Nevsun Provides Eritrea Update
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/21/13 -- Nevsun
Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) advises that its Bisha Mine in
western Eritrea continues operations as normal. Following reports
earlier today by international news agencies, of a small group of
dissident soldiers taking-over the ministry of information building
in the capital city of Asmara, we have received confirmation that the
city is calm.
Forward Looking Statements
The above contains forward-looking statements regarding future
operations and developments in the State of Eritrea. Forward-looking
statements are frequently, but not always, identified by words such
as "expects," "anticipates," "believes," "intends," "estimated,"
"potential," "possible" and similar expressions, or statements that
events, conditions or results "will," "may," "could" or "should"
occur or be achieved. Forward-looking statements are statements about
the future and are inherently uncertain, and actual achievements of
the Company or other future events or conditions may differ
materially from those reflected in the forward-looking statements due
to a variety of risks, uncertainties and other factors, including,
without limitation, the risks that (i) any of the assumptions in the
historical resource estimates turn out to be incorrect, incomplete,
or flawed in any respect; (ii) the methodologies and models used to
prepare the resource and reserve estimates either underestimate or
overestimate the resources or reserves due to hidden or unknown
conditions, (iii) the mine operations are disrupted or suspended due
to acts of god, internal conflicts in the country of Eritrea,
unforeseen government actions or other events; (iv) the Company
experiences the loss of key personnel; (v) the mine operations are
adversely affected by other political or military, or terrorist
activities; (vi) the Company becomes involved in any material
disputes with any of its key business partners, lenders, suppliers or
customers; (vii) the Company is subjected to any hostile takeover or
other unsolicited attempts to acquire control of the Company; (viii)
the Company is subject to any adverse ruling in any of the pending
litigation to which it is a party; or (ix) the Company incurs
unanticipated costs as a result of the transit
ion from the oxide
phase of the Bisha mining operations to the copper phase in 2013.
Other risks are more fully described in the Company's most recent
Management Discussion and Analysis, which is incorporated herein by
reference. The Company's forward-looking statements are based on the
beliefs, expectations and opinions of management on the date the
statements are made and the Company assumes no obligation to update
such forward-looking statements in the future, except as required by
law. For the reasons set forth above, investors should not place
undue reliance on forward-looking statements.
Please see the Company's Annual Information Form for the fiscal year
ended December 31, 2011 and the Company's Management Discussion and
Analysis for the quarter ended September 30, 2012 for a more complete
discussion of the risk factors associated with our business.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an
operating mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced
gold production in February 2011 and is scheduled to transition to
copper/gold production in 2013. Management expects the Bisha Mine
will rank as one of the highest grade open pit base metal deposits in
NEVSUN RESOURCES LTD.
Cliff T. Davis, President & Chief Executive Officer
604 684 6730 or Toll free: 1 866 684 6730
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