Tabakoto Update

March 6, 2007

Tabakoto Update

Nevsun Resources Ltd. (NSU-TSX and AMEX) (“Nevsun”) is pleased to provide an update on production operations at its Tabakoto Mine for the period of November 2006 – February 2007. These results represent an update to the press release of December 7, 2006 that outlined the operational results for September – November 2006. The months of December through February on average sustained the overall improvements in both ore grade and mill throughput seen in the previous three months.

The Tabakoto ball mill was out of service for seven days during February for a routine mill relining. This was the first relining of the mill and the work progressed well. Other modifications were made to the crusher and mill circuits to assist in future throughput and efficiency improvements. The final mill tonnage for February achieved the forecast for the month recognizing the planned ball mill downtime and the downtime for other circuit modifications.

During late January some of the higher grade fraction of mill feed originally planned for February was brought forward, replacing some of the lower grade mill feed fraction originally scheduled. This was done to assist cash flow ahead of the planned shutdown resulting in the +8,000 oz January production and lower production in February.

The December 2006, January 2007 and February 2007 production realized sales of US$624, US$626 and US$668 per ounce on gold shipped during the month.

As commented in the press release of December 7, 2006, the Company has been engaged in an annual review of its forward mining programs, taking into account the negative variations being observed between its original pre-production mining model for Tabakoto and gold grades achieved during actual mining operations. The reduced mine grades are expected to reduce the life of mine by approximately 200,000 ounces. The Company is testing increasing the capacity of the Tabakoto milling operations through minor modifications to mill pumps and crusher screen installations in order to increase gold output. The Company is also reviewing test mining of the Segala deposit in the near term for additional ore throughput and restarting active exploration at Tabakoto and Segala.

Forward Looking Statements:  The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements.  Factors that could cause such differences include:  changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, extent of resources actually contained in mineral deposits, actual recoveries achieved in processing ore, technological change, weather conditions, change in government and changes to regulations affecting the mining industry.  Forward-looking statements in this release include statements regarding future program improvements and changes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.