NEVADO Completes $180,000 First Tranche of a $300,000 Private Placement

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) ("NEVADO" or the
"Company") is pleased to report today a first closing for $180,000 on a maximum
$300,000 private placement.


The first tranche of the private placement consisted of the issuance of
1,800,000 common shares priced at $0.10 per share and 1,800,000 warrants. Each
warrant entitles its holder to purchase one common share of the Company at $0.20
within a 12-month period following the closing.


NEVADO will use the proceeds for working capital purposes. The securities issued
under the private placement are subject to a resale restriction period of four
months and one day. 


The private placement is subject to regulatory approval.

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
[phone]
www.nevadoresources.com


Francois Kalos
SOLAK Communications
[phone]
[e-mail]


Renmark Financial Communications Inc.
Laurence A. Lachance: [e-mail]
Jonathan Collins: [e-mail]
[phone] or [phone]
www.renmarkfinancial.com