Nord Gold N.V. reports its Exploration and Mineral Resources and Ore Reserves update for the period ended 31 December 2014 in accordance with the 2012 JORC code

Amsterdam, the Netherlands, April 2, 2015 - Nord Gold N.V, (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces Ore Reserves growth to 13.0 million gold ounces (“Moz”).

2014 Highlights

• 3% increase in Ore Reserves to 13.0 Moz of gold since 2012 despite depletion of 2.3 Moz due to the success of our 2013-2014 exploration programmes, which were mainly focused on standalone growth projects.
• Two high quality new development projects established: Gross (Russia) with 4.51 Moz of Ore Reserves and Bouly (Burkina Faso) with 1.32 Moz of Ore Reserves. Both are ready for construction.
• Mined out Ore Reserves have been fully replaced at Neryungri, Suzdal and Buryatzoloto’s Irokinda. Partial replenishment took place at the other mines.
• Measured and Indicated Resources increased by 21% to 21.8 Moz. Total Mineral Resources decreased by 16% to 29.0 Moz of gold as at December 31, 2014 due to significant reduction in Inferred Resources as a result of the implementation of a new JORC 2012 best practice approach in reporting Minerals Resources within pit shells, with estimates defined by a gold price, costs and other relevant modifying factors.
• Bouly Mineral Resources tripled to 3.5 Moz.
• Substantial Mineral Resources upgrade at the Uryakh exploration project in Russia to 1.77 Moz at 3.78 g/t.
• Increase in Mineral Resources at Buryatzoloto’s mines with shorter life-of-mine — Zun-Holba and Irokinda, as well as at Neryungri.
• 48% increase in silver Ore Reserves to 23.6 Moz due to the conversion of 7.6 Moz of silver Resources to Reserves at Gross.
• Ore Reserves were estimated using a gold price of US$1,250/oz, unchanged from the previous estimate, and operational costs for the first 9 months of 2014. These cost levels have not incorporated much of the cost reduction benefits from the depreciation of local currencies in countries where Nordgold operates, against the US dollar and the oil price reduction from the end of 2014. We expect the full operational cost effect of currencies depreciation and oil price reduction to be realised in 2015.

Exploration Update

• In 2013-2014, Nordgold invested US$104.5 million in exploration and evaluation and an additional US$11.8 million in exploration at the Montagne d’Or earn-in project in French Guiana and $2.3 million at the Pistol Bay project in Canada.
• The 2013-2014 exploration programmes achieved the target of delivering Ore Reserves at growth projects.
• The 2013-2014 drilling programme at the Bouly project resulted in maiden Ore Reserves of 1.32 Moz and a Mineral Resources increase to 3.5 Moz. Excellent economic results from the Feasibility Study and maiden Ore Reserves have enabled Nordgold to progress the Bouly project from exploration and evaluation to the design and construction phase.
• Gold Reserves at the Gross project increased by 25% to 4.51 Moz, contributing 35% of Nordgold’s total Ore Reserves. Pilot stage production at Gross tracked results of the Feasibility Study with an excellent heap leach recovery rate ranging from 82.5% to 83.7% and achievement of low production costs.
• The 2013-2014 exploration programme at the Montagne d’Or gold deposit delivered positive results, which will be incorporated in a future resource update. Montagne d’Or Mineral Resources are not included in Nordgold’s Mineral Base until our option to earn-in 50.01% is executed, by no later than March 2017.

2015-2016 key exploration priorities

• As exploration programmes at Nordgold’s main growth projects were largely completed in 2013-2014, the focus has now been shifted to near mine exploration at operating mines with the aim of replacing mined out Ore Reserves annually. Mines with the greatest conversion potential include Lefa, Bissa, Zun-Holba and Neryungri.
• Nordgold has further strengthened its geological capability with the appointment of Howard Golden as Exploration Director, who has over 24 years’ of exploration experience in the mining industry, across six continents.

“Nordgold’s strategy is to maximise the value from its existing assets while complementing this by delivering on its extensive growth pipeline. We remain committed to growing our reserves base and I am pleased to announce a further increase today. The solid progress made on our development projects will enable Nordgold to create long term shareholder value.

I am also delighted to welcome Howard Golden to the Company. His wealth of experience in discovering high quality resources will be of great benefit to Nordgold as we continue to enhance our Mineral Resources and Ore Reserves base.” Nikolai ZelenskiChief Executive Officer of Nordgold

About Nordgold

Nordgold (LSE: NORD) is an internationally diversified low-cost gold producer established in 2007 and publicly traded on the London Stock Exchange. The Company has expanded rapidly through carefully targeted acquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period. In 2014, Nordgold’s gold production increased to 985 koz from 924 koz in 2013.

The Company operates 9 mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada. Nordgold employs about 10,000 people.