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Corvus Gold Inc. Announces Private Placement Financings Totalling CDN $7,000,000

Vancouver, B.C........Corvus Gold Inc. ("Corvus" or the "Company") - (TSX: KOR) is pleased to announce that it has entered into an agreement with a syndicate of agents (collectively the "Agents"), pursuant to which the Agents have agreed to sell up to 6,500,000 common shares of the Company (the "Common Shares") on a commercially reasonable efforts private placement basis at a price of CDN $0.88 per Common Share for aggregate gross proceeds of up to CDN $5,720,000 (the "Offering").

In addition, the Company also intends to complete a non-brokered private placement of up to 1,500,000 Common Shares, for gross proceeds of up to CDN $1,320,000, under the same terms as the Offering (the "Private Placement").

The Company intends to use the net proceeds raised under the Offering and the Private Placement for exploration of the Company's existing mineral projects, property investigations, the acquisition of additional mineral properties or interests therein and for general working capital purposes.

The Offering and Private Placement are scheduled to close on or about November 10, 2010 and are each subject to certain conditions including, but not limited to, the completion of satisfactory due diligence by the Agents and the receipt of all required regulatory and TSX acceptances/approvals.  The securities issued by the Company in connection with both the Offering and the Private Placement are subject to a 4-month "hold period" as prescribed by the TSX and applicable securities laws.

The Agents will receive a cash commission of 5% of the proceeds raised through the Offering and warrants ("Broker Warrants") equal to 5% of the number of Common Shares issued in the Offering.  Each Broker Warrant will be exercisable to acquire one Common Share at an exercise price of $1.10 for a period of 24 months from closing.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

About Corvus Gold Inc.

Corvus Gold Inc. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum from early stage to the advanced gold projects.  Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration into carried and or royalty interests that provide its shareholders significant exposure to produced gold to maximize the value for their investment.

On behalf of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius

Jeffrey A. Pontius,
Chairman and Chief Executive Officer


Cautionary Note Regarding Forward-Looking Statements

This news 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 completion of the Offering and the Private Placement and the proposed use of the proceeds of the Offering and the Private Placement by the Company 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, risks associated with the timing and pricing of the Offering and Private Placement, completion of the Offering and the Private Placement, regulatory approval/acceptance of the Offering and the Private Placement, and the use of proceeds from the Offering and Private Placement.  Other risks and uncertainties are disclosed in the Company's latest interim Management Discussion and Analysis filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies.  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.

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.

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