Annual Financial Report

Nord Gold N.V. ("Nordgold" or the "Company")

30 April 2012

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2011

A copy of the Annual Report and Accounts for the year ended 31 December 2011 has been submitted to the National Storage Mechanism and will shortly be available for inspection at:

www.Hemscott.com/nsm.do

The Annual Report and Accounts for the year ended 31 December 2011 is also available to view at:

http://www.nordgold.com/en/investor-relations/results-and-reports.aspx

The Notice of the 2012 Annual General Meeting is available to view at:

http://www.nordgold.com/en/investor-relations/shareholder-centre/agm.aspx

Disclaimer: Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

Further Enquiries

For further information on Nordgold please visit the company's website -

http://www.nordgold.com

About Nordgold

Nordgold (LSE: NORD) is an established pure-play emerging-markets gold producer, with operations in Burkina Faso, Guinea, Russia and Kazakhstan.

Nordgold is a young and dynamic company. Since its establishment in 2007, Nordgold has expanded rapidly through acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. By the end of 2011 the Company's gold production has reached 754 Koz.

Nordgold has eight producing mines, two development projects, five advanced exploration projects and a broad portfolio of early exploration projects and licenses.

Nordgold's target is to produce 1 Moz of gold from existing mines and development projects by the end of 2013. This target is underpinned by company's gold reserves of 12.7 Moz and resource base of 29.5 Moz of gold and 103 Moz of silver.