NSGold Corporation announced that it has received a 43-101 Resource Update on the Mooseland Gold Property" located in Halifax County, Nova Scotia, prepared by MineTech International Limited of Halifax, Nova Scotia. The Resource Update considers an underground mining operation and incorporates a 2.0 grams per tonne cut-off grade. Total inferred mineral resources for the Mooseland Gold Property are estimated at 3,454,000 tonnes with an average diluted grade of 4.71 grams per tonne containing 523,000 ounces of gold. In this analysis, assays greater than 100 grams per tonne were reported as a value of 100 grams per tonne. This practice is known as top cutting and minimizes the impact of the nugget effect prevalent in this type of ore.