Capital Gold Corporation and Nayarit Gold Inc. Enter Into Business Combination Agreement

ENPNewswire-12 February 2010-CAPITAL GOLD CORPORATION AND NAYARIT GOLD INC. ENTER INTO BUSINESS COMBINATION AGREEMENT(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 11022010 - NEW YORK and HALIFAX, NS - Capital Gold Corporation (NYSE Amex: 'CGC'/TSX:CGC) ('Capital Gold') and Nayarit Gold Inc. (TSX:NYG) ('Nayarit') today jointly announced that they have entered into an agreement (the 'Agreement') with respect to a proposed business combination in an all-share transaction subject to the completion of satisfactory due diligence, receipt of Nayarit and Capital Gold shareholder approval, receipt by Nayarit of a fairness opinion, regulatory approvals and the satisfaction of certain other conditions. The transaction is expected to close in May 2010.