MAY 8, 2006 - 16:38 ET
NFX Gold Inc. Closes Strategic Property Acquisition
TORONTO, ONTARIO--(CCNMatthews - May 8, 2006) - Not for dissemination in the United States
NFX GOLD INC. (TSX VENTURE:NFX) ("NFX" or the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange in connection with the previously announced acquisition (the "Acquisition") from Mr. Brian Wright (the "Vendor"), of a 100% interest in 16 mining claims (collectively the "Property") located along the Larder Lake Break in northeastern Ontario. The Property consists of 16 mining claims in McGarry, Hearst and McFadden Townships, which are located to the east of NFX's 100% owned Larder Lake Properties. The terms of the Acquisition were announced in the Company's press release of April 13, 2006. In connection with the Acquisition, the Company issued 20,000 common shares of NFX to the Vendor (the "Shares"). The Shares issued pursuant to the Acquisition are subject to a hold period which expires September 9, 2006.
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