VDO Nevado Resources Corporation (delisted)

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) ("NEVADO" or the
"Company") is pleased to report on the results of its annual and special meeting
of shareholders held on June 18, 2012, in Montreal, Quebec. 


At the meeting, the shareholders of the Company voted in favour of all the
resolutions set out in the management proxy circular, including re-election of
the Company's Board of directors, consisting of Michael Curtis, Andre Bergeron,
Marcel Bergeron, Rick Bonner, Philippe Frere and Louis Peloquin.


Michael Curtis, President and Chief Executive Officer of NEVADO, also reviewed
the Company's many achievements of the past year at the meeting, which include: 




--  Intensive exploration, with $7.3 million spent on NEVADO's properties; 
--  A 22,000-metre drilling program on the La Blache property, which
    outlined an inferred mineral resource of 101.7 million tonnes grading
    0.33% V2O5, 18% TiO2 and 59.7% Fe2O3 (or 41.8% FeT), at a cutoff grade
    of 5.1% TiO2 equivalent; 
--  Phase 1 (preliminary) and Phase 2 (mini-plant) metallurgical testing on
    the La Blache ore, which in both cases resulted in the recovery of high-
    purity vanadium, titanium and iron;  
--  Discovery of significant graphite potential at the Fermont project
    (Fermont claims block), located near Focus Graphite's Knife Lake
    deposit; and 
--  A geophysical survey and prospecting program at the Fermont project,
    which generated promising iron results (Fire Lake North and South claims
    blocks). 



Mr. Curtis noted that: "We made major progress over the past year. We outlined a
world-class resource at the La Blache project, which has encouraged us to move
ahead with project development with a view to putting the deposit into
production. As we have already stated, we hope to start a preliminary economic
assessment (PEA) in the third quarter and do pilot plant testing of the La
Blache material, which will provide us with the information we need for a
feasibility study."


"For the Fermont project, we will continue exploring the property this summer to
assess its graphite potential. Thanks to its favourable location next to Focus
Graphite's Knife Lake deposit, this project could also become a key asset for
the Company. Finally, despite the challenging market, the Company is in a strong
financial position, with over $3 million in cash," Mr. Curtis concluded. 


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 the 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 vanadium-titanium-iron project in the Baie-Comeau region
towards National Instrument 43-101 mineral resources and development.

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