Case: Nevsun Resources Ltd.

Attorneys: Frederic S. Fox, Laurence D. King, Donald R. Hall, Jeffrey P. Campisi, Pamela A. Mayer

February 7, 2012 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating Vancouver, Brittish Columbia-based Nevsun Resources Ltd. (“Nevsun” or the “Company”) (AMEX: NSU) for potential violations of the federal securities laws. Investors who purchased Company securities may be affected.

On February 7, 2012, the Company issued a press release providing an updated outlook for gold production in 2012 of 190,000 to 210,000 ounces from the Bisha mine in Eritrea. Following this disclosure, multiple news sources reported that Nevsun had cut its 2012 gold production guidance in half. According to an article appearing in Mineweb entitled “Missing oxide ore sees Nevsun cut 2012 gold output guidance in half”, Nevsun said that in matching what it mined in 2011 to what it had modeled in reserves a discrepancy began to emerge last year and much of what the Company had pegged as gold bearing ore turned out to be waste rock in the upper oxide zone at Bisha.

On February 7, 2012, Nevsun’s ordinary shares declined by $1.94 per share, more than 30%, to close at $4.41 per share on heavy volume.

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