Nordgold Announces Take-Up of Shares and Extension of Offer to Minority Shareholders of HRG

Amsterdam, November 27, 2012 – Nord Gold N.V. (LSE: NORD) (“Nordgold”) announces that all of the conditions to its offer to acquire the outstanding shares of High River Gold Mines Ltd. ("High River", TSX: HRG) not already owned by Nordgold (the “Offer”) have been satisfied and that 108,236,052 shares of High River, representing approximately 51.6% of the High River shares not already owned by Nordgold, have been taken up under the Offer and will be paid for in accordance with the terms of the Offer. With the acquisition of these shares under the Offer, Nordgold will own 738,863,524 shares of High River, representing approximately 87.9% of the issued and outstanding High River shares.