Nevoro Inc.
TSX : NVR

Nevoro Inc.

October 10, 2007 15:31 ET

Nevoro Inc. Acquires the Monarch and Boulderfield Projects

TORONTO, ONTARIO--(Marketwire - Oct. 10, 2007) - Nevoro Inc. ("Nevoro") (TSX:NVR) is pleased to announce, subject to regulatory approval, the acquisition of the Monarch and Boulderfield projects, situated in Walker Lane structural belt in southwestern Nevada.

Monarch

The Monarch project is located about 48 km (30 miles) north of Tonopah, NV, within a zone of Paleozoic rocks containing serpentenites, banded iron formations and massive sulfide gossans.

Geologically, the Monarch Project has many similarities with the Finnish Outokumpu massive sulfide deposit, which contains copper, zinc, cobalt, nickel, vanadium, selenium and minor precious metal values. Samples collected from the project during a preliminary site visit returned maximum values of 8,490 ppm copper, 2,400 ppm zinc, 186 ppm cobalt, 2,700 ppm nickel, 1,900 ppm vanadium, 31 ppm selenium, 120 ppb gold and 1.6 ppm silver. A mapping and sampling program is planned for the project with drilling 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 $4,000 payment on signing, $25,000 on the first anniversary and purchasing the claims with a $100,000 payment on the second anniversary. Minimum advance royalty payments of $30,000, $50,000 and $75,000 are due on subsequent anniversaries. A sliding scale net smelter return ("NSR") royalty, from 2.5% to 5% based on the price of copper, and a 3% NSR on other metals, is paid to the owner and survives the purchase of the claims. Nevoro can purchase a 1% NSR royalty for $1,000,000. Nevoro is required to conduct a gravity survey on the property during the first year.

Boulderfield

The Boulderfield project is located about 26 km (16 miles) north of Tonopah, NV, and is about 6.4 km (4 miles) northwest of the Midway gold deposit. The 90 unpatented claims cover an area of Tertiary volcanic rocks which host northwest and north-trending structures. The northwest-trending structures reflect the Rye Patch fault zone which goes through the Thunder Mountain mineralized area, the Midway deposit and the Boulderfield project. The north-trending structures are parallel to the high-grade gold veins in the Discovery zone of the Midway deposit. Several north-trending, high-grade veins averaging 4.37 oz/ton gold over a true width of 1.79 m (5.9 feet) have been identified at the nearby Midway property.

An airborne magnetic survey of the Boulderfield project shows that some of the north-trending structures have an associated magnetic low and resistivity high geophysical signature. The magnetic lows are interpreted to reflect possible hydrothermal alteration and the resistivity highs are interpreted to reflect possible zones of silicification. Previous reverse circulation (RC) drilling on the project by Kennecott and Rio Algom tested targets along the northwest-trending structure and found only weak (greater than 50 ppb) gold mineralization. None of the north-trending structures or other geophysical targets have been tested. Pending permit approval, Nevoro anticipates drilling to begin in late 2007 or early 2008. Nevoro is required to drill a minimum of four 400-foot deep RC holes during the first year.

The property was acquired under a Lease with Option to Purchase Agreement from a private party. The basic lease terms call for $10,000 on signing, a $50,000 payment on the first anniversary, and purchasing the claims with a $100,000 payment on the second anniversary. Minimum advance royalty payments of $40,000, $50,000 and $100,000 are due on subsequent anniversaries. A sliding scale NSR royalty, from 3% to 6% based on the price of gold, paid to the owner survives the purchase of the claims. Nevoro can purchase a 1% NSR royalty 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 12 projects in Nevada, 10 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.

To view the accompanying map, please click on the link below:

http://www.ccnmatthews.com/docs/nvr110a.pdf

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

Contact Information