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October 10, 2011

Niogold Mining Corp NOX-V $0.355

Shares Out… 96.8M
Market Cap… $34.4

NioGold Mining continues to deliver impressive results from their Marban Block jv with Aurizon. Drilling over the past 6 months has led to the discovery of two high grade zones including an intersection of 906.2 g/t over 2.9 meters in the High Grade Western Zone and 179.5 g/t over 1.2 meters in the Eastern Down Dip Zone. These results demonstrate the robust nature of the high grade system at Marban Block and the multimillion ounce resource potential.

Best results from the 'High Grade Western Zone' include…

· 35.2 g/t Au over 1.2m
· 5.9 g/t Au over 15.7m
· 26.4 g/t Au over 1m
· 19.8 g/t Au over 1.9m
· 81.1 g/t Au over 0.8m

Best results from the 'Eastern Down Dip Zone' include…

· 5.3 g/t Au over 12.8m
· 5.1 g/t Au over 6.1m
· 7.0 g/t Au over 10.9m
· 179.5 g/t Au over 1.2m
· 6.1 g/t Au over 12.6m

The discovery of these two zones of higher grade mineralization adds significant exploration potential to depth at the Marban Block. A new resource estimate is due out on Marban block by the end of the year which will add significant ounces to the project. NioGold is a safe bet in the $0.30 range with very little downside risk.

Happy Trading

Christopher Skidmore

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