The K2 Principal Fund L.P. acquires common shares of Nevada Pacific Gold Ltd.



    TORONTO, March 26 /CNW/ - The K2 Principal Fund L.P. ("K2") announced
that it has acquired common shares of Nevada Pacific Gold Ltd. ("Nevada
Pacific"). As a result of the acquisition of such common shares, K2 owns
3,563,900 common shares, representing approximately 5.05% of the issued and
outstanding common shares of Nevada Pacific.
    The common shares were purchased by K2 in the open market on the TSX
Venture Exchange. K2 acquired the securities for investment purposes only and
may, depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its current
rights to acquire, common shares or other securities of Nevada Pacific through
market transactions, private agreements or otherwise.





For further information:

For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)
365-2155


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