Toronto, Ontario
May 14, 2008

Press Release 09 – 2008

Nayarit Gold drills 48.35 metres of 2.74 g/t gold and 218 g/t silver,
or 7.10 g/t gold equiv
Includes 23.78 g/t gold and 2,040 g/t silver, or 64.58 g/t gold equiv
over 3 metres

Nayarit Gold Inc. (TSXV: NYG) is pleased to announce additional drill hole results from its Phase II drill program on the Animas discovery zone at the Orion Silver-Gold District.

Drill hole OR-08-59 was drilled on section with OR-07-36, along with OR-08-61. Holes OR-08-59 and OR-08-61 were drilled above OR-07-36 to test for mineral continuity. Both holes displayed continuity of mineralization towards the surface with OR-08-59 intersecting 48.35 metres of 2.74 g/t gold and 218 g/t silver from a depth of 177.65 metres, including a high-grade intercept of 3.0 metres of 23.78 g/t gold and 2,040 g/t silver.  Based on data from hole OR-07-36, it appears drill holes OR-08-59 and OR-08-61 were terminated short, however the potential for additional mineralization will be tested by further deepening both holes.

Drill holes OR-08-56 and OR-08-57 were drilled on section with hole OR-07-31 from Phase I, the purpose of which was to test the depth extension of the mineralization.  Hole OR-07-31 intersected 2.37 g/t gold and 331.20 g/t silver over 10.5 metres.  Hole OR-08-57 returned 4.75 metres of 3.38 g/t gold and 50 g/t silver, including a 0.95 metre section assaying 8.69 g/t gold and 128 g/t silver.  Hole OR-08-56 returned 43.50 metres of 0.37 g/t gold and 40.5 g/t silver.  The intercept in OR-08-57 is approximately 279 metres below the drill collar and makes it one of the deepest holes to date that has intersected mineralization, which is still open to depth. Mineralization in both these holes was recorded near the bottom of these holes, and thus they will be deepened to test for additional zones.

Two recently completed holes, OR-08-60 and OR-08-63, have illustrated great potential in the mineralizing system at the Animas discovery zone. These deep holes intersected a series of additional veins and breccia units beyond all the previously drilled holes at the Animas discovery zone. Data from these holes will help determine the width of the vein system, which will be implemented through future drilling. This data will also help to determine the depth previously drilled holes will be extended to test the system.

Table of results

Hole	From (m)	To (m)	Width (m)	Gold (g/t)	Silver (g/t)	Gold Eq	Silver Eq
OR-08-59	177.56	226.0	48.35	2.74	218	7.10	355
including	192.0	226.0	34.0	3.80	306	9.92	496
including	211	214	3.0	23.78	2,040	64.58	3,229
OR-08-56	222.00	265.50	43.50	0.37	40.5	1.2	58.9
including	222.00	223.00	1.00	1.9	145	4.8	241.3
including	250.00	265.50	15.50	0.49	82.2	2.1	106.6
including	255.00	265.50	10.50	0.54	98.9	2.5	126.1
including	261.00	265.50	4.50	0.78	137.6	3.5	176.6
and	261	271.5	10.50	0.56	105.1	2.6	133.2
OR-08-57	299.6	307	7.40	0.64	56.5	1.7	88.4
including	299.6	300.4	0.8	2.35	306	8.5	423.5
and	334.25	340	5.75	2.91	43.2	3.8	188.7
including	335.25	340	4.75	3.38	49.8	4.4	218.9
including	335.25	336.2	0.95	8.69	128	11.3	562.5
OR-08-61	54.4	55.1	0.7	0.68	92.5	2.53	127
and	166.0	167.0	1.0	0.57	77.3	2.12	106

Hole OR-07-37 was also deepened with the hole intersecting a series of small veins beyond its original depth. The deepened section returned anomalous values through the intersected veins.  The Company will now test for potential mineralization above the original intersection between 498.5 and 499.7 metres which returned 4.22 g/t gold and 6 g/t silver.

To date a total of 19 holes have been drilled at the Animas discovery zone, with two holes still in progress. Assays will be released when received.  For additional information including drill hole maps and cross sections, please click on the following link:

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

Colin Sutherland, President & CEO or Nayarit Gold Inc. comments “The drill results illustrate the continuity and the high-grade nature of the mineralization in the Orion District.  The results also demonstrate that the system is still open to depth and along strike.  The Company recently completed several holes in excess of 500 and 600 metres, and the system at the Animas discovery zone appears to be wider than initially believed and mineralized at considerable depths based on initial review of the core.  With the recent acquisition of the additional mining concessions, we will continue to aggressively move forward with our Phase II exploration program and unlock the potential of our 1,100 square kilometres and 19 silver-gold zones.”

The Company has also engaged San Diego based Torrey Hills Capital, Inc. led by Mr. Cliff Mastricola, to perform investor relations services for the Company, including developing awareness of Nayarit’s compelling exploration success to the US broker and analyst community.  The contract is for six months, subject to regulatory approval, and renewable by both parties and includes a $5,000 fee payable monthly, and the provision of 125,000 stock options at $0.50 vesting over eighteen months and expiring on April 25, 2013. 

William J. Warren Jr., M.Sc., P.Geo is a Qualified Person 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 split 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 Halifax based 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.