NioGold Announces $4,000,000 Private Placement

Detailed Quote for Niogold Mining Corp. (NOX:CA)
$ 0.325 RT

Vancouver, BC - January 30, 2013. NioGold Mining Corporation (TSX-V:NOX) ("NioGold" or the "Company") is pleased to announce that it has arranged a brokered private placement of up to 7,550,000 flow-through shares ("FT Shares") at a price of $0.54 per share for gross proceeds of up to $4,077,000.
Salman Partners Inc. will act as the lead agent for the offering and will receive a cash commission of 6.5% of the gross proceeds from the sale of the FT Shares.
The offering remains subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period under Canadian securities laws. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to or for the account or benefit of a U.S. person. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities in the United States or to a U.S. person.
NioGold Mining Corporation is a mineral exploration company focused on gold. The Company's flagship projects are located in the Cadillac - Malartic - Val-d'Or region of the prolific Abitibi gold mining district in Quebec. The Cadillac, Malartic and Val-d'Or mining camps have produced over 45 million ounces of gold since the 1930's and presently encompasses six producing gold mines including Osisko Mining's new Canadian Malartic operations. NioGold's land holdings within the Abitibi presently cover 130km2 and encompass four former gold producers, namely the Norlartic, Kierens (First Canadian), Marban and Malartic Hygrade mines that collectively produced 640,000 ounces of gold.
NioGold's experienced and qualified technical team are overseeing the advancement of these projects, with current drill programs underway targeting expansion of the resource base.
NioGold invites you to visit the company website at www.niogold.com.

For information on NioGold Mining Corporation contact:
Michael A. Iverson, President & CEODale Paruk, Vice-President
miverson@niogold.comdparuk@niogold.com
Tel: (604) 856-9887Tel: (604) 662-4505
Toll-free: (877) 642-6200