VDO Nevado Resources Corporation (delisted)

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:

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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
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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.

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.

Contacts: NEVADO RESOURCES CORPORATION Mr. Guy Girard President and CEO 514-798-1290 www.nevado.ca