Nevsun Resources Ltd. is a junior gold producer with a focus on developing gold projects in Africa. The Company is listed on the TSX and AMEX under the symbol NSU. Nevsun is currently focused on advancing its precious and base metal-rich Bisha Project in Eritrea.

Nevsun Resources is currently focused on advancing the large, high grade gold, copper and zinc Bisha Project in Eritrea. The Bisha volcanic-associated massive sulphide (VMS) deposit is located in a newly discovered VMS district in western Eritrea. A mining license was issued for the project in early January 2008 covering an area of approximately 16.5 square kilometers within a mining agreement area of approximately 39 square kilometers and includes the Bisha Main Zone deposit and the Northwest Zone deposit. The Company retains an exploration license of approximately 94.5 square kilometers, including the Harena deposit.

The Company's Eritrean portfolio provides a good base for future corporate growth.

Nevsun completed the final feasibility study and a Social & Environmental Impact Assessment (SEIA) as well as a draft Environmental Management Plan for the Bisha Project in Q4 2006. These documents were prepared on behalf of the Company by AMEC Americas for the purpose of licensing the Bisha Project. Subsequently, in January 2008 a mining license was issued to the company.

The project economics are shown below using both recent commodity prices and conservative historical commodity prices. A 43-101 compliant report has been filed on SEDAR and EDGAR by the Company.

Highlights from the Bisha Feasibility Study (Q4 2006)

In October 2007 the Government of Eritrea indicated its strong support for the Bisha Project and for the development of a new and strong mining sector in Eritrea through its purchase of a 30% paid participating interest through the Eritrean National Mining Company (ENAMCO). For details of the Bisha Mining Share Company (“BMSC”) shareholder agreement please refer to the company's press release dated October 29th, 2007. The shareholder structure of BMSC is 60% Nevsun and 40% ENAMCO; with the ENAMCO shareholding comprising a 30% paid participating interest and a 10% free participating interest as provided by the country’s mining legislation. In December 2007 Nevsun's Eritrean venture company, BMSC, concluded a mining agreement with the Government of the State of Eritrea. The mining agreement contains all of the normal provisions governing the future development and operations for the Bisha Project, including all substantive requirements of international financial institutions.

Nevsun has undergone a bidding process and has selected its EPCM (engineering, procurement, construction and management) contractor for the Bisha Project: SENET of South Africa. The Company also sought competitive quotes for the procurement of the project’s major capital long lead items and has identified its preferred supplier for the critical long lead items, including the crusher, SAG and ball mills. Funding for this procurement and for starting the detailed engineering design component of an EPCM contract for the 2m tonne per year Bisha mining and milling operations was the focus of the private placement financing of October, 2006.

Corporate Information on Stockhouse

Cliff T. Davis C.A., ICD.D Chief Executive Officer

Mr. Davis was appointed Chief Executive Officer in August 2008 after having served as Executive Vice President and Chief Financial Officer since 2002 and CFO from 1994 to 2000. During the period from 2000-2002 he was the Chairman and CEO of a public chemical manufacturing company. Mr. Davis is a Chartered Accountant and a member of the Institute of Corporate Directors. Prior to joining Nevsun in 1994, he was an audit partner in the international accounting firm KPMG, where he provided services predominantly to public companies in the resource, industrial and financial sectors. Mr. Davis has had experience as a director of a number of other Canadian public companies in the industrial and mining industries. He currently sits on the board of one other junior resource company.

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