NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or
"NEVADO") is pleased to announce additional Iron, Titanium and Vanadium assay
results from the recently discovered massive magnetite-ilmenite E. Girard
Occurrence ("Girard") found during the summer-fall 2010 exploration program on
the Company's wholly-owned 646 claims / 355 km(2) La Blache
Iron-Titanium-Vanadium Property (the "Property") (refer to the NEVADO news
release dated November 10, 2010). 


E. Girard (at Km 27, moving clockwise along the 45 kilometre ellipse) is located
13 km southeast of Hervieux-East Extension. The occurrence is fully accessible
via logging roads and extends for at least 450 metres. Here the massive
magnetite-ilmenite occurs as a single 1 m to 5 m lens with sharp contacts,
suggesting an intrusive. 


Twenty-one (21) channel samples were taken at regular intervals along the 450
metres strike length of the occurrence. Average assay results are 61.9% Iron
(expressed as Iron Oxide or Fe2O3), 16.5% Titanium (TiO2) and 0.11% Vanadium
(V2O5). Individual assay results in Iron, Titanium and Vanadium are as follows: 




--------------------------------------------------------------------------
    GRAB        %        %       %       GRAB        %        %       %   
  SAMPLE #    Fe2O3    TiO2    V2O5    SAMPLE #    Fe2O3    TiO2    V2O5  
   701157      58.8    14.8    0.18     701178      67.0    18.3    0.10  
   701158      63.3    15.1    0.17     701179      64.4    18.7    0.05  
   701159      65.5    17.8    0.09     701180      65.4    20.0    0.14  
   701160      63.4    18.2    0.16     701181      67.4    18.8    0.04  
   701161      50.4    11.3    0.13     701182      58.1    15.5    0.18  
   701163      58.2    13.6    0.07     701183      63.8    16.6    0.14  
   701165      64.6    15.6    0.12     701184      60.4    16.2    0.12  
   701174      57.5    15.4    0.12     701185      61.3    15.5    0.10  
   701175      54.8    14.5    0.11     701186      65.7    19.2    0.09  
   701176      66.7    17.5    0.09     701187      69.0    19.7    0.09  
   701177      54.7    14.3    0.13     AVERAGE     61.9    16.5    0.11  
--------------------------------------------------------------------------



Note: Surface channel samples averaging 2 kg each were taken by Company
qualified personnel under the supervision of Jean Lafleur, M.Sc., P. Geo., the
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. 


Again, the grades of the magnetite-ilmenite surface channel and grab samples are
comparable to the previous channel and surface channel grab samples taken
earlier from the initial Hervieux East Extension where samples yielded up to
12.0 m of 62.8% Fe2O3 and 19.6% TiO2, and 7.0 m 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, October
28, and November 16, 2010). Assay results are pending from grab samples taken at
the Leduc, Farrell-Taylor and the Lac La Blache West magnetite-ilmenite
occurrences. 


NEVADO is in the final preparation stage of the minimum 3,500 m diamond drill
program on the Property. All of the geophysical and geological data has been
synthesized and interpreted, and the campaign was fully permited by the
Ministere des Ressources naturelles et de la Faune. NEVADO plans to outline the
full-size and grade potential of these magnetite-ilmenite lenses with the
ultimate goal of eventually proving up significant near-term
iron-titanium-vanadium mineral resources across the Property. 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.
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