NFX Gold Inc Provides Update on Larder Lake Property Drilling Program by 24hgold

NFX GOLD INC.

PRESS RELEASE

NFX Gold Provides Update on Larder Lake Drilling Program

Toronto, Canada: October 25, 2007 - NFX GOLD INC. (NFX: TSX Venture Exchange) ("NFX")is pleased to report that diamond drilling is continuing on NFX's Larder Lake Property, following up on the two high-grade intersections from hole No. 11 (10.4 grams per tonne Au over 5.2 metres and 13.3 grams per tonne Au over 6.0 m) which were reported by NFX on August 15, 2007. NFX's joint venture partner, Maximus Ventures Ltd. ("Maximus") has reported that three holes are completed and a fourth hole is in progress and that assay results are still pending.

Maximus is conducting the drilling program pursuant to the Option and Joint Venture Agreement between Maximus and NFX, whereby Maximus has the right to earn a 60% interest in NFX's interest at LarderLake by expending $6 million on exploration by December 31, 2008. Results of the current drilling program will be released when available.

For further information please contact either Thomas G. Larsen, President and Chief Executive Officer of NFX or Jorge Estepa, Vice President of NFX, at: telephone: (416) 360-8006; fax (416) 361-1333.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current internal projections, expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.

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