Halifax, Nova Scotia

November 18, 2008

Press Release 018 � 2008

Nayarit intersects 3.89 g/t gold equivalent over 24.68 metres

or 1.31 g/t gold and 129.29 g/t silver

Nayarit Gold extends potential mineralization �

zone to approximately 3 kilometres,

with additional targets identified

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.

Nayarit Gold continues to operate at its Orion Project with two drill rigs on a full time basis. The focus of the drill program is to continue drilling at the Animas/Del Norte Discovery zone, drill test both the new San Francisco Target area and the historic Pantaleona area, along with drill testing new targets as they are developed.� Recently, the Company acquired additional concessions which surrounded the Animas/Del Norte Discovery zone, and its first drill program within these new concessions at the San Francisco Target area has been successful. The company has verified documented mineralization by the previous owner.� The Company will continue to drill the Animas/Del Norte Discovery zone aiming to complete a NI 43-101 compliant resource during the first half of 2009 and drill the new San Francisco Target and historic Pantaleona area to outline its potential mineralization.

Animas/Del Norte Discovery

At the Animas/Del Norte Discovery, the Company continues to expand the zone of mineralization.� In the recent set of drilling Hole OR-08-66, a step out hole, provided the most significant intersection assaying 24.68 meters of 3.89 g/t gold equivalent (1.31 g/t gold and 129.3 g/t silver), plus two other zones including 2.37 meters of 10.04 g/t gold equivalent (6.07 g/t gold and 198.13 g/t silver) and 4.07 meters of 2.15 g/t gold equivalent (1.41 g/t gold and 37.24 g/t silver). Drill hole OR-08-66 is on the western side of the discovery and is the first significant intersection to the west.� Hole OR-08-66 was drilled on section 746, and is one of the shallowest holes on the western flank of Animas/Del Norte Discovery Zone piercing three zones of mineralization.

Drilling to the east along the Animas/Del Norte Discovery has traced the mineralization to section 1159. Drilling to the east will now concentrate on infill drilling and deepening the zones of mineralization as they are still open to depth.

Table reporting mineralized intercepts from the Las Animas/Del Norte Discovery Zone:

*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.

San Francisco Target

The San Francisco Target area is approximately 1.4 kilometers due west of Animas/Del Norte and surface mapping has confirmed mineralization throughout the San Francisco Target area is along the same vein set that hosts the Animas/Del Norte structure.

The Company has twinned several drill holes completed during the 1990�s by the previous owner. The Company has received assays for three holes with 5 holes pending assay results. The Company intersected 9.57 meters of 3.97 g/t AuEq (2.18 g/t Au and 89.5 g/t Ag) in hole OR-08-116.� The vein material and mineralization intersected in the core appears visually similar to that at the Animas/Del Norte Discovery. Confirmation drilling is ongoing as well as exploration along the structure as the Company develops additional drill targets.� The structure in the San Francisco Target area appears open to both east and west.

Table reporting mineralized intercepts from the San Francisco Target area:

*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.

Pantaleona Target

The Pantaleona Target is located 900 meters east-southeast from the Animas/Del Norte Discovery zone.� Results from the first hole at the Pantaleona target have been received and they indicate a broad, near surface zone of mineralization.� These results are particularly encouraging as they confirm a strike length of greater than 3 kilometers from San Francisco to Pantaleona, containing strongly mineralized veins over mineable widths.� The Company has 4 holes from the Pantaleona target with assays pending.

Table reporting mineralized intercept from the Pantaleona Target area:

*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.

San Judas Tadeo Target

The San Judas Tadeo Target is located 450 meters southeast of the Animas/Del Norte discovery zone.� The area is characterized by broad zones of quartz vein breccias and extensive stockwork.� Previous small scale mining by operators including Penoles are reported to have mined very high grade ores from San Judas Tadeo.� The Company will be drilling this target before the end of 2008.

San Sebastian Target

The San Sebastian Target is located in the newly acquired claims between Animas/Del Norte and San Francisco.� This target area is the site of significant historic mining.� The Company is compiling historic data on this target which includes underground sample results up to 13.45 g/t Au and 1,855 g/t Ag.� The Company will be drilling this target before the end of 2008.

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

http://www.nayaritgold.com/projects_animas.html

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 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

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.