NEW YORK, Sept. 24, 2018 (GLOBE NEWSWIRE) —

1. Security and Reporting Issuer

1.1 State the designation of securities to which this report relates and the name and address of the head office of the issuer of the securities.

Common Shares (“Shares”) of Nevsun Resources Ltd. (the “Offeree”)

Nevsun Resources Ltd.
Suite 1750 – 1066 West Hastings St
Vancouver, BC
V6E 3X1

2. Identity of the Acquiror

2.1 State the name and address of the acquiror.

BlackRock, Inc. (for and on behalf of its investment advisory subsidiaries) (“BLK”)
55 East 52nd Street
New York, NY  10055
U.S.A.

2.2 State the number of securities of the offeree issuer that were beneficially acquired, or over which control or direction was acquired, in the transaction that gave rise to the requirement under section 5.4 to issue the news release.

The Offeree is the target of a take-over bid made by 1178180 B.C. Ltd. dated September 14, 2018 to acquire all of the issued and outstanding Shares for a purchase price of $6.00 per Share. As of the close of trading on September 20, 2018, BLK controlled and directed 43,982,917 Shares, representing approximately 14.54% of the issued and outstanding Shares. On September 21, 2018, BLK, acquired control and direction over an additional 7,117 Shares, resulting in the same total securityholding percentage of 14.54%.

2.3 State the number of securities and the percentage of outstanding securities of the offeree issuer that the acquiror and all persons acting jointly or in concert with the acquiror, have beneficial ownership of, or control or direction over, immediately after the acquisition described in paragraph 2.2.

BLK controls and directs 43,990,034 Shares, representing approximately 14.54% of the issued and outstanding Shares.

BLK is not acting jointly and in concert with any other person in connection with its control and direction over Shares of the Offeree.

3. Interest in Securities of the Reporting Issuer

3.1  State the number of securities of the offeree issuer that were beneficially acquired, or over which control or direction was acquired, by the acquiror and all persons acting jointly or in concert with the acquiror, since the commencement of the bid.

Since the commencement of the bid, BLK has acquired, in the normal course of its business, control and direction over 9,198 Shares (and disposed of 55,389 Shares) of the Offeree, representing a net decrease of 46,191 Shares.

BLK is not acting jointly and in concert with any other person in connection with its control and direction over Shares of the Offeree.

3.2 State the name of the market in which the acquisition described in paragraph 2.2 took place.

Toronto Stock Exchange.

3.3 State the purpose of the acquiror and all persons acting jointly or in concert with the acquiror in making the acquisition described in paragraph 2.2, including any intention of the acquiror and all persons acting jointly or in concert with the acquiror to increase the beneficial ownership of, or control or direction over, any of the securities of the offeree issuer.

BLK acquired control and direction over the Shares for investment purposes by investment funds and client accounts managed by BLK.

For further information, please contact Elizabeth Henschel at [email protected] or 1-646-231-1377.