus Gold Inc.)". Image available
at:
http://photos.newswire.ca/images/download/20130709_C6175_PHOTO_EN_28876.jpg

Contact:

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