Avanco Resources’ Brazil exploration update April 6, 2010

Avanco Resources (ASX: AVB) updates the market on its nickel, copper and gold exploration in Brazil.

Highlights:

• The Company has entered into a binding letter of intent to acquire the Guapore Nickel Copper PGM Project. The Project is situated in a highly prospective region for the discovery of new nickel sulphide deposits.
• The acquisition of Guapore Project is a further expansion to Avanco’s portfolio of highly prospective nickel and copper projects.
• Drilling is well advanced at the Touro Nickel Project in the Carajas with assays expected in the coming weeks.
• Avanco is pushing ahead with the development scenario for the Rio Verde Copper Project and should soon be able to announce the granting of a Trial Mining Licence.
• The Company has recently announced a fully underwritten non renounceable entitlements issue to raise $5,112,323.

Click here to view the full announcement.

For further information, please contact:

Tony Polglase
Executive Director
Tel: +61 8 9321 6600
E-mail: info@avancoresources.com

Media:
Luke Dean
Fortbridge
Tel: +61 2 9331 0655
Mob: +61 414 535 433
Email: luke.dean@fortbridge.com