v2.4.0.8

Nevada Gold Corp. (FORMERLY MASSEY EXPLORATION CORP.) - (An Exploration Stage Company) - Balance Sheet (USD $)	Nov. 30, 2013	Feb. 28, 2013	Nov. 30, 2012
Cash	$ 5,180	$ 254	$ 529
Prepaid Expense	2,700	0
Total Current Assets	7,880	254
Property (per option agreement)	3,845,000	0
Total fixed assets	3,845,000	0
Total Assets	3,852,880	254
Accounts Payable	86,734	87,934
Current portion - property option	330,050	0
Loan Payable	67,563	67,563	51,813
Loan Payable - Related Party	28,731	24,130
Loan Payable to director	3,975	0
Loan Payable MacClellan	77,514	0
Total Current Liabilities	183,747	179,627
Long term portion (property option)	3,480,000
Total long term liabilities	3,480,000
Total Liabilities	4,074,556	179,627
Preferred Stock	0	0
Common Stock	53,550	53,550
Additional Paid-in Capital	24,450	24,450
Deficit accumulated during exploration stage	(299,686)	(257,373)
Total Stockholders' Equity	(221,686)	(179,373)
Total Liabilities and Stockholders' Equity	$ 3,852,880	$ 254

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. For classified balance sheets, used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); for unclassified balance sheets, used to reflect the total liabilities (regardless of due date).

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Cumulative net losses reported during the development stage.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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Aggregated carrying amounts of obligations as of the balance sheet date, excluding long-term debt, incurred as part of the normal operations that are expected to be paid after one year or beyond the normal operating cycle, if longer. Alternate captions include Total Deferred Credits and Other Liabilities.

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Nevada Gold Corp. 10-Q/A