Standard & Poor's Initiates Factual Stock Report Coverage on Corvus Gold Inc.

Standard & Poor′s announced today that it has commenced Factual
Stock Report coverage on Corvus Gold Inc.

Corvus Gold Inc. (TSX:KOR), in the exploration stage as of February 28,
2011, acquires, explores and evaluates mineral properties. It has
interests in properties in Alaska and Nevada, which were formally held
by International Tower Hill Mines before being spun out into Corvus in
August 2010.

Corvus holds four advanced to early-stage projects in Alaska (Chisna,
Terra, LMS and West Pogo) and the North Bullfrog Project in Nevada. The
company's primary goal is to discover major new gold deposits.

With a technical management team that has previously made multiple gold
discoveries, the company's strategy is to leverage its expertise and
assets by utilizing partner funding during the high-cost, development
phase of exploration to minimize shareholder financial risk while
building a non-operator, gold production portfolio with significant
carried interests and royalty exposure. To meet this objective, the
company's four Alaskan projects have been joint ventured under
arrangements in which the joint venture partner provides 100% of the
funding to reach the next major development milestone, with Corvus
retaining royalty and carried interest positions. The company's joint
ventures in Alaska are operated through Raven Gold Alaska Inc., its
wholly owned Alaska subsidiary. The company has retained 100% interest
in the North Bullfrog Project in Nevada, which has a number of
high-priority, bulk tonnage and high-grade vein targets.

The North Bullfrog Project in Nevada is controlled 100% by the company
and covers 24 square kilometers of United States federal unpatented and
leased patented claims. The North Bullfrog Project targets
low-sulphidation epithermal-style gold mineralization of a style similar
to that at the Bullfrog mine operated by Barrick Gold Corporation until
1998 and located eight kilometers to the south.

S&P
Factual Stock Report coverage on Corvus Gold will also be accessible
on an ongoing basis to the investment community by scores of buy-side
institutions and sell-side firms that utilize S&P research and
information platforms daily. Millions of self-directed investors also
have access to the report via their e-brokerage accounts. Please visit www.corvusgold.comfor additional information.

About Standard & Poor's Factual Stock Reports

This Standard & Poor′s service provides factual research coverage
enabling information about Corvus Gold and other securities to
reach a wide investor audience of Buy and Sell-side investors, helping
them understand a company′s fundamentals and business prospects.
Currently profiling over 500 issuers, S&P Factual Stock Reports increase
market awareness for issuers in the investment community with insightful
commentary and key statistics/information. Updated weekly with the
latest pricing, trading volume, and other data, the reports include
recent developments, a financial review, key operating information,
Industry and peer comparisons, institutional holdings analysis, Street
Consensus and opinions, performance charts, business summary,
fundamental data, and news. Because coverage of these reports is
sponsored by the issuer, S&P does not offer investment opinions
concerning the advisability of investing in these stocks.

Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor′s. Standard & Poor′s Factual
Report research has no access to non-public information received by
other units of Standard & Poor′s. Standard & Poor′s does not trade on
its own account.

Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P′s STARS research) are eligible to obtain
this coverage.

About Standard & Poor's

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Corvus Gold

Shirley Zhou, 604-638-3247

szhou@corvusgold.com

or

Standard
& Poor's

Customer:

Richard Albanese, 212-438-3647

richard_albanese@standardandpoors.com

or

Media
Relations

Michael Privitera, 212-438-6679

michael_privitera@standardandpoors.com