Nevado Resources Corporation

Nevado Resources Corporation

November 16, 2011 08:30 ET

Nevado Announces the First Phase of Intensive Exploration on Its Properties Near Fermont

MONTREAL, QUEBEC--(Marketwire - Nov. 16, 2011) - NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or "NEVADO") is pleased to announce the first phase of intensive exploration on its properties located near the city of Fermont and between Fire Lake and Mont Reed d'ArcelorMittal deposits. The presence of type DSO iron deposits (Direct Shipping Ore) is favourable on these properties. The purpose of the campaign is to obtain preliminary results that will be used to enhance their iron potential.

The exploration campaign begins with a very high resolution magnetic geophysical survey (100 meters between the flight trajectories at very low altitude) which will be executed by Novaterm, a specialized firm that has had several similar mandates. The airborne survey will cover more than 400 km2, namely three blocks of continuous mining claims in the areas of Fermont and Fire Lake. The expedition will amount to more than 6,000 km of flight time and its objective is to locate areas where the magnetic signature corresponds to areas rich in iron, conducive to contain type DSO mineralization. The magnetic survey will be validated by a ground campaign deployed by helicopter teams of professional prospectors.

The work is directed by AXOR geological team whose mission is to develop the second exploration phase including a drilling program planned for Q2 2012.

About Nevado Resources Corporation

NEVADO is a Canadian junior resource company trading under the symbols VDO on the TSX Venture Exchange and BIZ on the Frankfurt Stock Exchange. NEVADO owns 1,906 mineral claims or an equivalent of 995 km2 in the Baie-Comeau, Fermont and Eastern Townships regions of Quebec. The Company is currently focused on advancing the La Blache Iron-Titanium-Vanadium Project in the Baie-Comeau region towards National Instrument 43-101 mineral resources and development.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

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