NEVADO Closes a $50,000 Private Placement with SIDEX and Acquires the Steel River Property

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO (FSE:NSV) ("NEVADO" or the
"Corporation") is pleased to announce that it closed a $50,000 private placement
with SIDEX today under the "Field-Action 2014" program.


The private placement consisted of the issuance of 833,333 common shares of the
Corporation priced at $0.06 per share and 833,333 warrants. Each warrant
entitles its holder to purchase one common share of the Corporation for $0.08
for a 24-month period following closing. Securities issued under the private
placement are subject to a statutory hold period of four months plus one day. 


NEVADO will use the proceeds of the private placement to conduct a prospecting,
mapping and sampling program over the summer of 2014 on its Fermont graphite
property, located near Focus Graphite's Lac Knife property. The program will
help the Corporation plan its next drilling program, scheduled for the fall of
2014. 


The Corporation also acquired the Steel River property, located in the
Schreiber-Hemlo greenstone belt, just southwest of its Bozema property. The
Steel River property consists of five mineral claims for a total of 59 units in
Tuuri Township, 240 km east of Thunder Bay, Ontario. The Schreiber-Hemlo
greenstone belt hosts the Hemlo gold deposit about 75 km to the east of the
property, as well as the Winston Lake base metals mine 80 km to the west. 


NEVADO will issue 100,000 common shares to the vendors as consideration for the
Steel River property. All the common shares are subject to a hold period of four
months plus one day. The property is also subject to a 2% royalty on the net
smelter revenue from minerals and metals mined on the property, payable to the
vendors in cash or in kind. The Corporation may redeem half of the 2% royalty at
any time for $1,000,000 in cash, payable to the vendors.


The transactions, which were between parties dealing at arm's length, are
subject to the approval of the TSX Venture Exchange and other regulatory
approvals. 


About SIDEX 

The mission of SIDEX is to invest in companies engaged in mineral exploration in
Quebec in order to diversify Quebec's mineral base and open new territories to
exploration and investment. 


"Field Action 2014" is a new $3-Million financing program recently launched by
SIDEX to encourage junior mineral exploration companies to pursue field work in
Quebec, hire young professionals, employ service companies, and make new
discoveries in 2014.


About Nevado Resources Corporation 

NEVADO is a junior strategic metals company with properties in Canada. The
Corporation owns a 100% interest in the La Blache titanium-vanadium-iron
property in Northern Quebec, the Fermont graphite property near Focus Graphite's
Lac Knife property, and the Bozema zinc-copper-silver-gold property in Ontario's
Schreiber-Hemlo camp. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michael Curtis
President and Chief Executive Officer
[phone]
www.nevadoresources.com


Francois Kalos
SOLAK Communications
[phone]
[e-mail]
Twitter: @nevado_vdo