Nevado Resources Corporation

Nevado Resources Corporation

January 06, 2011 09:00 ET

Nevado Resources Corporation: Change in the Board of Directors and Senior Management

MONTREAL, QUEBEC--(Marketwire - Jan. 6, 2011) - NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the « Corporation » or « Nevado ») announces the appointment of Mr. Michael Curtis as the new acting President and Chief Executive Officer of the Corporation.

Mr. Curtis has over 35 years experience in the management of public companies and in the financial and mining industries in Canada. "Nevado has completed important milestones since its listing on the TSX Venture Exchange; Mr. Curtis' experience and knowledge of the financial and mining fields will allow the Corporation to ensure the achievement of its global development strategy and to realize the full potential of the resources of Nevado's properties", said the Chairman of the Board of Directors, Philippe Frère. Mr. Curtis was also involved in numerous projects in the public domain, including the merger of Bowood Energy Inc. (BWD), and is a board member of several public corporations.

Mr. Guy Girard has decided to step aside as member of the senior management and the Board of Directors of the Corporation.

Following his resignation as a director and President of the Corporation, Mr. Girard will focus on the pursuit of his other projects.

About Nevado Resources Corporation

Nevado Resources Corporation is a mineral exploration company listed under the symbol VDO on the TSX Venture Exchange and under the symbol NSV on the Frankfurt Exchange. Nevado owns 6 properties comprising 1,390 mining claims totalling 757 km2 in the Province of Quebec in two separate metallogenic environments, one in high grade iron-titanium-vanadium and one in gold.

Nevado's higher grade Iron-Titanium-Vanadium (magnetite-ilmenite) property comprises 2 claim blocks totalling 773 claims for 315 km2 situated in the La Blache Anorthositic Complex, located 145 km north of the city of Baie-Comeau and its port on the St. Lawrence Seaway. In 2011, Nevado plans to quickly advance the property to the drilling stage for NI 43-101 compliant mineral resource delineation. 

Nevado's gold assets comprise 5 properties totalling 442 km2 located 10 km south and southeast of Thetford Mines (Eastern Townships, Quebec), approximately 150 km east of Montreal.

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.

Contact Information

  • Nevado Resources Corporation
    Mr. Michael Curtis
    Acting President and Chief Executive Officer