- Preliminary metallurgical testing of the NEVADO oxides mineralization by NEOMET has indicated metal recoveries of more than 90% for Iron and greater than 95% for Vanadium

- NEOMET owns proprietary technology and patents for recovering in excess of 90% for Iron, Titanium and Vanadium oxides cost efficiently

- A Preliminary Economic Assessment study will begin upon a positive outcome of the metallurgical mini-plant testing

NEVADO RESOURCES CORPORATION is pleased to announce the signing of an agreement with Neomet Technologies Inc. (“NEOMET”) to adapt the patented NEOMET Process for extraction of all valuable metals from NEVADO’s wholly owned La Blache Iron-Titanium-Vanadium Project near Baie-Comeau, Quebec.

Preliminary metallurgical testing of the NEVADO oxides mineralization by NEOMET has indicated 90% recovery of Iron and 95% recovery of Vanadium from the oxide mineralization into a final high purity product. NEOMET has demonstrated that Titanium could be 100% recovered from the leach solution into a TiO2 (titanium dioxide) product suitable for further processing to pigment grade TiO2. Ammonium Metavanadate (“AMV”), the precursor to V2O5 (vanadium pentoxide), was recovered from the leach solution at a purity of 99.9%.

The heart of the NEVADO’s planned metallurgy campaign is NEOMET’s unique and patented Acid Recovery and Regeneration Process, which operates at a fraction of the cost compared to more conventional and energy consuming technologies such as pyrohydrolysis, especially when the latter is coupled with solvent extraction for Iron and/or Titanium. Simultaneously, the NEOMET Process produces higher grade hematite of greater than 99% purity (Fe2O3), which is a premium product which is suitable for the pigment market or for processing into higher quality steels.

Further process optimization specific to NEVADO’s oxide minerals are ongoing at present time, with a mini-plant campaign scheduled within Q2 of this year, followed by a one tonne per day pilot plant at NEOMET’s facilities. A Preliminary Economic Assessment will be carried out at the close of the mini-plant campaign.

Michael Curtis, President and CEO of NEVADO, stated: “NEVADO is proud to be associated with NEOMET and their world class environmentally-friendly extractive metals processes as the Corporation advances the La Blache Project towards defining a compliant Mineral Resources with the 10,000 m diamond drilling program at Farrell-Taylor, Hervieux East Extension and Lac La Blache West. NEVADO expects to complete the drilling as well as the metallurgical work in Q2 setting the stage for mineral resources estimations and the Preliminary Economic Assessment in Q3 of this year.”

Dr. Bryn Harris, Ph.D., President and Chief Science Officer of NEOMET added: “We bring into the 21st Century a suite of novel and progressive mining technologies. NEOMET develops, owns and markets specialized and proven high-performance proprietary metals processes and technologies. We achieve this with a comprehensive portfolio of process and industrial design patents, and revolutionary eco-friendly economical commercially sustainable systems for recovering high grade value metals. Metallurgical testing to date at La Blache shows excellent recoveries of Iron, Titanium and Vanadium from the massive oxides mineralization. NEOMET and NEVADO will now proceed with comprehensive test work that in my opinion should lead to similar and very positive metals recoveries.”

About Nevado Resources Corporation

NEVADO is a junior mineral exploration company trading under the symbol VDO on the TSX Venture Exchange and under the symbol NSV on the Frankfurt Exchange. NEVADO is primarily focused on its wholly owned La Blache Iron-Titanium-Vanadium Project from Quebec’s North Shore, near the port town of Baie-Comeau. The Corporation is efficiently advancing the exploration program towards mineral resources and a Preliminary Economic Assessment in Q3 of 2011.

About Neomet Technologies Inc.

NEOMET develops, owns and markets high-performance proprietary metals processes and technologies and owns a comprehensive portfolio of process and industrial design patents and revolutionary, environmentally-friendly commercially sustainable systems for recovering high grade value metals from crushed ore to compound concentrates and refractory deposits. Please visit the NEOMET website at http://www.neomet.com.