Q2 and H1 2015 Operating Results

Nord Gold N.V. operating results for the second quarter and six months ended June 30, 2015

Amsterdam, Netherlands, July 22, 2015

Nord Gold N.V. ("Nordgold" or the "Company", LSE: NORD), the internationally diversified low-cost gold producer, announces a 7% increase in gold output to 507.5 thousand gold equivalent ounces ("koz") and 4% growth in revenue to US$644.6 million in H1 2015.

· Gold production in H1 2015 increased by 7% year-on-year ("YoY") to 507.5 koz mainly due to higher ore mined and processed volumes, as well as higher recovery.

· In H1 2015, production increased at Bissa, Lefa, Berezitovy, Neryungri, Suzdal and one of the Buryatzoloto underground mines, Irokinda.

· In Q2 2015, gold output was 240.8 koz. The prior quarters' refined gold production of 266.7 koz included 28.5 koz of gold doré produced but not refined at the end of 2014, which was refined in Q1 2015.

· Based on the robust operating performance delivered in H1 2015, the Company is targeting the upper end of the full year 2015 production guidance range of 925 - 985 koz.

· Lost time injury frequency rate (LTIFR) for Q2 2015 was 1.79, an improvement of 39% compared with Q1 2015 (2.95), but higher than in Q2 2014 (1.08).

· The average realised gold price in H1 2015 was US$1,213 per oz compared, with US$1,295 per oz in H1 2014. In Q2 2015, the average realised gold price was US$1,200 per oz, compared with US$1,292 per oz for Q2 2014 and US$1,224 per oz for Q1 2015

· Despite a lower gold price, revenue in H1 2015 increased by 4% to US$644.6 million compared with US$617.0 million in H1 2014 due to higher gold production and sales volumes, which included 24.5 koz of refined gold and 28.5 koz of gold doré, which were produced in the end of 2014 and sold in Q1 2015. Revenue in Q2 2015 was US$289.0 million.

· Unaudited net debt at June 30, 2015 was approximately US$546.0 million compared with US$528.7 million at the end of Q1 2015 and US$627.3 million at the end of 2014, reflecting positive free cash flow generated and dividend payment of US$24.2 million in Q2 2015 on the back of Q1 2015 results.

· During the period, Nordgold has also further strengthened its operating team with the appointment of Michael Monaghan as Mining Director, from Akara Resources, subsidiary of Kingsgate Consolidated.

Message from the CEO

"I am pleased to report another strong period of operational performance. We have remained absolutely committed to our strategy - a continued focus on costs, operational efficiencies and production improvements which have enabled us to consistently deliver robust free cash flow. It is this focus on operational delivery that gives us the confidence in achieving the higher end of our full year product target range of 925-985koz.

"Looking ahead, we benefit from three well defined exciting growth projects that will require modest development capex. Two of them, Bouly and Gross, are extensions to existing mine sites and are ready for construction. We will progress these projects towards production, while remaining faithful to our strategy: keeping a very close control over costs, and continuing to drive further operational improvements. I am confident in the outlook for the Company and our ability to generate consistent growth and sustainable returns for our shareholders."

Nikolai Zelenski, Chief Executive Officer, Nordgold

For the full report, please follow the link:

http://www.rns-pdf.londonstockexchange.com/rns/7296T_-2015-7-22.pdfEnquiries

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 targeted acquisitions 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 more than 8,000 people.

Cautionary Note Regarding Forward-Looking Statements

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.