Nevoro Inc.

Nevoro Inc.

November 27, 2007 09:00 ET

Nevoro Provides Project Update: Drilling Underway at St. Elmo, Targets Defined at Dome Hill, Idaho Project Staked

TORONTO, ONTARIO--(Marketwire - Nov. 27, 2007) - Nevoro Inc. ("Nevoro") (TSX:NVR) announces that the planned Phase One 1300 m, reverse circulation (RC) drill program at St. Elmo is now underway. Weather permitting, the program will drill eight holes to initially test three of the several targets identified by past work and current mapping on the property.

To date, Nevoro has completed two of three holes planned for the high-priority St. Elmo vein target: SEM-01 drilled to a down-hole depth of 158 m and SEM-02 drilled to a down-hole depth of 186 m. SEM-03 is underway and is expected to reach a down-hole depth of 122 m. These holes will test the grade and continuity of the north-trending St. Elmo vein, a high-grade, gold-silver epithermal vein accessed via an adit crosscut and two levels of underground workings.

In 1990, a 361 kg metallurgical sample of vein material from these workings was sent to Hazen Research. The head grade of the sample averaged 80.9 g/t gold, of which 85 to 90% was found to be recoverable using a combination of gravity and flotation methods. In 2001, a diamond core hole was drilled to examine down-dip continuity of the vein below the workings. This hole intersected 2 m of 17.1 g/t gold contained in 16 m true width of vein at 91 m below the upper adit level.

Both of Nevoro's newly completed drill holes, SEM-01 and SEM-02, have intersected significant widths (up to an estimated 12.5 m true width) of sulfide-bearing vein material, apparently confirming continuity of the St. Elmo vein system to a depth of at least 108 m and on strike to the north of the adit for a distance of at least 61 m. Drill sample assay results are pending.

The second and third targets planned for testing on the St. Elmo property are the Central Saddle Area and the Diamond Jim Area. The Central Saddle Area shows potential for a large, low-grade, silver-base metals deposit and for structurally and stratigraphically controlled gold deposits. At Diamond Jim, steeply dipping structures with surface select samples containing up to 13.7 g/t gold from outcrops east of the Diamond Jim vein zone will be tested.

At the Dome Hill Project, Nevoro has completed detailed geologic mapping and sampling. Epithermal precious metal mineralization has been identified and is primarily associated with five acid sulfate altered vein systems and, to a lesser extent, with felsic intrusions and intrusive breccias. Locally, the host rocks at Dome Hill have undergone pervasive propylitic alteration and bleaching followed by high sulfidation alteration/mineralization along northeast trending structures.

The two largest vein systems are the Maybell and Perrini Mine/Copper Shaft systems. The Maybell system is more than 1.5 km long, from 10 to 60 m wide and is accompanied by an adjacent sub-parallel zone 600 m long and up to 15 m wide. Selective sampling of outcrops from the Maybell system suggests the veins are anomalous in gold. The Perrini Mine/Copper Shaft system is more than 2.3 km long and consists of six sub-parallel mineralized veins over a 300 m wide zone with individual veins ranging from 3 to 12 m in width. Selective outcrop sampling along the northern 800 m of this system suggests this segment of the system is consistently anomalous in copper and often highly anomalous in gold and silver. The geochemistry, alteration, and presence of rhyolite porphyry dikes in this area is consistent with a possible copper-gold porphyry system at depth.

A detailed ground magnetic survey is in progress at Dome Hill and is expected to add significant information regarding the vein systems and may help trace extensions of the systems where concealed beneath shallow cover. The survey could indicate the possible presence of a potential copper-gold porphyry system at depth. Drill hole permitting has been initiated for several target areas in anticipation of a drilling program to begin next summer.

Elsewhere in Nevada, Nevoro has received approval from the Bureau of Land Management for drill pad construction at its Silver King Project with construction anticipated to begin by the end of November. The company has also filed an application for drilling on its Boulderfield Project. The geophysical survey report for the Monarch project has been received, and the CSMT and gravity data is being reviewed.

Nevoro also reports that it has staked 116 LC lode claims totaling 227 ha in the Long Canyon area of central Idaho, near the south end of a regional north-trending metallotectonic belt known for its granodiorite-hosted porphyry molybdenum deposits. Cominco American Resources Inc., drilled three holes in the Long Canyon area in the 1980s in the search for sediment-hosted massive sulfide deposits. One of these holes, LC-3, intersected an altered granodiorite body with quartz veins and locally abundant blebs of chalcopyrite and molybdenite. The bottom metre of this hole contained 1645 ppm copper, 2170 ppm zinc and 205 ppm molybdenum, encouraging evidence of a possible metal-rich porphyry system at depth. Nevoro plans to conduct surface mapping and sampling in November and an induced polarization survey in the second quarter of 2008 to establish targets for drilling in the second half of 2008.

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 primarily in Nevada, USA. Nevoro now holds 12 projects in Nevada and one in Idaho, 11 of these projects 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: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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.

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