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To: Andrew~ who wrote (18649)	6/17/2016 2:59:10 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Nevsun Resources (NSU-T) and Reservoir Minerals (RMC-V) Receive Shareholder Approval for Business Combination June 17, '16 - NR Nevsun Resources is pleased to announce that both Nevsun and Reservoir Minerals Inc. shareholders have voted in favour of the respective resolutions necessary to approve the plan of arrangement announced April 24, 2016 and amended on June 16, 2016 ("Arrangement") pursuant to which Reservoir will become a wholly-owned subsidiary of Nevsun. The Arrangement is expected to close on or about June 23, 2016, subject to applicable regulatory approvals and satisfaction of other customary conditions. Nevsun Approval for Issuance of Common Shares Thespecial resolution approvingthe issuance of the Nevsun common shares to Reservoir Minerals in connection with the Arrangement was approved with 98.95% of votes cast voting in favour. Reservoir Approval of Arrangement The special resolution approving the Arrangement was approved by: (i) 68.24% of the votes cast by Reservoir shareholders present in person or represented by proxy at the meeting; (ii) 69.15% of the votes cast by Reservoir shareholders and option holders voting as a single class present in person or represented by proxy at the meeting; and (iii) 66.56% of the votes cast by "minority" Reservoir shareholders. "This transaction diversifies Nevsun's asset base, putting our cash balance to work in a strategic and high return investment that will deliver significant value to our shareholders," said Mr. Cliff Davis, Nevsun's President and Chief Executive Officer. "With ongoing cash flow generation from our Bisha mine, we have the financial strength and proven technical ability to move the high grade Timok copper-gold project forward in a timely manner. We look forward to working with all stakeholders to bring the project into production." About Nevsun Resources Ltd. Nevsun Resources Ltd. is the 60% owner of the high grade Bisha Mine in Eritrea. Bisha has nine years of reserve life, generating revenue from both copper and zinc concentrates containing gold and silver by-products. Nevsun has a strong balance sheet with no debt and pays a peer leading quarterly dividend. Nevsun is well positioned to grow shareholder value through exploration at Bisha and acquisition of additional mining assets. NEVSUN RESOURCES LTD. "Cliff Davis" Cliff T. Davis President & Chief Executive Officer SOURCE Nevsun Resources Ltd. Scott Trebilcock, Tel: +1 604 623-4700, Email: strebilcock@nevsun.com , Website: www.nevsun.com