CCM Liquidity Report: Nayarit Gold, Inc. (TSX VENTURE: NYG) (PINK SHEETS: NYRTF)

TORONTO, ONTARIO (PINK SHEETS: NYRTF) -


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CRITERIA                                        21-May-08
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MKT CAP (millions)                         $         28.8
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50 DAY AVG. VOLUME                                 63,500
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50 DAY AVG. VALUE                          $    30,791.00
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50 DAY AVG. DAILY TRADES                               11
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50 DAY AVG. DAILY TRADE VALUE              $     2,799.00
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% OF FLOAT TRADED                                   0.14%
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In the most recent Technical Research Report, dated May 12, 2008, the analyst stated:

"Nayarit Gold Inc. (NYG) is currently trading on the cusp of the key 5- weekly modified moving average at 0.481."

"My model shows monthly support at 0.331 with my weekly pivot at 0.471 and no nearby resistance levels."

"The 21- week moving average provides nearby support at resistance at 0.466 with the 50- week moving average providing nearby resistance at 0.588."

In the most recent Fundamental Equity Report, dated March 24, 2008, the analyst stated:

"The Company continues to exhibit immense Au resource potential, drilling traction & continued positive assay results. Further, the Company has banked another funding round to cover 2008 operations, including a prospective resource estimate by year-end."

"With the completion of Phase I drilling and the start of Phase II, Nayarit is ramping up drilling in a big way with the aim of doing a resource calculation on the Animas Vein system by the end of the year. Presently, two drill rigs are turning and a third is expected shortly."

"Results from the drilling are showing this system is rich, being dominantly silver with strong gold credits. To date, the highlight intersection is from OR-07-32 which returned 11 metres of 1179 equivalent grams per tonne silver, or 23.6 grams per tonne gold."

The Liquidity Report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/NYG_Liquidity%20Report_May%2022%2C%202008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $45,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalization.

Cronus Capital Markets� (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

Contacts: Cronus Capital Markets Peter Soni Chief Information Officer (416) 368-3700 ext 225 Email: Peter@cronuscapitalmarkets.com

Nayarit Gold (TSXV:NYG)
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