Nordgold Takes-Up Additional HRG Shares

Amsterdam, December 5, 2012 – Nord Gold N.V. (LSE: NORD) (“Nordgold”) announces that it has taken up an additional 6,026,997 shares of High River Gold Mines Ltd. ("High River", TSX: HRG) under its offer to acquire all of the outstanding shares of High River not already owned by Nordgold (the “Offer”). With the acquisition of these shares, Nordgold has now acquired 114,263,049 High River shares under the Offer, representing approximately 54.5% of the minority held shares in High River. Nordgold now owns 744,890,521 shares of High River, representing approximately 88.7% of the issued and outstanding High River shares.