Mr. Michael Curtis reports

NEVADO UPDATES ONGOING ACTIVITIES

Nevado Resources Corp. wishes to give an update on its continuing activities. The corporation remains active and continues to search for financing that will enable it to pursue its objectives.

In January, 2015, the corporation secured a 70-per-cent/30-per-cent joint venture with Neomet Technologies Inc. The joint venture has the exclusive right to use Neomet's patent-pending technology to recover metals from the La Blache project and similar ore deposits in Quebec, Ontario, Newfoundland and Labrador, as well as other regions of North America as may be agreed by the joint venture parties.

The corporation holds a 100-per-cent interest in the La Blache titanium-vanadium-iron property, which comprises 66 claims covering an area of 3,647 hectares (36 square kilometres), located about 150 km northwest of Baie-Comeau in the Upper North Shore region of Quebec.

Michael Curtis, president and chief executive officer of Nevado, said: "We are working to complete a financing that will enable us to prove that Neomet's processing technology works at a larger scale. As disclosed in our Feb. 9, 2012, news release, Neomet's pilot plant testing of a 150-kilogram sample from our La Blache property generated over 99.9 per cent pure titanium dioxide (TiO2) and vanadium (AMV, V2O5 and V2O3) from a continuous process, as well as pure hematite (Fe2O3). The planned scale-up step will test a 20-ton bulk sample at a rate of one ton per day using the same continuous process, which is more than 100 times the size of the first pilot plant."