Northern Vertex Underground Channel Samples Return 91.4 m Averaging 2.64 gpt Gold eqv and 41.2 m Averaging 1.81 gpt Gold at Moss Gold-Silver Project in Arizona

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 Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce initial results from underground sampling of historic workings at the Moss Gold-Silver project in Mohave County, Northwestern Arizona. Channel samples were taken at 5-foot intervals across the 'back' (roof) of drifts and cross-cuts on the minus 60 level in the vicinity of the property's Allen Shaft.

States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with initial assay results from the sampling program. The underground workings observed at Moss are far more extensive than originally anticipated. Current results are consistent with and support our previous phase I and phase II drill results which showed 1.5+ gpt gold equivalent grades extending across the Moss Gold-Silver system. The Main Drift East averaged 4.73 gpt gold eqv over 6.1 m and stopped in 7.58 gpt gold eqv mineralization. We expect these consistent and continuous high-grades encountered underground will play a significant role in further boosting the size and grade of our established Gold-Silver resource as we continue our resource expansion program underground and to the west of the Moss Gold-Silver system."

Metric Underground Sampling Area Intvl (m) AuEq¹ (gpt) From (m) To (m) Au (gpt) Ag (gpt) Office Cross-Cut - 60 Level 41.15 1.81 48.77 89.92 1.61 8.3 including 22.86 2.68 62.48 85.34 2.38 11.8 Main Drift West - 60 Level 91.44 2.64 1.52 92.96 2.26 14.9 including 9.14 5.06 3.05 12.19 4.48 23.3 Main Drift East - 60 Level 6.10 5.60 1.52 7.62 4.73 35.1

Imperial Intvl (ft) AuEq¹ (opt) 135 0.053 75 0.078 300 0.077 30 0.148 20 0.163

¹ AuEq (gpt) = Au (gpt) + 1/40 x Ag (gpt)
opt = troy ounces / short ton (2000 lbs)
gpt = grams / metric tonne (1000 kg)

The Company reports underground sampling is continuing at the Moss Gold-Silver Project and additional results from the program are expected in the near future.

The geological disclosure in this press release has been reviewed and verified by Northern Vertex's Chief Geologist, Dr. Bob Thompson, PhD P Eng (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects).

All analyses were performed by Inspectorate America, Reno, using industry standard protocols. For full QC/QA procedures please visit www.northernvertex.com/QCQA.html

Northern Vertex has the right to earn a 70% interest in the historic Moss Gold-Silver Property located in Mohave County, Arizona from Patriot Gold Corp. Subsequent to the Northern Vertex earn-in, financing of project will be on a proportional basis.

About Northern Vertex: Northern Vertex is a gold exploration and development company operating principally in the United States and Canada. The Company comprises an experienced management group with a strong background in all aspects of acquisition, exploration, development and financing of precious metal mining projects. The Company's stated mandate is to acquire, develop and advance gold projects that demonstrate near term production potential and long-term sustainable growth.

ON BEHALF OF THE BOARD OF NORTHERN VERTEX

"Joseph Bardswich"

Director

For further information, please visit www.northernvertex.com
or contact Investor Relations at: 604-601-3656

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in
such statements.

2012 number 12

The big new thing in gold - capital adequacy ratios

Ross Norman looks at the implications for gold of an increased focus on the assets banks are allowed to hold as tier one capital.

Author: Ross Norman
Posted:  Tuesday , 29 May 2012 

Forgive the hyperbole in the headline but we wanted to get your attention as something quite profound is happening that could propel gold to record new highs. Yes, potentially the biggest thing since the birth of the gold ETF and the liberalisation of the Chinese gold market in 2003. A decade on and we have grounds for saying that gold may well see a significant leg higher... the big new thing in gold. I'll explain...

Banking capital adequacy ratios, once the domain of banking specialists are set to become centre stage for the gold market as well as the wider economy. In response to the global banking crisis the rules are to be tightened in terms of the assets that banks must hold and this is potentially going to very much favour gold. The Basel Committee for Bank Supervision (or BCBS) as part of the BIS are arguably the highest authority in banking supervision and it is their role to define capital requirements through the forthcoming Basel III rules.

In short, they are meeting to consider making gold a Tier 1 asset for commercial banks with 100% weighting rather than a Tier 3 asset with just a 50% risk weighting as it does today. At the same time they are set to increase the amount of capital banks must set aside as well. A double win potentially.

Hitherto banks have been much dis-incentivised to hold gold while being encouraged to hold arguably riskier assets such as equity capital, currencies and debt instruments, none of which have fared too well in the crisis. With this potential change in capital adequacy requirements. bank purchases of gold would drive up its value relative to other high quality qualifying assets, increasing its desirability for regulatory purposes further. This should result in gold being re-priced to bring it on a par with all other high quality assets.

Currently banks have to have core Tier 1 capital ratio of 4% of which will rise to 6% from the beginning of next year. In addition to its store of value merits, central to the argument in favour of gold as a bank reserve is its countercyclical nature to most other assets in that it tends to be inversely correlated. Gold is ideal as it bears no credit risk. it involves no other counterparty and it is no one's liability. It is a reserve asset diversifier if you like.

This is a treble win for gold - it would be a major endorsement of its role in preserving wealth and as a store of value from the highest financial authority, it would lead to significant purchases of gold by major financial institutions and it would lead to a reappraisal of its value with respect to other Tier 1 capital such as quality sovereign debt. Under the new rules gold could become a very significantly larger proportion of a reserve pool which is about to grow very much larger.

The 2 questions that come to my mind are when and how much metal - on timing Basel III kicks in from January 2013 with a further tightening in capital adequacy ratios in 2018. That said, it is not yet clear when gold's re-rating to Tier 1 might take place.

In terms of amount of gold that could be purchased that is harder still - if we thought that say 2% of total current Tier 1 capital held by commercial banks globally might be converted into gold (forgetting for a moment about the increases in capital yet to be seen) - this would suggest that 2% of the $4,276 bn would be converted to gold. That is equivalent to $85 bn in gold which at current market prices is equivalent to 1,700 tonnes of gold.

Another way of looking at this is to consider that commercial banks would be holding gold for precisely the same reason that central banks do - and the largest 110 central banks in the world have 16% of their reserves as gold - as such a figure of just 2% is really quite a modest expectation - ultimately it will be a question of price and expectations of price change that would determine the rate of uptake in the short term.

For those anxiously about the lacklustre market - this could well promise to be game-changer of epic proportions.

Ross Norman 
CEO
Sharps Pixley 

www.SharpsPixley.com

www.PGM.net