VDO Nevado Resources Corporation (delisted)

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or
"Nevado) is pleased to announce the start of the airborne geophysical (Magnetics
and Electromagnetics) survey (the "Survey") at the 646 claims / 355 km(2) La
Blache Iron-Titanium-Vanadium Property (the "Property") located 145 km north of
Baie-Comeau along Quebec's North Shore region near Hydro-Quebec's Manic 3 and
Outardes River Hydroelectric Reservoirs. 


The Survey will target (1) massive, decimetric magnetite-ilmenite lenses, such
as the 150 metres long by 35 metres wide magnetite-ilmenite outcrop of the
Hervieux East Extension Occurrence ("Hervieux East Extension"), where surface
channel samples yielded up to 12 metres of 62.8% Fe2O3 and 19.6% TiO2 and
smaller individual channel samples averaged 59% Fe2O3, 18.6% TiO2 and 0.11 V2O5
in a range of 51.1% and 62.8% Fe2O3, 17.7% and 19.7% TiO2 and 0.05% and 0.16%
V2O5 (refer to the Nevado news releases dated October 28, 2010); and (2)
semi-massive to massive sulphides known to occur in gabbroic rocks 30 km east of
the Hervieux East Extension the eastern portion of the Property, similar to the
Outardes-Three and -Four Occurrences (Ministere des ressources naturelles et de
la faune Quebec or MRNFQ Deposit Files 22K/03-2002), where historic work yielded
up to 50% sulphides in breccias and veins-veinlets carrying up to 0.94% Nickel
and 0.36% Copper and 1.28% Nickel and 1.38% Copper in grab samples (#3157; GM
56307). 


NEVADO will now have the geophysical survey in combination with the expanded
prospecting and sampling program to define additional and the full size and
grade potential of these magnetite-ilmenite lenses with the ultimate objective
of eventually proving up significant near-term iron-titanium Mineral Resources
across the entire Property. NEVADO is fully funded for the work having raised
$2.25 million in 2009. 


The magmatic iron-titanium bearing magnetite-ilmenite lenses are associated with
the La Blache Anorthositic Complex (the "LBAC"). The LBAC extends 35 km in a
northeast-southwest direction by 15 km across, hosting a series of
magnetite-ilmenite rich lenses some 10's to 100's metres in size along a 15 km
long mineralization corridor, of which Nevado owns outright 7.5 km of the total
trend length. 


According to the MRNFQ Deposit File 22K/04-0001 the La Blache iron-titanium
mineralization was originally discovered in 1952 and subsequently explored in
the 1960's by the Bersimis Mining Company which used airborne magnetic
techniques to identify a series of surface iron-titanium lenses over the 15 km
trend covering several occurrences. Historic work evaluated mineral resources of
71.67 million tonnes grading 48% Iron (Fe2O3) and 20.5% Titanium (TiO2). The
historical mineral resources quoted is non-compliant to NI 43-101 Mineral
Resource standards, and should therefore not be relied upon. A Qualified Person
has not done sufficient work to classify the historical resource as current NI
43-101 compliant Mineral Resources. There is no guarantee that any future
exploration would upgrade the historical Mineral Resources into current Mineral
Resources. At this time it is not known if any or part of the historical mineral
resources occurs on Nevado's La Blache #1 Property. 


The technical information in this news release was prepared, reviewed and
approved by Mr. Jean Lafleur, M. Sc., P. Geo., Senior Technical Consultant to
NEVADO, and Bertrand Brassard, M. Sc., P. Geo, Director and VP Exploration of
NEVADO. Both individuals are Qualified Persons under NI 43-101 regulations. 


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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