EuroIR

Upside Potential:

NioGold’s projects are located in proximity to the full-service mining town of Val-d’Or in the mining friendly jurisdiction of Quebec that allows for cost effective exploration and development. The grounds were acquired for their potential for near term gold resource definition and cover large under-explored sectors located along known mineral trends deemed highly prospective for new gold discoveries.

Drilling Program Results:

NioGold completed 37,830 m of drilling in 102 holes during 2007-08. The majority of the drilling (88 holes, 31,730 m) investigated the former Marban mine sector on the Marban Block property, where two holes drilled in late 2006 returned significant near surface intersections of 10.8 g/t Au over 4.0 m and 8.0 g/t Au over 2.3 m. The 2007-08 program over the sector returned intersections of economic interest:

• Over 500 metres along the West Extension of the mine zones (ex. 6.5 g/t Au over 7.0 m; 9.4 g/t Au over 2.3 m; 7.6 g/t Au over 4.0 m; 23.4 g/t Au over 1.1 m; 78.9 g/t Au over 3.0 m; 21.6 g/t Au over 1.1 m; 6.3 g/t Au over 6.0 m; 10.2 g/t over 2.5 m; 6.4 g/t over 2.3 m; 13.9 g/t over 1.2 m; 28.8 g/t over 1.2 m);

• along the vertical extensions of the mine zones (ex. 6.2 g/t Au over 3.0 m; 15.4 g/t Au over 1.8 m; 6.5 g/t Au over 3.0 m; 6.1 g/t Au over 6.5 m; 9.8 g/t Au over 3.0 m; 9.5 g/t Au over 1.2 m; 9.7 g/t Au over 1.2 m; 5.5 g/t Au over 4.3 m; 7.6 g/t Au over 4.6 m; 17.7 g/t over 4.3 m);

• within the newly recognized Wedge Zone et Upper Wedge Zone (ex. 5.4 g/t Au over 4.0 m; 4.3 g/t Au over 7.0 m; 13.1 g/t Au over 1.9 m; 9.8 g/t Au over 3.1 m; 16.7 g/t Au over 1.2 m; 6.1 g/t Au over 2.4 m; 42.8 g/t Au over 1.0 m; 26.7 g/t Au over 1.2 m; 6.0 g/t Au over 7.6 m, 7.2 g/t Au over 4.8 m, 6.0 g/t Au over 7.6 m); and

• within the ultramafic units located north and above the mine (ex. 6.5 g/t Au over 2.4 m; 6.2 g/t Au over 2.8 m; 18.1 g/t Au over 3.7 m; 31.7 g/t Au over 2.2 m; 16.6 g/t Au over 1.2m, 11.6 g/t Au over 1.0 m).

The 2007-08 drilling program demonstrated that the Marban mine gold mineralised system is much larger than previously defined where at least ten easterly striking, moderately north-dipping, gold mineralised zones have been traced over a strike extent 1.2 km. The east and depth extensions of the system remain to be fully investigated