Toronto, Ontario

April 29, 2008

Press Release 07 – 2008

Nayarit Gold announces appointment of Megan Spidle

as Chief Financial Officer

Nayarit Gold Inc. (TSXV: NYG) is pleased to announce the appointment of Megan Spidle as Chief Financial Officer effective May 12, 2008.  

Ms. Spidle is a Chartered Accountant with over 10 years experience in public practice, most recently as a Senior Manager of Assurance and Advisory Services at Deloitte & Touche, LLP..  Ms. Spidle also worked as Manager of Financial Reporting for Duke Energy, and was responsible for the financial accounting and reporting including the oversight of the quarterly and annual financial statements.  Ms. Spidle is a David Hope Honour Role Recipient and was the Nova Scotia Bronze medallist for the Canadian Institute of Chartered Accountants Uniform Final Examination.    

 “We are extremely pleased to have Ms. Spidle join Nayarit’s management team,” stated Colin Sutherland, President & CEO.  “Ms. Spidle brings tremendous financial leadership to our rapidly growing organization.  With the addition of Ms. Spidle to the management team, we have now fully transitioned all corporate functions to Halifax, Nova Scotia and have reduced corporate overhead costs dramatically.”

The Board of Directors and Management team would like to thank Mr. Dennis Waddington, the Corporation’s former Chief Financial Officer, for his valuable contribution to the Company since inception.  

The Board of Directors has granted 2,440,000 options under the incentive stock option plan previously approved by shareholders to directors, officers, employees and consultants.  Of this total, 1,215,000 options were granted to officers of the Company.  The options are exercisable at $0.50 and expire on April 25, 2013.         

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.