TORONTO, ONTARIO (PINK SHEETS: NYRTF) is a Canadian gold and silver exploration company formed in May, 2005. The Company controls over 102,000 hectares of mining concessions in the State of Nayarit, Mexico. Management's strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties in the State of Nayarit, Mexico. The Company is committed to working with the government and people of Mexico to achieve a modern and sustainable mining region. The Company follows best practices in health and safety, environmental and community engagement.

In the report the analyst states:

"Nayarit Gold Inc. (NYG) is currently trading on the cusp of the key 5- weekly modified moving average at 0.481."

"My model shows monthly support at 0.331 with my weekly pivot at 0.471 and no nearby resistance levels."

"The 21- week moving average provides nearby support at resistance at 0.466 with the 50- week moving average providing nearby resistance at 0.588."

A free copy of the report can be found at:

http://www.baystreet.ca/articles/research_reports/ccm_research/NYG_Technical%20Report_May%2013%2C%202008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $45,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalizations.

Cronus Capital Markets� (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

SOURCE: Cronus Capital Markets

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contacts: Cronus Capital Markets Peter Soni Chief Information Officer (416) 368-3700 ext 225 Email: Peter@cronuscapitalmarkets.com

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