Nevoro Inc.
TSX : NVR

Nevoro Inc.

June 15, 2009 15:30 ET

Nevoro to Acquire Major Increase in Stillwater Land Position

TORONTO, ONTARIO--(Marketwire - June 15, 2009) - Nevoro Inc. (TSX:NVR) ("Nevoro") today announces that it has entered into an agreement with Beartooth Platinum Corporation (TSX VENTURE:BTP) ("Beartooth") regarding the purchase and sale of the property, plant and equipment comprising the Stillwater Complex (together, the "Stillwater Assets") currently owned by Beartooth.

Nevoro has agreed to purchase the Stillwater Assets for consideration of $1,500,000 to be satisfied by the issue by Nevoro of 15,000,000 common shares in the capital of Nevoro and warrants to acquire 7,500,000 additional common shares of Nevoro at a price of $0.20 at any time prior to the day that is 18 months from the Closing Date.

This purchase more than quadruples Nevoro's mineral properties in the Stillwater Complex and brings together an unprecedented land package incorporating nearly all of the district's important advanced exploration targets - and all the identified historical mineral deposits - occurring outside the JM Reef, host to one of the world's largest and richest PGE operations and currently being mined by the Stillwater Mining Company.

Completion of the Transaction is subject to Nevoro being satisfied with the results of its due diligence review of the Stillwater Assets, Beartooth being satisfied with the results of its due diligence review of Nevoro, receipt of all required regulatory approvals and compliance with all applicable regulatory requirements and conditions.

It is the intention of the Companies that the sale of the Stillwater Assets will be completed as soon as practicable after the completion of the Beartooth-Kria Transaction. In the event that that the Beartooth-Kria Transaction has not been completed by July 31, 2009, then Beartooth will proceed forthwith to obtain all additional required approvals, including the approval of shareholders of Beartooth to effect the Transaction by no later than September 30, 2009.

Kria's President and CEO, Mike Hoffman, commented, "We are very impressed with the quality of both the assets and management team at Nevoro and feel that participating as an investor in Nevoro moving forward will provide additional value to our shareholders."

Beartooth's President and CEO, Mike Johnson, commented, "As a company with tremendous experience in the Stillwater district through Nevoro's current assets, the sale of the Stillwater Assets to Nevoro will provide Beartooth shareholders with more leverage to the Stillwater district as Nevoro has an excellent land position with significant existing nickel, copper, chromite and platinum group metal historic resources (non 43-101 and not to be relied on). In addition Nevoro's other property interests such as the Moonlight copper project in California are expected to provide further opportunities for shareholder value."

The Beartooth-Kria Transaction has obtained final court approval in relation to the previously-announced business combination. The completion of the Beartooth-Kria Transaction remains subject to TSX Venture approval with closing of the Transaction to occur as soon after the receipt of approval as practicable. The stock symbol KIA has been reserved and is expected to be assigned to the combined company.

About Beartooth Platinum

Beartooth is focused on the exploration for Platinum Group Metals (PGE) globally. Beartooth has property interests in two PGE camps: the Stillwater and Bushveld intrusive complexes. In Montana, USA, Beartooth controls 1,054 unpatented lode mineral claims over the exposed 50-km strike length of the Stillwater Intrusive Complex. The Stillwater Complex hosts the JM-Reef, the world's highest-grade primary PGE deposit. For additional information about Beartooth please visit the company's website at www.beartoothplatinum.com.

About Kria Resources

Kria Resources is a private base metal exploration and development company focused on high-quality, advanced-stage base metal assets. Kria's primary assets include the Ruttan copper-zinc sulphide project near Leaf Rapids, Manitoba and the Halfmile Lake and Stratmat properties near Bathurst, New Brunswick. For additional information about Kria please visit the company's website at www.kriaresources.com.

About Nevoro

Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals primarily in the western USA. Nevoro holds the Stillwater nickel-copper-cobalt-PGE-chromite project in Montana with historic copper, nickel, chromite resources (non 43-101 and not to be relied on) and the Moonlight copper project in California with significant NI 43-101 copper resources. Nevoro also holds 11 gold and base metal exploration projects in Nevada and Idaho.

The Qualified Person under NI 43-101 responsible for reviewing and presenting all technical data reported in this news release is Mel Klohn, Director and Executive Vice President, Exploration, for Nevoro Inc.

For more information, please visit the Nevoro Inc. website at www.nevoro.com.

CAUTIONARY STATEMENT: All statements, other than historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of Nevoro, constitute "forward looking statements" within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the date of this news release. Such "forward looking statements", reflects management's current beliefs and are based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "intention" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes but is not limited to economic performance of Nevoro, statements regarding potential mineralization and resource, exploration and future plans and objectives of Nevoro, including exploration and development. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors, which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking information.

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