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June 22, 2009                                                          

[Investor name and address]

Ladies and Gentlemen:

You have previously entered into a Subscription Agreement (the “Agreement”) with
Nevada Gold Holdings, Inc., a Nevada Corporation (the “Company”), in connection
with the private placement offering (the “Offering”) of a minimum of 4,000,000
and a maximum of 8,000,000 units of securities (the “PPO Units”) issued by the
Company, at a purchase price of $0.25 per PPO Unit.  Each PPO Unit consists of
(i) one share of the Company’s common stock, par value $0.001 per share (“Common
Stock”), and (ii) a warrant representing the right to purchase one share of
Common Stock, exercisable for a period of five years at an exercise price of
$0.50 per whole share; and in the event the Offering is oversubscribed, the
Company may, in its discretion, sell up to 1,000,000 additional Units at the
same purchase price per Unit.

The Company desires to modify the terms of the Agreement to provide that the
minimum size of the Offering shall be 2,000,000 PPO Units.  All other terms of
the Agreement and the Offering will remain unchanged.  If you are in agreement,
please sign, date and return to us as indicated below a copy of this letter.  By
so doing, you also confirm the continued accuracy of the information in the
Investor Certification submitted by you with your subscription agreement.

Please send a signed copy of this letter to:

Gottbetter & Partners, LLP
488 Madison Avenue, 12th Floor
New York, NY 10022
Facsimile Number: (212) 400-6901
Telephone Number: (212) 400-6900
Attn: Rachel L. DeGenaro
E-mail Address: rlg@gottbetter.com

Nevada Gold Holdings, Inc.
1265 Mesa Drive
Fernley, NV 89408
(775) 835-6177
 

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June 22, 2009
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Thank you very much for your continuing support of Nevada Gold Holdings.
 

 
Very truly yours:
       
NEVADA GOLD HOLDINGS, INC.
       
By:
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Name: David C. Mathewson
   
Title:   President and CEO
     
Dated:  June __, 2009
           
SUBSCRIBER
         
Name of Entity
         
Signature
     
Print Name:
            
Title:
 

 
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