April 5, 2010 (FinancialWire) — Bertrand Brassard, director and vice-president exploration of Nevado Venture Capital Corp. (TSX Venture: VDO) said he acquired on April 1st, 2010, 510,000 Class "A" shares of Nevado, at a value of $0.41 per share in consideration for the sale to Nevado of the Nicolet-North (246 mining claims) and Nicolet-East (352 mining claims applications) properties.

In addition to the issuance by Nevado of 510,000 common shares in favor of Bertrand Brassard, Brassard has received in consideration for the sale of the Properties, an aggregate amount of $50,000 and a 2% net smelter return of which 1% is redeemable by Nevado for a sum of $1,000,000. On a non-diluted basis, this holding of 510,000 common shares represents an increase of 2.54% of the common shares in the share capital of Nevado as of April 1st, 2010.

Brassard directly and indirectly holds 2,185,000 common shares of Nevado. On a non-diluted basis, he currently holds 10.62% of the common shares of Nevado issued and outstanding as of April 1st, 2010. On a diluted basis, assuming the exercise of 175,000 stock options that Brassard has with Nevado, he would hold 11.38% of the common shares of Nevado issued and outstanding as of April 1st, 2010.

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