Halifax, Nova Scotia

September 24, 2008

Nayarit intersects 15.08 g/t gold equivalent over 6.8 metres

or 4.34 g/t gold and 536.9 g/t silver

Nayarit Gold extends mineralization

zone an additional 150m to the East

Nayarit Gold Inc (TSXV: NYG) is pleased to report additional encouraging drilling results from its ongoing 30,000 metre Phase II drill program at the Orion District in the State of Nayarit, Mexico.

The Company has continued step out drilling east of the discovery zone, and has encountered a broad section of high grade gold and silver mineralization in sections 999, 1079 and 1159 which extends the mineralized target zone another 150 metres to the east.  Drilling in section 999 tested the upper part of the mineralized zone, and encountered potential bulk tonnage zones intersecting 27.53 metres of 0.49 g/t gold and 108.5 g/t silver, or 2.66 g/t gold equivalent.  The Company is continuing to step out towards the historic Panteleon mine located 800 metres to the east of the Animas/Del Norte structure with one drill rig, with the other drill rig mobilized to the west in the San Francisco area.  The Company�s primary objective is to continue step out drilling at San Francisco and Pantaleon which could extend the mineralization zone to approximately 4 kilometres in length.

Grab samples taken from the Pantaleon workings, located about 800 metres east of hole OR-08-71, returned significantly high values. A series of grab samples taken from mineralized outcrop assayed as high as 4.83, 10.75, 12.50 and 12.25 g/t Au and 256, 1,150, 836 and 1,135 g/t Ag respectively. Samples were collected along an 80 metre strike of the vein. An ongoing mapping, rock and soil sampling program will be followed by drilling in the Pantaleon area. Preliminary mapping between the Animas/Del Norte structure and the Pantaleon suggests they may be hosted in the same structure.

�The drill results continue to extend the mineralization zone at Orion along strike to the east. The results continue to exhibit very positive grades and width, and the upper part of the mineralized zone demonstrates bulk tonnage potential,� stated Colin Sutherland, President & CEO.  �The grab samples at the Pantaleon mine demonstrate continuity and potentially yet another extension of the mineralization zone 800 metres east.�   

Highlights from the most recent drilling campaign on Sections 999, 1079 and 1159 are as follows:       

Table 1: Orion District Drill Hole Intercept Summary    

*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.

Drill hole OR-08-55 was drilled on section 999 with holes OR-07-32 and 34. The Company previously released data down to 189 metres on April 8, 2008. This drill hole intersected the Del Norte vein from 158 to 179 metres, and then a series of stockwork on the north side of the vein.  The Company deepened the hole, and recorded a significant mineralized zone of 7 metres, between 230.4 and 237.4 metres, assaying 1.46 g/t gold and 95 g/t silver or 3.35 g/t gold equivalent.  The combined vein and stockwork zone in this hole is summarized 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_animas.html

William J. Warren Jr., M.Sc., P.Geo and 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 Guadalajara, Jalisco (Certification ISO 9001). Sample pulps are shipped from there to ALS-Chemex Laboratories in North Vancouver, Canada for analysis by ICP techniques. Metallic screen fire analyses for silver are also regularly run as an additional QA/QC check. 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