Nevsun Resources (NSU) Announces 4M Common Buyback

Nevsun Resources Ltd. (AMEX: NSU) has initiated a common share repurchase program using the normal course issuer bid facility under Toronto Stock Exchange ("TSX") rules. Nevsun has received approval from the TSX to purchase up to 4,009,408 common shares of the Company, representing approximately 2% of the 200,470,415 common shares issued and outstanding as at March 15, 2012. The purchases may commence no earlier than March 26, 2012 and continue over the next six months depending on market conditions until September 26, 2012.

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