Nevoro Inc.
TSX : NVR

Nevoro Inc.

October 04, 2007 11:16 ET

Nevoro Inc. Acquires the Jenny Hill Gold Project

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2007) - Nevoro Inc. ("Nevoro") (TSX:NVR) is pleased to announce, subject to regulatory approval, the acquisition of the Jenny Hill gold project located in Nevada's notable Walker Lane structural belt.

The Jenny Hill project comprises 182 unpatented claims in Mineral County, about 100 km (60 miles) southeast of Fallon, NV. The property is located on the northern margin of the Walker Lane structural belt and is situated on-trend between the 1.7 million oz Rawhide gold mine and the 1.5 million oz Paradise Peak gold mine. A large body of Mesozoic diorite has intruded Triassic sedimentary rocks creating extensive zones of skarn alteration with associated gold-silver-copper mineralization. Other targets on the property include the following

- two sets of quartz veins which contain greater than 1 oz/ton gold along with crystalline stibnite;

- a quartz veinlet stockwork zone with a strike length of 365 m (1200 ft) containing anomalous copper and gold values;

- a thick section of calcareous sediments containing anomalous gold, arsenic, antimony and mercury values;

- an intensely altered, diorite- matrix breccia pipe;

- a prominent magnetic high on the pediment.

An extensive data package created by a previous lessee includes assays and logs for 10 RC holes, a detailed geological map, a ground magnetic survey and rock chip samples with multi-element assay results for the entire project as well as a gravity survey and soil sampling survey for selected portions of the project.

Earlier drilling on the fringes of the gold anomaly in calcareous sedimentary rocks intersected 22 m (75 ft) of 81 ppb gold, and drilling on the eastern edge of the diorite intrusive intersected 152 m (500 ft) of mixed altered dikes and skarn zones with a maximum gold value of 140 ppb. None of the other targets have been drilled and no multi-element analyses were done on any of the holes.

Nevoro will conduct detailed evaluations of the untested target areas and will do multi-element analyses on select intervals of the drill cuttings to determine mineral zonation patterns on the project. Drilling is anticipated in early 2008.

The property was acquired under a Lease with Option to Purchase Agreement from a private party. The basic lease terms call for a payment of $11,700 on signing with payments of $15,000, $25,000, $35,000 and $50,000 due on subsequent anniversaries. Nevoro is required to purchase the claims for $500,000 before mining activity begins. Up to $300,000 of previously made payments will be credited toward the purchase price. A 3% NSR royalty to the owner survives the purchase of the claims, and one third of this royalty can be purchased for $1,000,000.

The qualified person under National Instrument 43-101 responsible for all technical data reported in this news release is Mr. Ken Brook, RPG, Vice President, Exploration for Nevoro Inc.

About Nevoro Inc.

Nevoro is a Canadian exploration company, listed on the Toronto Stock Exchange, currently focused on the discovery of precious metals in Nevada, USA. Nevoro now holds 10 projects in Nevada, 8 of which are wholly owned or optioned and two are currently leased to third parties. St. Elmo, Dome Hill, Silver King and Cross are the prime projects (100% Nevoro), and will be the focus of Nevoro's initial exploration effort.

CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Nevoro Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Nevoro Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Nevoro Inc. with securities regulators.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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