MONTREAL, QUEBEC -- (Marketwire) -- 04/11/12 -- NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO)(FRANKFURT: NSV) (the "Company" or "NEVADO") is pleased to announce that it has retained the services of SGS Canada Inc. - Geostat ("SGS-Geostat") of Blainville, Quebec, to prepare an independent mineral resource estimate followed by a NI 43-101 technical report for the Farrell-Taylor iron-titanium-vanadium occurrence of the La Blache project. The technical report will include a mineral resource estimate classification in accordance with NI 43-101 guidelines.
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With more than 67,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.
Michael Curtis, NEVADO's President and CEO, stated that: "Based on the drill results received to date, we believe that the La Blache project has the potential to become a very valuable asset for NEVADO and its shareholders. It should also be noted that we have the largest landholding in the area, and that there are a number of targets that haven't been fully tested yet, which could add substantially to the La Blache exploration potential. We expect to receive the NI 43-101 compliant mineral resource estimate by the end of the second quarter 2012."
About Nevado Resources Corporation
NEVADO is a Canadian junior resource company trading under the symbols VDO on the TSX Venture Exchange and NSV on the Frankfurt Stock Exchange. NEVADO owns 2,318 mineral claims or an equivalent of 1,227 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.
Nevado Resources Corporation
Mr. Michael Curtis
President and CEO