Nayarit intersects 30.5 metres of 6.43 g/t gold equivalent, or 2.03 g/t gold and 220 g/t silver

Includes 14 metres of 12.5 g/t gold equivalent, or 3.99 g/t gold and 425.7 g/t silver

Halifax, Nova Scotia CANADA, December 02, 2008 /FSC/ - Nayarit Gold Inc. (NYG - TSX Venture), is pleased to report additional encouraging drilling results from its ongoing 30,000 meter Phase II drill program at the Orion District in the State of Nayarit, Mexico.

The data received encompasses 12 drill holes, providing for high-grade mineralization over a continuous 420 meter strike length along the Animas/Del Norte Discovery zone from sections 746 to 1159. Drill holes have been completed on sections 666, 746, 826, 1039, 1079, and 1119. Drill hole OR-08-94 on section 1119 returned one of the best single intervals to date assaying 30.5 metres of 6.4 g/t gold equivalent or 2.03 g/t gold and 220 g/t silver, while drill hole OR-08-87 on section 1039 returned 18.46 metres of 2.61 g/t gold equivalent, or 0.29 g/t gold and 115.81 g/t silver. Highlights of selected drill holes are illustrated as follows:

*Gold Equivalent Values were calculated based on 50 ounces of silver = 1 ounce of gold.

Metallurgical Recoveries and Net Smelter Returns are assumed to be 100%
No capping. The intervals recorded above are core lengths.

"The drill results continue to illustrate the continuity and high-grade nature of the Orion District. The mineralization at the Animas/Del Norte Discovery zone continues to deliver positive grades and widths," stated Colin Sutherland, President & CEO. "The San Francisco and Pantaleona discovery zones located to the east and west of the main Animas/Del Norte Discovery zone provide further evidence the system is still open at depth and along strike."

On November 18, 2008 (see Press Release 018-2008), the Company released data from two new discovery zones named San Francisco and Pantaleona. The discovery zones are approximately 1,400 metres to the west and 900 metres to the east respectively from the centre of the Animas/Del Norte Discovery zone. The significance of the new discovery zones creates a potential strike length of approximately 3 kilometers. Drilling continues in both areas and data is expected shortly from hole OR-08-122 drilled at the Pantaleona zone, and is approximately 730 metres to the SE of section 1159 at Animas/Del Norte Discovery Zone. Additional drilling has been completed on the San Francisco discovery zone, with drill cores presently being logged.

The table below highlights the remaining holes as follows:

*Gold Equivalent Values were calculated based on 50 ounces of silver = 1 ounce of gold.

Metallurgical Recoveries and Net Smelter Returns are assumed to be 100%
No capping. The intervals recorded above are core lengths.

For additional information including the long section and data please click on the link below:

http://www.nayaritgold.com/projects_...

Mr. Hall Stewart, Vice President, Exploration is a Qualified Person (QP) as defined in NI 43-101 and has reviewed this release.

QA/QC Procedures: The Company has implemented a quality control program to ensure best practices in sampling and analysis of the core samples. The core is first logged then sawn in half during the sampling process with the remaining half being retained for verification and reference purposes. Duplicates, standards and blanks are inserted randomly into the sample stream. The samples are delivered directly in security sealed bags to ALS-Chemex Laboratories preparation facility in Hermosillo, Sonora (Certification ISO 9001). Sample pulps are shipped from there to ALS-Chemex Laboratories in North Vancouver, Canada for analysis. Gold is determined by fire assay with an atomic absorption finish, silver is analyzed by ICP techniques with high grade values being confirmed by fire assay. Gold equivalent values are calculated using a 50:1 ratio.

Nayarit Gold Inc. is a junior resource company dedicated to gold exploration in the proven precious metal districts of Mexico. Management's goal is to build a profitable resource company and maximize shareholder value through successful exploration programs and continued development.

For further information on Nayarit Gold please visit the company's website at www.nayaritgold.com or contact:

Mr. Colin P. Sutherland
President & CEO
(902) 252-3833
info@nayaritgold.com

Cautionary statement

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Nayarit, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Nayarit's expectations are exploration risks detailed herein and from time to time in the filings made by Nayarit with securities regulators.

Source: Nayarit Gold Inc. (NYG - TSX-V) http://www.nayaritgold.com
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com