NEVADO Signs Agreement With Kunming for a Ti-V-Fe Process Method for its La Blache Property

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) ("NEVADO" or the
"Company") is pleased to announce that it has signed a letter of agreement with
Kunming Metallurgical Research Institute of China Yunnan Metallurgical Group
Co., Ltd ("Kunming China"), pursuant to which the Company requests a program to
demonstrate the mineral processing strategy ("the Kunming Process") to separate,
concentrate, and recover titanium (Ti), vanadium (V), and iron (Fe) bearing
minerals from NEVADO's La Blache deposit.


During the month of October, Kunming China has conducted preliminary mineralogy
tests on a piece of selected Ti-V-Fe rich sample from the La Blache property.
Results obtained from these tests recommend that we execute a two-stage program,
consisting in a Bench-Scale Mineral Processing Study and a 20-ton Pilot Plant
Demonstration Test Program, which will substantially complete proof-of-concept
of the underlying metallurgical process. Based on the physical and
surface-chemistry properties of the Ti-V-Fe minerals, Kumning will use a
physical separation method (mainly magnetic and gravity separation to
concentrate magnetite-Ti-V minerals) and a surface chemistry method (mainly
flotation to concentrate ilmenite-Mg minerals) (collectively, the "Kunming
Process").


Bench-Scale Mineral Processing Study

In the coming weeks, NEVADO will deliver to the laboratory of Kunming China a
200-kg sample of La Blache Ti-V-Fe rich material. Kunming China will then
initiate the Kunming Process and will first examine the mineralogy of the sample
and determine the grinding fineness (comminution study) to liberate Ti-V-Fe
minerals and gangs from the sample matrix. A comminution study is one of the
most demanding mineral processing technology because selection of the correct
crushing and grinding process and equipment guarantees a successful separation
process. The first stage of the Bench-Scale Mineral Processing Study is defining
the energy consumption of the sample, as well as a mineral liberation study to
determine the correct grind size. The second stage of the Bench-Scale Mineral
Processing Study is defining the mineral separation efficiency, which Kunming
China will carry out through the Kunming Process. Kunming China will issue to
NEVADO the Bench-Scale Mineral Processing Study Report with conclusions and
recommendations within 60 days of Kunming China's receipt of the first payment. 


Pilot Plant Test Program

Upon receipt of a positive Bench-Scale Mineral Processing Study Report, NEVADO
will deliver to Kunming China a 20-ton bulk sample of the same La Blache Ti-V-Fe
rich material (the "Bulk Sample") required for Kunming China to process and
deliver a Continuous Pilot Plant Test Program, processing one ton/day of the
Bulk Sample (the "Pilot Plant Test"), such Pilot Plant Test to be completed
within 90 days of the receipt of the Bulk Sample. 


The deliverable Pilot Plant Test will be comprised of a fully integrated circuit
pilot plant run program (including optimization), to last for the duration of a
minimum of 15 days and to process one ton/day of the Bulk Sample, along with a
final report including conclusions and recommendations. The Pilot Plant Test
will provide more reliable technical and economic data on the process and
efficiency in order to design a mineral processing plant. The Pilot Plant Test
will also be compiled into a process model, which will be used to verify the
overall energy and mass balance. The model will cover all of the process flows
into, out of, and inside the various plant sections. Following the Pilot Plant
Test, Kunming China will further conduct a bench-scale chemical leaching test to
separate and/or concentrate Ti (such as TiO2 pigment) and V (such as V2O5)
products.


Upon signing of this agreement, NEVADO will pay Kunming China an amount of
$20,000 in order to begin the Bench-Scale Mineral Processing Study. Ten days
following the delivery of the Pilot Plant Test Report, NEVADO will pay to
Kunming China an amount of $250,000 through the issuance of a number of class
"A" common shares of the capital stock of the Company (the "Common Shares") at a
deemed price per Common Share equivalent to the market price of the Exchange, on
the day preceding the date of NEVADO's press release announcing the delivery of
the Pilot Plant Test Report or other price per Common Share approved by the
Exchange.


Michael Curtis, President and Chief Executive Officer of NEVADO, said that: "We
are very pleased to have signed this agreement with Kunming China. This is a
giant step for our Company. To put this into context, during the last few
months, we have been actively working with Murtti Capital on finding the right
company to properly test La Blache's sample and to figure out the best method to
concentrate and process it. The program designed by Kunming China will ensure
that, at the end of day, NEVADO will own the formula to build a Ti-V-Fe mineral
processing plant in Canada. Furthermore, this was an easy decision for us to
make as Kunming China is one of China's leading research institute, completing
over 3,000 technology projects and establishing over 260 mining and metallurgy
enterprises since 1953." 


"We are very pleased to sign this agreement with NEVADO," said Mr. Xie Gang,
President of Kunming Metallurgical Research Institute of China Yunnan
Metallurgical Group Co. Ltd. "We believe that our two-stage program will enable
us to properly evaluate the sample properties and process strategy required for
the La Blache Ti-V-Fe rich material and we hope that this is just the beginning
of a long and fruitful relationship."


About Kunming Metallurgical Research Institute

Founded in 1953, Kunming Metallurgical Research Institute (KMRI) focuses on the
exploitation and development of mineral resources, primarily non-ferrous metals.
KMRI's 20-hectare headquarters include the Chenggong Research and Experiment
Base, the Anning Pilot Industrial Base, and are equipped with a multitude of
scientific research equipment for metallurgy, mineral beneficiation and material
research and detecting instruments. KMRI has completed over 3,000 technology
projects, established over 260 large and medium-sized mining and metallurgy
enterprises, which contributed to the development of China's metallurgical
industry. 


About Nevado Resources Corporation 

NEVADO is a junior strategic metals company with properties in Northern Quebec.
The Company is currently focused on advancing its world-class La Blache
titanium-vanadium-iron project. NEVADO also owns the Fermont project, a graphite
property adjacent to Focus Graphite's Lac Knife deposit. 


This news release was reviewed and approved by Michael Curtis, President and
Chief Executive Officer of NEVADO. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michael Curtis
President and Chief Executive Officer
(514) 303-7895
http://www.nevadoresources.com/


Francois Kalos
SOLAK Communications
(514) 817-9987
fkalos@nevadoresources.com
Nevado Resources Corporation (TSXV:VDO)
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