Replacement Reserves & Resources 2013

The following amendments have been made to the 'Reserves & Resources and Exploration Update 2013 ' announcement released on 22 April 2013 at 13:33 under RNS No 9111C.

The names and country locations for each mining operation have been added at the beginning of each relevant section.

All other details remain unchanged.

The full amended text is shown below.

Reserves & Resources and Exploration Update 2013

·; Full compensation of gold reserves depleted in 2012

·; 7% increase in measured and indicated gold resources

·; 31% growth of inferred gold resources

·; Continued development of four advanced exploration projects

Nord Gold N.V. reports its reserves & resources and exploration update for the period ended 31 December 2012

Amsterdam, the Netherlands, April 22, 2013

Nord Gold N.V, ("Nordgold" or the "Company", LSE: NORD), an independent, internationally diversified, pure-play gold producer strategically focused on emerging markets, is pleased to announce the results of its Resource and Reserve Update using all available data for the Company's mines and deposits as reported by Wardell Armstrong International, Micon International Limited and SRK Consulting. These estimates supersede all previously announced estimates.

Highlights:

·; 2012 exploration programme has replaced mined out reserves during the year. Proven and probable reserves of Nordgold are at 12.6 Moz of gold.

·; Measured and indicated gold resources of Nordgold increased by 7%, to 17.9 Moz, while the inferred resources estimate grew by 31%, to 16.7 Moz.

·; Project Gross is further expanded. Gold reserves at Gross are at 3.6 Moz (up 10% from the previous estimate), while measured and indicated resources increased by 16%, to 4.5 Moz and inferred resources were estimated at 8.8 Moz (up 25%).

·; Reserve base of key producing mines with shorter life-of-mine -Buryatzoloto, Taparko and Suzdal - has been meaningfully increased. Four advanced exploration projects in Russia (Uryakh, Nerchinsk) and Burkina Faso (Bouly, Wayin) have been confirmed as potential candidates to become operating mines. Exploration at these deposits continues and shows strong progress.

·; The Company's measured and indicated silver resources increased by 21%, to 123 Moz, primarily at its project Prognoz.

·; Ore reserves were estimated using a gold price of US$1,250/oz, unchanged from last year's estimate.

Key exploration priorities for 2013-2014 include:

·; To further extend the life of mines for Buryatzoloto (both Irokinda and Zun-Holba) in Russia and Taparko in Burkina Faso.

·; Infill drilling at the flanks of Lefa aimed at increasing ready-to-mine higher grade reserves.

·; Progressing Bouly, Uryakh and Wayin projects towards scoping and pre-feasibility phases.

Exploration Overview

Aggregate Resource and Reserve Estimates

Resource and reserve estimates are based on: Irokinda, Zun-Holba, Suzdal - Micon Report dated April, 2013 (data as at 31 December 2012); Zherek Mineral Resources - estimated by WAI, reported in MM681 Updated CPR Report on the Zherek Asset, Kazakhstan, April 2012; Balazhal Mineral Resources - estimated by WAI, reported in MM676 Updated CPR Report on the Balazhal Gold Asset, Kazakhstan, April 2012; Tabornoe (Neryungri) and Gross -- SRK Report dated April, 2013 (data as at 1 January, 2013); all other mines - WAI Report dated April, 2013 (data as at January 1, 2013).

Reserve & Resources Update

Guinea

Lefa

In 2012 exploration was focused on the near area of the mine, mainly East of our Fayalala pit, as well as on the areas adjacent to current operations. Our top priority was to deliver an increase in the resources and reserves of saprolites, which are easier to process from technical perspective. This work has resulted in the opening of two new pits, Fayalala East and Banco South. Fresh ore exploration is the Kankarta Extension site is still underway. As a result, the increase in resources has fully compensated for the mined ore.

In 2013 our exploration focus on saprolites in adjacent areas will continue on new prospects identified in 2012. Exploration at Firifirini and Kankarta North in order to expand already identified resources and to locate new resources will also continue. In terms of regional exploration, works will be concentrated on the central part of our mining concession, namely the Diguili area where geochemical surveys have returned very positive results. Targets will be drilled in the middle of this year.

Lefa Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Burkina Faso

Taparko

In 2012 the main focus was on extending the flanks of the existing pits 3/5, 2N2K, GT, infill drilling of Bouroum pits and drilling of the Goengo target 3km east of Taparko. As a result of the successful exploration programme we have more than offset depletion and increased proven and probable reserves by almost 12%.

The goal of 2013 exploration programme is to drill the anomaly between 3/5 and 2N2K pits, to continue the exploration of Goengo and Nongo-Fayere targets and to prepare new targets within 10km based on recently acquired detailed geophysical and geochemical data.

Taparko Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Burkina Faso

Bissa

In 2012 an infill RC programme at a grid of 20 x 20 m to vertical depth of around 40 meters was completed at the Bissa deposit. This drilling was incorporated in the resource estimation carried out by WAI for the 2012 CPR report. RC Grade control drilling was started in August 2012 to delineate ore blocks in sufficient detail for mining operations to commence (first gold at Bissa was poured in January 2013). Some 40,000 meters of RC grade control drilling was carried to delineate the first 20 vertical meters. Some 10,000 meters of sterilization drilling was carried out towards the end of the year to open-up additional areas for waste dumps.

Gougré (Cougre permit) which lies about 7 km south of Bissa is considered to be a supplement to Bissa's mining operations mine. The 2012 exploration programme at Gougré consisted of trenching only, but at the beginning of 2012 many gold assay results were received from the samples sent to laboratories in 2011. This data significantly increases Gougré's resources. The hydrological and geotechnical studies and also metallurgical tests were performed during 2012 to complete the pre-feasibility study necessary to upgrade the Gougré permit from an exploration to mining stage.

Bissa (including Gougre) Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Russia

Buryatzoloto

At Zun-Holba and Irokinda main exploration efforts were focused on following the main ore zones and veins along the strike. Another goal had been infill drilling to increase categories of resources. In total more than 100,000 meters of diamond drilling has been completed during 2012 leading to a long-awaited increase in resources and reserves. Measured, indicated and inferred resources for Buryatzoloto's two mines totaled 469 Koz, 149 Koz and 93 Koz respectively. Proven and probable reserves have been estimated at 425 Koz and 142 Koz respectively. The drilling programme at both mines is being continued in 2013 with the same focus as in 2012.

Buryatzoloto Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Russia

Berezitovy

The drilling programme at Berezitovoye flanks, which targets 14,000 m was continued during 2012. The ongoing mineralization of southern and northern flanks of the pit yielded positive results. A geochemical survey and also well logging in the Sergachinskaya area (adjacent to Berezitovoye) was carried out. We plan to start closer drilling at the pit flanks in 2013, focusing on the northern flank with the aim to increase the pit reserves.

Berezitovy Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Russia

Neryungri, Gross

In 2012 Nordgold undertook a number of measures in order to increase mineable ore reserves at the Neryungri mine (Tabornoe deposit), including drilling at the flanks to outline higher-grade ore. The adjustment of the pit geological model resulted in reserves' estimate decline.

At the end of last year Nordgold completed a pre-feasibility study for the newest Nordgold's development asset - Gross - which is located 4km from the Neryungri site. The 2012 exploration programme at Gross included technological, geotechnical and condemnation drilling, as well as the infill drilling in accordance with Russian regulatory requirements.

Further improvements in the Gross project KPI's are expected to be announced in H2 2013 after the feasibility study is finalized by Hatch. We are in the process of obtaining the mining license and plan to launch a pilot stage mining by the end of 2013, which will allow us to perform bulk metallurgical tests.

Neryungri Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Russia

Neryungri, Gross

Gross Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Russia

Aprelkovo

In 2012 we drilled 17,000 m near Aprelkovo mine in order to obtain a more detailed description of the intersections previously identified. In 2013 Nordgold will continue hydrogeological and engineering studies and PFS preparation for the future CIL plant construction. The adjustment to the economic assumptions allowed to increase average grade with a marginal decline in gold reserves' estimate.

The Nerchinsk greenfield exploration project is located 10 km east of the Aprelkovo mine and is considered a potential source of ore for the existing operations.

In 2012 Nordgold was prospecting the Yuzhny, Perevozny and Zaslonny areas of Nerchinsk. Trenches at Zaslonny and Bishiginsky areas enabled us to trace ore bodies along strike while additional drilling is required to assess the resource potential of deep levels. In 2013 we plan to explore the oxidized zone of the Yuzhny area and to conduct a number of metallurgical tests. As at January 1, 2013 Nerchinsk's inferred mineral resources were estimated as 81 Koz of gold at 1.10 g/t in 2,305 kt of ore.

Aprelkovo Resource and Reserve Estimates(1 January 2013)

Reserve & Resources Update

Kazakhstan

Suzdal

*Includes gold from Zherek

At Suzdal in 2012 we drilled 9,500 m from the surface and 40,000 m from the underground workings. The activities are aimed to denser the grid to increase the category of the reserves, as well as to enlarge reserves of the major ore bodies at the center and on the north-east flank of the deposit. All those efforts have allowed us not only to increase the reserves by 14%, but also to improve the average reserve grade from 7.55 g/t to 10.85 g/t.

Suzdal Resource and Reserve Estimates(1 January 2013)

Uryakh (Russia, Irkutsk region)

Uryakh is located in the Irkutsk region of Russia, 60 km from the Baikal-Amur Mainline railway. This project is the result of successful early exploration works conducted in 2010-2011 on a highly prospective mineral field with resource potential associated with quartz veins, gold-bearing stockworks and other types of mineralisation. Over the past couple of years, an intensive drilling programme has focused on several high-grade quartz veins and adjacent gold mineralized zones which still remain open along the strike and in depth. Exploration results imply the potential for a large-scale open-pit and/or underground mineable resource.

In 2012, the drilling programme was primarily aimed at delineating strike and down-dip extensions of discovered mineralized systems. Exploration works were focused mainly on central and north-western parts of the Uryakh ore field with a less intense study conducted at the south-eastern part. As a result of these works several previously discovered high grade quartz veins were drilled with 50 m grid and traced along strike. No thinning of gold mineralization was observed, thus there is the potential of a resource increase when continuing to trace those veins along the strike and in depth during 2013.

2012 activities confirmed the mining potential of well-explored parts of the Uryakh mineral field and helped to identify new areas where mineralization could be in place. As at January 1, 2013 the Uryakh's mineral resources were estimated as 946 Koz of gold at 1.61 g/t. As the most intense drilling was performed at the end of the year, less than half of the data collected was able to be included in the report. The full results of the 2012 exploration programme are expected to be provided later in 2013.

Uryakh Resource Estimates(1 January 2013)

Bouly (West Africa, Burkina Faso)

Bouly (Namtenga permit) is located close to our new operating mine Bissa in Burkina Faso. It appears to represent a large, low grade gold mineralization. While Bouly ore is low grade, the preliminary metallurgical test work indicates very good potential for heap leach operations. In view of a significant footprint at the Bouly deposit, an intensive exploration programme is aimed at assessing thr resource potential of deep-level and further flanks to further expand resources. Further metallurgical testing is planned to be performed in mid-2013 in order to continue development of the Bouly permit area with a view to upgrading it to commercially minable deposit. These tests will be part of an in-house scoping study on the project, which we will complete before deciding on a further pre-feasibility study in 2014.

Bouly Resource Estimates(1 January 2013)

Wayin (West Africa, Burkina Faso)

The Wayin prospect is situated 55 km to the east of Ouagadougou. A large copper - gold anomaly was discovered in this area in the 1970s. Nordgold began systematic exploration work in the area in 2011. Since then 160 core and reverse circulation holes with a total of 20,000 meters have been drilled. Inferred gold and copper resources as of January 2013 were estimated by WAI. The deposit has a near-surface enriched zone with Au grade more than 2 g/t and Cu grade of more than 0.5%. Exploration is still at an early stage, but the chances of finding a major economically viable deposit appear good and justify more exploration work. Consequently, an intense drilling programme is planned for 2013.

Wayin Resource Estimates(1 January 2013)

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 international pure-play emerging-markets gold producer established in 2007. Nordgold has expanded rapidly through acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. Nordgold's gold production reached 717 Koz in 2012. The company operates nine mines in Russia, Kazakhstan, Burkina Faso and Guinea. Nordgold has one development project, five advanced exploration projects and a diverse portfolio of early exploration projects and licenses in CIS and West Africa. Nordgold employs over 10,000 workers on two continents.

Nordgold has adopted the 2004 Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) as its standard for all public reports of its exploration results, mineral resources and ore reserves. The above summary is consistent with the JORC Code. The resources and reserves estimates have been compiled and verified by Dr. PS Newall of Wardell Armstrong International in relation to all mines except for Gross and Neryungri, which has been reported on by Martin Pittuck of SRK Consulting, and Zun-Holba, Irokinda and Suzdal (William Lewis from Micon International). Each of Wardell Armstrong International, SRK Consulting and Micon International has the appropriate professional membership and relevant experience in relation to the mineral resources and ore reserves reported by them to qualify as Competent Persons as defined in the JORC Code.

Scientific and Technical Information

All of the disclosure of a scientific or technical nature in this document regarding Nordgold's mineral projects on properties material to Nordgold is based upon information from the below-listed technical reports, each of which was prepared by or under the supervision of one or more "qualified person(s)" independent of Nordgold within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI- 43-101"), with the exception of the disclosure prepared by Marc-André Boudreau, who is a qualified person but is not considered "independent" of Nordgold within the meaning of NI 43-101:

·; "The Aprelkovo Gold Project, Russia, NI 43 101 Technical Report" dated September, 2012 by Mark Mounde (B. Eng, C.Eng MIMMM, SAIMM, ACSM) of Wardell Armstrong International ("WAI");

·; "The Berezitovy Project, Russia, NI 43 101 Technical Report" dated July 2012 by Mark Owen (BSc, MSc, MCSM, CGeol, EurGeol, FGS) of WAI;

·; "The Bissa Asset, Burkina Faso, NI 43 101 Technical Report" dated July 2012 by Phil Newall (BSc (ARSM), PhD (MCSM), CEng, FIMMM) of WAI;

·; "NI 43-101 Technical Report and Audit of the Resource and Reserve Estimates for the Irokinda Gold Mine, Republic of Buryatia (Buryatia), Russian Federation" dated August 30, 2012 by William J. Lewis (B.Sc., P.Geo.), Tania Ilieva (Ph.D., P.Geo) and Barnard Foo (M.Eng., P.Eng. MBA) of Micon International Limited ("Micon");

·; "The Lefa Gold Project, Guinea, NI 43 101 Technical Report" dated September, 2012 by Bruce Pilcher (BE(Mining) Syd, FAusIMM(CP), MIMMM, CEng, Eur Ing) of WAI and Marc-André Boudreau (BSc, OGQ) of Nordgold;

·; "The Suzdal Gold Project, Kazakhstan, NI 43 101 Technical Report" dated September, 2012 by Julian Spears (BSc(Geol) MSc(Min Geol) CEng CEnv CSci MCIWM MIMMM ACSM) of WAI;

·; "The Tabornoe and Gross Gold Project, Russia, NI 43 101 Technical Report" dated September, 2012 by Julian Spears (BSc(Geol) MSc(Min Geol) CEng CEnv CSci MCIWM MIMMM ACSM) of WAI and Jeremy Peters (BEng(Mining Engineering) BSc(Geology) FAusIMM) and Richard Sulway (BAppSc(Hons)(Geology) MAppSc MAusIMM(CP)) of Snowden Mining Industry Consultants Pty Ltd.;

·; "The Taparko-Bouroum Assets, Burkina Faso, NI 43 101 Technical Report" dated July 2012 by Phil Newall (BSc (ARSM), PhD (MCSM), CEng, FIMMM) of WAI; and

·; "NI 43-101 Technical Report and Audit of the Resource and Reserve Estimates for the Zun-Holba Gold Mine, Republic of Buryatia (Buryatia), Russian Federation" dated September 10, 2012 by William J. Lewis (B.Sc., P.Geo.), Tania Ilieva (Ph.D., P.Geo) and Barnard Foo (M.Eng., P.Eng. MBA) of Micon.

Each of the above technical reports is available under Nordgold's profile on SEDAR at www.sedar.com.

All mineral resources and reserves have been calculated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum definitions standards on Mineral Resources and Mineral Reserves (the "CIM Standards") or the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (the "JORC Code"). The definitions and standards of the JORC Code are substantively similar to the CIM Standards. There would be no material differences between mineral resources and mineral reserves prepared in compliance with the JORC Code and mineral resources and mineral reserves prepared in compliance with the CIM Standards.

Production and mineral resource and mineral reserve reporting herein has not been adjusted to give effect to minority interests.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this press release, including any information as to Nordgolds 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 Canadian 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 Canadian 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.

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