Corvus Gold Continues To Increase the District Gold Potential at the North Bullfrog Project, Nevada

  Corvus Gold Continues To Increase the District Gold Potential at the North
                           Bullfrog Project, Nevada

PR Newswire

VANCOUVER, Jan. 15, 2014

Reverse Circulation Drilling Establishes Continuity and Expands Oxide
Mineralization.

TSX: KOR OTCQX: CORVF

VANCOUVER, Jan. 15,  2014 /PRNewswire/  - Corvus  Gold Inc.  ("Corvus" or  the 
"Company") - (TSX: KOR), (OTCQX: CORVF) announces assay results from the final
16 reverse circulation holes drilled in the 2013 campaign. These results  have 
expanded the broad oxide  mineralization in the Sierra  Blanca deposit in  all 
directions and up  to another  100 metres in  depth. Hole  NB-13-246, on  the 
northern extension of the Sierra Blanca  deposit, returned 21.3 metres @  0.46 
g/t gold from the surface (Figure  1). These results establish the  continuity 
of quartz stockwork mineralization found 50  metres to the east in  NB-12-242, 
which had 41.2 metres @  0.68 g/t gold from  surface, including 10.7 metres  @ 
1.3 g/t gold (NR13-27, October 24, 2013).

High silver values  in several  holes found in  the North  Sierra Blanca  area 
adjacent  to  the   Yellowjacket  deposit  suggests   the  presence  of   more 
Yellowjacket style high-grade mineralization between the two deposits. In  the 
Savage Valley area, hole NB-13-259 returned  38 metres @ 0.51g/t gold from  18 
metres depth and hole NB-13-258 returned an intercept of 11 m of 0.7 g/t  gold 
with high  tellurium  mineralization similar  to  that intercepted  a  half  a 
kilometre to the west at Air Track Hill in hole NB-13-364 (NR14-01, January 9,
2014). Corvus is still waiting for assays  on the final 10 core holes  drilled 
in 2013, most  of which are  from the  northern and western  extension of  the 
Yellowjacket deposit.

Jeff Pontius, Chief Executive Officer, stated: "These encouraging results from
our resource expansion program  have highlighted two  important points 1)  the 
large bulk tonnage oxide deposit continues to grow and remains  unconstrained, 
and 2) the  presence of broad  higher grade, high  silver, stockwork zones  is 
encouraging for finding more Yellowjacket type high-grade gold-silver  zones. 
This new data has helped outline  several new high-grade targets for our  2014 
program. As the  scale of  the District-wide  system continues  to grow,  this 
promises to be an exciting year."

North Sierra Blanca Drilling

Results from nine new RC  holes drilled on the  northern end of Sierra  Blanca 
have established good  continuity and  extended the  known mineralization  for 
about 300 metres to the north and 250 metres to the east (Table 1, Figure  1), 
thereby linking  the Sierra  Blanca deposit  with the  Yellowjacket  deposit. 
Oxidation along the ridge at Sierra  Blanca North extends for some 200  metres 
in depth, which is about 100  metres deeper than originally projected in  this 
area. As a result, the potential to  increase the tonnage of this portion  of 
the deposit has increased (Table 1).

Broad zones of disseminated mineralization, such as NB-13-244 with 77 metres @
0.25 g/t  gold, have  been found  in all  holes. High  level quartz  stockwork 
mineralization seen  at the  surface  has now  been intersected  in  drilling, 
returning higher grades  similar to  those in  the Yellowjacket  such as  hole 
NB-13-242 (41.2 metres @ 0.68 g/t  gold from surface, including 10.7 metres  @ 
1.3 g/t gold - previously reported) and hole NB-13-246 (21.3 metres @ 0.46 g/t
gold). Core holes NB-13-373, 375 and 376 (assays pending) were drilled to test
the  continuity  and  possible   grade  enhancement  at  depth   (Yellowjacket 
productive depths) of these newly discovered vein/stockwork zones.

In addition, holes NB-13-249, 250 and 251 not only demonstrate the  continuity 
of lower  grade disseminated  mineralization, but  also encountered  intervals 
with anomalously high silver to gold ratios (Table 1, Figure 1). These  values 
are characteristic of the Yellowjacket high-grade mineralization and  indicate 
that the high-grade veining extends into these areas. Drilling in 2014 will be
designed to investigate these occurrences as well.

  Table 1: Significant intercepts* from recent reverse circulation holes at
                             North Sierra Blanca.
 (All holes are vertical. Reported drill intercepts are not true widths. At
    this time, there is insufficient data with respect to the shape of the
         mineralization to calculate its true orientation in space.)

                                                  
            From     To     Interval   Gold    Silver  
 Hole ID       (m)       (m)        (m)        (g/t)     (g/t)       Comments
NB-13-244    27.4   105.2       77.7    0.25     0.87   
Including    61.0    79.3       18.3    0.36     1.12   Qtz
                                                                    stockwork
           120.4   144.8       24.4    0.16     0.44   
           207.3   246.9       39.6    0.12     0.43   oxide to
                                                                    244m
           271.3   285.0       13.7    0.14     0.69   
           327.7   335.3        7.6    0.25     0.40   
NB-13-245    12.2    82.3       70.1    0.17     0.76   
            86.9   160.0       73.2    0.21     0.80   
Including   118.9   147.8       29.0    0.32     0.66   oxide to
                                                                    210m
NB-13-246     0.0    21.3       21.3    0.46     0.61   Qtz
                                                                    stockwork
            21.3    32.0       10.7    0.14     0.46   
            32.0    47.2       15.2    0.44     0.90   Qtz
                                                                    stockwork
            47.2   106.7       59.4    0.22     0.96   
           155.4   167.6       12.2    0.14     1.43   
           172.2   181.4        9.1    0.15     0.56   oxide to
                                                                    330m
NB-13-247    25.9   111.3       85.3    0.21     0.86   
           120.4   178.3       57.9    0.21     0.55   
           256.0   291.1       35.0    0.19     0.70   oxide to
                                                                    202m
           300.2   335.3       35.0    0.18     0.40   
NB-13-248     0.0     7.6        7.6    0.14     0.59   
            19.8    36.6       16.8    0.22     1.68   
            70.1   134.1       64.0    0.18     0.69   
           187.4   216.4       29.0    0.15     0.33   oxide to
                                                                    140m
           254.5   280.4       25.9    0.16     0.69   
NB-13-249    97.5   106.7        9.1    0.07     2.27   High
                                                                    silver to
                                                                    gold
           112.8   144.8       32.0    0.20     0.94   
           193.6   211.8       18.3    0.14     0.45   oxide to
                                                                    158m
           219.5   240.8       21.3    0.18     0.44   
           249.9   277.4       27.4    0.15     0.42   
NB-13-250    54.9    57.9        3.0    0.16     4.83   High
                                                                    silver to
                                                                    gold
            56.4   217.9      161.5    0.21     0.89   oxide to
                                                                    93m
           222.5   224.0        1.5    0.22    20.00   High
                                                                    silver to
                                                                    gold
           248.4   286.5       38.1    0.25     0.39   
NB-13-251    82.3   128.0       45.7    0.31     1.08   Qtz
                                                                    stockwork
Including    83.8   111.3       27.4    0.42     1.32   
           141.7   187.4       45.7    0.27     1.26   
Including   150.9   164.6       13.7    0.43     0.93   feeder
                                                                    structure
Including   176.8   178.3        1.5    0.32     5.77   Qtz stkwk;
                                                                    High
                                                                    silver to
                                                                    gold
           233.2   251.5       18.3    0.19     0.32   oxide to
                                                                    185m
NB-13-252    73.2   164.6       91.4    0.24     0.79   oxide to
                                                                    32m
Including    79.3    83.8        4.6    0.66     1.26   feeder
                                                                    structure
Including   117.3   123.4        6.1    0.38     1.45   feeder
                                                                    structure
Including   155.4   161.5        6.1    0.51     0.41   feeder
                                                                    structure

*Intercepts calculated using a 0.1g/t gold cutoff and up to 3 metres of
internal waste.

Infill Drilling between Sierra Blanca and Savage Valley Deposits

Drill holes designed to evaluate a large un-drilled area between the southwest
portion of Sierra Blanca and northern extension of the Savage Valley  deposits 
have returned  encouraging  results  which  could  potentially  link  the  two 
proposed pits in future modeling. The  results from seven new holes show  that 
low-grade mineralization  extends through  this  area, with  some  significant 
shallow intercepts such as hole NB-13-256, where  75 of the top 105 metres  is 
mineralized above cutoff, and NB-13-254 with 20 metres @ 0.26 g/t gold from  8 
metres depth (Table 2, Figure 1).

Holes NB-13-258 and NB-13-259 both  have significant intercepts at nearly  0.5 
g/t gold (Table 2). Of particular interest  is the intercept of 10.7 metres  @ 
0.7 g/t gold  in NB-13-258, which  also has elevated  tellurium similar to  an 
intercept half a kilometre to the west at Air Track Hill (NR14-01, January  9, 
2014). As previously stated,  tellurium is a  strong indicator of  high-grade 
gold mineralization. Additional drilling is planned in the Savage Valley  area 
to explore the  potential southern  extension of  the Yellowjacket  high-grade 
deposit into  this large  area  of low-grade  mineralization (which  has  some 
indicators that are similar to the setting at Sierra Blanca to the north).

 Table 2: Significant intercepts* from recent RC holes between Sierra Blanca
                              and Savage Valley.

 (All holes are vertical. Reported drill intercepts are not true widths. At
    this time, there is insufficient data with respect to the shape of the
         mineralization to calculate its true orientation in space.)

            From     To     Interval   Gold    Silver  
 Hole ID       (m)       (m)        (m)        (g/t)     (g/t)       Comments
NB-13-253               No Significant Intercepts               oxide to
                                                                    146m TD
NB-13-254     7.6    27.4       19.8    0.26     0.09   oxide to
                                                                    111m
Including    15.2    22.9        7.6    0.36     0.07   feeder
                                                                    structure
NB-13-255    71.6    83.8       12.2    0.20     0.34   oxide to
                                                                    117m
Including    73.2    76.2        3.0    0.42     0.33   feeder
                                                                    structure
NB-13-256     0.0    47.2       47.2    0.17     0.46            
            70.1    83.8       13.7    0.15     0.39            
            89.9   105.2       15.2    0.15     0.27            
           111.3   163.1       51.8    0.15     0.38   oxide to
                                                                    163m
           233.2   245.4       12.2    0.21     0.78   Tr1Seds
NB-13-257    53.3    93.0       39.6    0.14     0.30            
NB-13-258    48.8    54.9        6.1    0.22     0.09            
            64.0    93.0       28.9    0.45     0.76            
Including    68.6    79.3       10.7    0.70     0.82         High
                                                                     tellurium
                                                                          zone
            93.0   131.1       38.1    0.15     0.63            
           193.6   213.4       19.8    0.17     0.23   oxide to
                                                                    198m
NB-13-259    18.3    56.4       38.1    0.51     1.11            
            56.4    77.7       21.3    0.13     0.59            
           109.7   121.9       12.2    0.25     0.17   oxide to
                                                                    157

*Intercepts calculated using a 0.1g/t gold cutoff and up to 3 metres of
internal waste.

About the North Bullfrog Project, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately
68 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.

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  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.

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.

About Corvus Gold Inc.

Corvus Gold  Inc. is  a  North American  gold  exploration company,  which  is 
focused on  advancing  its  100% controlled  Nevada,  North  Bullfrog  project 
towards a potential development decision. In addition the Company controls  a 
number of other North American exploration properties representing a  spectrum 
of gold,  silver  and  copper  projects.  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

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 
there to  be more  Yellowjacket style  high-grade mineralization  between  the 
North Sierra  Blanca area  and  the Yellowjacket  deposits, the  potential  to 
increase the tonnage of the  deposit in the Sierra  Blanca North area and  for 
the grade to increase at depth, the potential to link the two proposed pits at
the Sierra Blanca  and northern  extension of  the Savage  Valley deposits  in 
future modeling,  the potential  to discover  additional high  grade veins  or 
additional deposits including the  potential for Yellowjacket-type  high-grade 
mineralization in the area  of low-grade mineralization  in the Savage  Valley 
area, the potential  to expand the  existing estimated resource  at the  North 
Bullfrog project, the potential for the North Bullfrog deposits to be part  of 
a District-wide gold system and to grow  as such, the potential for the  North 
Bullfrog system  to  continue to  grow  and/or to  develop  into a  major  new 
higher-grade, bulk  tonnage,  Nevada gold  discovery,  the potential  for  any 
mining or production at North  Bullfrog, the potential for the  identification 
of multiple deposits at North Bullfrog,  the planned completion of an  updated 
preliminary economic assessment for the North Bullfrog project, whether in  Q1 
2014 or  at all,  the  potential for  the Company  to  secure or  receive  any 
royalties in the future,  the potential for the  Company to build  shareholder 
value, whether through new discoveries and/or leveraging non-core assets or at
all, 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 2013  Annual Information  Form  and 
latest  interim  Management  Discussion   and  Analysis  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.

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, and any  production therefrom or  economics with respect  thereto, 
are not indicative  of mineral  deposits on  the Company's  properties or  the 
potential production from, or cost or  economics of, any future mining of  any 
of the Company's mineral properties.

This news 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 drill hole discussed in this news
release. Red collars and traces indicate holes reported in this news release.
Blue indicates holes for which assays are pending. Black indicates previously
released results. Significant mineralized faults are shown in dark red. Grey
hachured lines show outlines of present proposed pit designs. Topographic
contour interval is 2 metres. (CNW Group/Corvus Gold Inc.)". Image available
at:
http://photos.newswire.ca/images/download/20140115_C8776_PHOTO_EN_35524.jpg

Contact:

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