Nevsun Announces Q2 Gold Production of 87,000 Ounces

Nevsun Resources Ltd.

- Q2 2012 HIGHLIGHTS -- Produced 87,000 ounces of gold (169,000 ounces year-to-date) -- Mined 500,000 tonnes of ore at 6.04 g/t gold -- Harena mining license granted by State of Eritrea -- Copper plant expansion on plan for mid-2013 commissioning -- Nevsun continues review of acquisition opportunities Nevsun Resources Ltd. is pleased to announce strong production results of 87,000 ounces of gold for the quarter ending June 30, 2012. Gold production in the quarter was above expectations due to higher than anticipated grades in portions of the transitional oxide zone. We reiterate our revised full year 2012 production guidance of 240,000 to 260,000 ounces of gold production however will re-evaluate in August when reviewing the full quarter financial results with the added benefit of observing July actual mining results.