MONTREAL, QUÉBEC -- (Marketwired - Aug. 19, 2013) -
Nevado Resources Corporation (TSX VENTURE:VDO) (FRANKFURT:NSV) ("NEVADO" or the "Corporation") announces, following its last annual and special meeting of shareholders, that effective as of today, Messrs. Rick Bonner and Louis Peloquin resigned from the Board of Directors of the Corporation to pursue other opportunities.
Mr. Frère, Chairman of the Corporation, thanked them for their contribution as directors and committee members and wished them the best of luck in their future endeavors.
Messrs. Bonner and Peloquin were appointed to the Board in 2011. The Board has already commenced its search for two new directors to best represent the interests of the Corporation and its shareholders.
Corporate Update
NEVADO is still in the process of looking into a number of ways to treat the La Blache ore, using engineering firms and metallurgists in the Ti02 space, and has been working with various investment banks and consultants to find the best and least expensive means to that goal.
In our search for end users and strategic partners, Michael Curtis, NEVADO's CEO, had numerous meetings with interested parties in Asia in June, and has been pursuing these leads aggressively since.
"With the biggest inferred Ti02 deposit and the largest landholding in the area, we believe that the La Blache project has a promising future, and we will continue to seek out ways to fully exploit this asset. As for the Fermont graphite property, given the very encouraging results from a short winter program, we plan to eventually return to the site to evaluate where we should drill next, and to move aggressively on this project once market conditions improve," said Michael Curtis, President and CEO of NEVADO.
About Nevado Resources Corporation
NEVADO is a junior strategic metals company with properties in Northern Québec. The Corporation 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.
Contact
Nevado Resources Corporation
Michael Curtis, President and Chief Executive Officer
(514) 303-7895
www.nevadoresources.com
