AMERICAN NEVADA COMMENCES DEEP DRILLING AT GOLD BAR PROPERTY IN NEVADA

AMERICAN NEVADA GOLD CORP.

FOR IMMEDIATE RELEASE
Thursday, July 3, 2003
(No.2003-06-07)

Contact:   
Investor Relations
Phone (604) 684-2114
info@varshneycapital.com

AMERICAN NEVADA COMMENCES DEEP DRILLING AT GOLD BAR PROPERTY IN NEVADA

(PRWEB) July 3, 2003 - AMERICAN NEVADA GOLD CORP. ("American Nevada") is pleased to report that drilling has commenced at the Gold Bar Property located in the Battle Mountain / Eureka mineral belt in central Nevada. The Gold Bar project is held under an option agreement with American Bonanza Gold Mining Corp.

The drill rig arrived on site on July 2, and is a Drilltec model DH-3. The DH-3 is a specially built drilling rig designed for deep drilling. The drill is owned and operated by the drill contractor, Lang Exploratory Drilling, based in Elko, Nevada.

This initial drill program is designed to provide preliminary information concerning stratigraphy, alteration and possible gold mineralization in the Roberts Mountains Formation at the intersection of mineralized structures. The target deposit would occur where the feeder structures intersect the Roberts Mountains Formation, and would be a high grade, deep Carlin type deposit.

Production at the Gold Bar Pit by Atlas Corporation and its subsidiaries began in 1987 and continued until the mine closed in 1994. A total of 7,514,600 tons grading 0.074 opt gold were produced, with recoveries averaging 87%, resulting in production of 485,000 ounces of gold, as previously announced.

Additional information about American Nevada and its properties can be obtained at www.americannevadagold.com. For further information please contact Investor Relations at (604) 684-2114.

AMERICAN NEVADA GOLD CORP.

"Hari B. Varshney"

Hari B. Varshney
President

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