Q1 2015 Operating Results

Nord Gold N.V. operating results for the first quarter ended March 31, 2015

Amsterdam, Netherlands, April 22, 2015

Nord Gold N.V. ("Nordgold" or the "Company", LSE: NORD), the internationally diversified low-cost gold producer, announces strong Q1 2015 operating results: 29% year-on-year growth in revenue and 26% increase in gold output to 266.7 koz.

· Lost time injury frequency rate (LTIFR) for Q1 2015 was 2.95. Four of Nordgold's mines had an LTI free quarter.

· Gold production of 266.7 thousand gold equivalent ounces ("koz"), up 26% year-on-year ("YoY") and up 12% quarter-on-quarter ("QoQ").

· Seven out of Nordgold's nine mines achieved a year-on-year production increase, with double digit growth at Bissa, Lefa, Berezitovy and Neryungri, as well as an 8% increase at Buryatzoloto.

· Q1 2015 refined gold production includes 28.5 koz of gold doré produced but not refined at Bissa, Taparko, Berezitovy and Neryungri mines at the end of 2014, which was refined in Q1 2015.

· The average realised gold price in Q1 2015 was US$1,224 per oz, a decrease of 6% compared with Q1 2014 (US$1,299/oz) and an increase of 3% compared with Q4 2014 (US$1,184/oz).

· Despite a lower gold price, revenue in Q1 2015 increased by 29% YoY to US$355.6 million. Revenue increased by 40% compared with US$254.3 million in Q4 2014 driven by higher refined gold production and also due to the fact that 24.5 koz of refined gold produced in the end of 2014 was sold in Q1 2015.

· Nordgold reiterates 2015 full year production guidance of 925 - 985 koz.

· Unaudited net debt at March 31, 2015 was approximately US$528.7 million compared with US$627.3 million as at December 31, 2014, reflecting the strong positive free cash flow generated.

Message from the CEO

"We have maintained the operating momentum we showed throughout 2014 into the first quarter and delivered a substantial year on year increase in gold production. With seven of our nine mines achieving growth, and well over US$100 million of free cash flow generated during the quarter, we are building an enviable track record in operating excellence and this gives us confidence in our ability to deliver on our full year targets. Our development pipeline is also gathering momentum with progressing towards construction our Bouly and Gross projects. Combined with our other exploration projects we are in a very strong position to deliver long term value for shareholders."

Nikolai Zelenski, Chief Executive Officer, Nordgold

For the full report, please follow the link:

http://www.rns-pdf.londonstockexchange.com/rns/9504K_-2015-4-22.pdf

Enquiries

For further information on Nordgold please visit the Company's website - www.nordgold.com

Notes to Editors

About Nordgold

Nordgold (LSE: NORD) is an internationally diversified low-cost gold producer established in 2007 and publicly traded on the London Stock Exchange. The Company has expanded rapidly through carefully targetedacquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period. In 2014, Nordgold's gold production increased to 985 koz from 924 koz in 2013.

The Company operates 9 mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada. Nordgold employs about 10,000 people.

Certain information contained in this press release, including any information as to Nordgold's estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance and production may constitute "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance.

All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.

Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future realities or anticipated events to differ materially from those expressed or implied in any forward-looking information and, accordingly, should not be read as guarantees of future performance or realities. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include the assumption that the business and economic conditions affecting Nordgold's operations will continue substantially in their current state, including, without limitation, with respect to industry conditions, general levels of economic activity, market prices for gold, competition for and scarcity of gold mine assets, achievement of anticipated mineral reserve and mineral resource tonnages or grades, ability to develop additional mineral reserves, acquisition of funding for capital expenditures, adequacy and availability of production, processing and product delivery infrastructure, electricity costs, continuity and availability of personnel and third party service providers, local and international laws and regulations, foreign currency exchange rates and interest rates, inflation, taxes, and that there will be no unplanned material changes to Nordgold's facilities, equipment, customer and employee relations and credit arrangements. Nordgold cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of Nordgold and there is no assurance that they will prove correct. The risks and other factors that may cause actual future realities or anticipated events to differ materially from those expressed or implied in any forward-looking information include, but are not limited to Nordgold's ability to execute its development and exploration programs; the financial and operational performance of Nordgold; civil disturbance, armed conflict or security issues at the mineral projects of Nordgold; political factors; the capital requirements associated with operations; dependence on key personnel; compliance with environmental regulations; estimated production; and competition.

Actual performance or achievement could differ materially from that expressed in, or implied by, any forward-looking information in this press release and, accordingly, investors should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made, and Nordgold does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or realities after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. All forward-looking information contained in this press release is qualified by such cautionary statements. New risk factors emerge from time to time, and it is not possible for management to predict all of such risk factors and to assess in advance the impact of each such factor on Nordgold's business or the extent to which any factor, or combination of factors, may cause actual realities to differ materially from those contained in any forward-looking information.