NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO) (FRANKFURT:NSV) (the "Company" or
"NEVADO") is pleased to announce Iron, Titanium and Vanadium assay results from
recently discovered massive magnetite-ilmenite at the Hervieux East Extension
and newly discovered Hervieux North Extension Occurrences found during the 2010
exploration program on the Company's wholly-owned 646 claims / 355 km(2)La
Blache Iron-Titanium-Vanadium Property (refer to the NEVADO news release dated
November 10, 2010). Iron, Titanium and Vanadium assay results are expressed as
oxides and are outlined as follows: 




----------------------------------------------------------------------------
GRAB SAMPLE #                                % Fe2O3      % TiO2      % V2O5
Hervieux East Extension                                                     
  701100                                        67.6        21.4        0.14
  701101                                        64.3        17.6        0.07
Hervieux East North Extension                                               
  701102                                        61.9        16.7        0.17
----------------------------------------------------------------------------



Note: Surface grab samples averaging 2 kg each were taken by Company qualified
personnel under the supervision of Jean Lafleur, M.Sc., P. Geo., NEVADO's La
Blache Project Manager. Samples were bagged, sealed and numbered on-site, and
delivered to the ALS Laboratory Group facility in Val-d'Or (Quebec) for analysis
using the ME-S81d Method. At the laboratory facility, samples were inventoried,
weighed and dried; crushed 70% to under 2 millimetres; riffled split with a 250
gram sub-sample pulverized 85% to under 75 microns; then followed by analysis. 


Hervieux East Extension Occurrence

The two surface grab samples (#701100 and #701101) from the Hervieux East
Extension Occurrence were taken 80 metres north of the original 125 long
outcrop. The grades are comparable to the previous channel and surface channel
grab samples taken earlier in the year from Hervieux East Extension where
samples yielded up to 12.0 metres of 62.8% Fe2O3 and 19.6% TiO2, and 7.0 metres
of 62.1% Fe2O3 and 20.0% m TiO2 as well as 32 channel grabs that averaged 59.0%
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
March 30, September 21 and October 28, 2010). Hervieux-East Extension now
stretches over 200 metres, from the original 125 metres, over a minimum width of
35 metres, and remains open on all sides. 


Hervieux North Occurrence

The third surface grab sample (#701102) was taken 1 kilometre north of the
Hervieux East Extension and assayed 61.95% Iron (as Iron Oxide or Fe2O3) and
16.7% Titanium (as Titanium Oxide or TiO2) and constitute the newly discovered
Hervieux North Extension Occurrence. 


Assays are still pending on the remaining 134 surface grab and channel samples
taken from the four other new massive magnetite-ilmenite occurrences
(Farrell-Taylor, Zorro, Leduc-Farrell and E. Girard Showings), including from
one additional multi-kilometric, disseminated magnetite and ilmenite domain (Lac
La Blache Showing), all located along what appears to be within a 200 m wide
zone part of a 45 kilometres long corridor forming the perimeter of an 18 km by
10 km ellipse.


Airborne Geophysical (Magnetics and Electromagnetics) survey

NEVADO has also completed the 3,425 line-kilometres airborne geophysical survey
which targeted (1) magnetic massive, decimetric magnetite-ilmenite lenses), but
also (2) magnetic and conductive semi-massive to massive sulphides known to
occur in more gabbroic rocks 30 km East of the Hervieux East Extension, similar
to the Outardes-Three and -Four occurrences, 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
(Falconbridge,1998; MRNFQ Assessment File GM 56307). 


Upcoming Drill Campaign

NEVADO is now planning a minimum 3,500 m diamond drill program to start once all
geophysical and geological data is synthesized and interpreted, and exploration
permits have been received for the campaign, to outline 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 Properties. NEVADO is fully funded for the work having raised $2.25
million in late 2009. 


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.
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