Nevado Resources Corporation

Nevado Resources Corporation

May 17, 2011 08:00 ET

Nevado Retains the Services of Louis Morin

MONTREAL, QUEBEC--(Marketwire - May 17, 2011) -NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Corporation" or "Nevado") – Nevado has retained the services of Mr. Louis Morin as strategic investor relations consultant to the Corporation. Mr. Morin will focus on developing and expanding Nevado's communications with the investment community through a comprehensive investor relations program.

Mr. Louis Morin has 25 years of experience with financial markets and has efficiently assisted several companies in a successful growth. Services to be provided to Nevado include: implementation of a more flexible and bilingual investor communication program, production and dissemination of collateral and information materials to the French and English investment communities, promotion of the Corporation through Mr. Morin's proprietary database and contacts, marketing materials conceptualization, participation to various marketing activities and management of the French and English shareholder inquiries.

Mr. Louis Morin has been engaged pursuant to a 12-month arm's length agreement effective May 16, 2011 (hereinafter, the "Agreement"). Under the Agreement, Nevado has agreed to pay Mr. Morin $5,000 per month, with the fee due and payable at the beginning of every month. The Agreement with Mr. Morin can be terminated by either party upon 30 days notice. Mr. Morin has been granted 200,000 incentive stock options of class "A" shares of Nevado exercisable at a price of $0.44 per share, for a period of twelve months. The options shall vest and become exercisable at a rate of 25% per quarter over a twelve-month period following the signature of the Agreement, and shall expire after 30 days upon termination of the Agreement. Mr. Louis Morin does not hold any class "A" shares of Nevado.

This Agreement is subject to acceptance by the TSX Venture Exchange.

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 7 properties comprising 2,318 mining claims totaling 1227 km2 in the Province of Quebec in three separate metallogenic environments, one in high grade iron-titanium-vanadium, one in copper-gold and a third one in iron.

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.

Nevado's iron ore and base metal property in the Fermont region, in Quebec, consists of 928 active mining claims, extending over 47,000 hectares (470 Km2) and is composed of 3 major blocs.

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.

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