VDO Nevado Resources Corporation (delisted)

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or
"NEVADO") is pleased to announce the results from the first phase of prospection
at its properties near Fermont, which consist of 928 claims covering over 47,000
hectares strategically located in the southern Labrador Trough, in northeastern
Quebec, Canada. The claims comprise three major blocks contiguous to, or
proximal to iron producers ArcelorMittal Mines and Cliffs Natural Resources, as
well as Champion Minerals' Fire Lake North project. 


During the fall of 2011, the Company carried out an airborne high-resolution
magnetic survey concurrent with a helicopter-supported prospecting
reconnaissance program over an area of 80 x 100 km covering its Fire Lake North,
Fire Lake South and Fermont claim blocks. The program's objective was to
identify zones where the magnetic signature would indicate the likely presence
of iron-rich areas favourable to DSO-type mineralization (Direct Shipping Ore).


The best results were obtained from the Fire Lake North block, more precisely
the Mont-Merry area, where high concentrations of strong magnetic anomalies that
correspond to a tightly-folded iron formation continuous with magnetic lows
suspected to be caused by the demagnetization of the iron formation occur. The
apparent thickness of the iron formation is greater in some folds, and could be
as much as 100 meters thick. 


The Mont-Merry iron formation is a mineralized body that forms a
kilometer-scale, SW-oriented "U-shaped" hematite-dominant horizon that is
tightly folded (isoclinal) and 75-100 meters thick locally. It is composed
predominantly of hematite in the lower portion, albeit some magnetite occurs in
the upper portion. The west side of the "U" appears to be a 50-meter monoclinal
iron formation assemblage that dips 15-20 degrees toward the west and strikes
north-south. Assay results from iron formation grab samples revealed 20-49% iron
oxide content (15% magnetite), with negligible undesirable elements (manganese,
titanium and phosphate).


Within a 5-km radius of Mont-Merry are the Lac Crocodile, Lac Pack, and Lac
Chaleur anomalies, where cliffs of iron formation were encountered but
topography and snow made access difficult for prospecting. These zones, however,
share many geophysical similarities with Mont-Merry and, by reason of their
close proximity, could strategically enhance the economic potential of the area.
The lone assay result from an angular hematite-rich iron formation boulder from
the area returned over 40% iron oxides (5% magnetite), and negligible quantities
of Mn, Ti and P.


Michael Curtis, NEVADO's President and CEO, stated that: "This first phase of
our program was a real success as it allowed us to confirm the strong iron
potential of our properties and identify multiple targets worth exploring.
Winter weather conditions however prevented our exploration crew from assessing
the potential of all our properties, including the Lac Witch and Lac Carheil
sectors in the Fermont claim block. The Company plans to assess these properties
this summer, along with a more thorough investigation of the Mont-Merry, Lac
Crocodile, Lac Pack and Lac Chaleur sectors in the Fire Lake North block. We
believe that these properties constitute a highly prospective addition to our
flagship La Blache project." 


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.


Martin Levesque, P. Geo., a consultant for NEVADO and a qualified person under
NI 43-101, has reviewed the technical content of this press release.


Please visit our website at www.nevadoresources.com 

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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