NSGold Corporation has commissioned an updated NI 43-101 resource estimate and report for the Mooseland Gold Property located in Nova Scotia. The Mooseland Property is located only 13 kilometers by paved road from the Moose River Consolidated Gold Mine, developed by Atlantic Gold Corporation. The previous resource estimate for the Mooseland Property was originally press released by NSGold on June 5, 2012 and comprised total inferred mineral resources of 454,000 ounces of gold. This resource report was prepared by MineTech International Limited (‘MineTech’) of Halifax, Nova Scotia. The 2012 resource estimate is based on drill core assay results from a total of 183 drill holes comprising 45,382 meters as detailed below. Gold mineralisation at Mooseland is typical of the majority of Nova Scotia lode gold deposits and exhibits ‘coarse gold’ or ‘nuggety’ behaviour. In this type of deposit, close samples may vary widely in grade. A top-cut value is normally chosen to prevent the overestimation of block grades by a small number of very high assays or ‘outliers’. For the Mooseland 2012 resource estimation the +100 g/tonne assays were top-cut or ‘capped’ to 100 g/tonne.