Nordgold Offer for HRG Shares Expires and Additional Shares Taken Up

Amsterdam, December 10, 2012 – Nord Gold N.V. (LSE: NORD) (“Nordgold”) announces that its offer to acquire all of the outstanding shares of High River Gold Mines Ltd. ("High River", TSX: HRG) not already owned by Nordgold (the “Offer”) expired at 12:01 a.m. (Toronto time) on Saturday, December 8, 2012. At expiry, Nordgold took up all High River shares then validly deposited under the Offer and not previously taken up, being an additional 77,776,721 shares. With the acquisition of these shares, Nordgold has acquired an aggregate of 192,039,770 High River shares under the Offer, representing approximately 91.6% of the High River shares held by shareholders other than Nordgold as of the commencement of the Offer. Nordgold now owns 822,667,242 shares of High River, representing approximately 97.9% of the issued and outstanding High River shares.


Corporate Communications
Procurement Department