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Nevsun Resources Ltd.

11:41 AM EST - Nevsun Resources Ltd. : announced that the Bisha Mining Share Company, a 60%-owned subsidiary of Nevsun, has closed its previously announced agreement to acquire the Mogoraib River exploration license in Eritrea. Pursuant to the Agreement announced August 1, 2012, Bisha has paid Sanu Resources, a subsidiary of NGEx Resources Inc. of Vancouver, $5 million U.S. Nevsun Resources Ltd.

shares T.NSU are trading down $0.15 at $4.37.