Nevsun Resources Ltd (NSU)

[geodan]

Shotgun,if I was you would sell NSU its obviously troubling you.

VANCOUVER, Sept. 12, 2016 /PRNewswire/ - Nevsun Resources Ltd.(NSU) ("Nevsun" or the "Company") is pleased to announce its intention to introduce a dividend reinvestment plan ("DRIP"). The DRIP will allow shareholders to reinvest their cash dividends into additional common shares. Participation in the DRIP will be optional and will not affect shareholders' cash dividends unless they elect to participate in the DRIP. Details on the DRIP and the timing of implementation will be provided in the announcement of the third quarter 2016 dividend which is expected no later than September 22, 2016.

Benefits of the DRIP for Nevsun shareholders would include:

-- Commission free -- Shareholders will not pay any costs or commissions in
connection with purchases of common shares under the DRIP.

-- Discount -- Common shares issued under the DRIP at a discount to the
market price.

-- Full or partial participation -- Shareholders can elect to receive all or
part of their dividend in additional common shares.

-- Participation rights -- Shareholders can elect to participate or cease to
participate in the DRIP from time to time.
Cliff Davis, Nevsun's CEO commented: "Our dividend is core to our capital allocation philosophy. The newly implemented DRIP allows our shareholders to redeploy the Company's dividend in a cost efficient manner while increasing equity participation in the Company's tremendous growth profile."

Participation in the DRIP is open to all registered and beneficial shareholders in Canada, the United States and other jurisdictions where participation in the DRIP would not be prohibited or restricted by applicable law. Dividends are paid only when declared by Nevsun's Board of Directors and the Company may, in its discretion, change or eliminate the discount applicable to treasury acquisitions, or any other terms of the DRIP.

The DRIP, which is currently being finalized, is subject to Toronto Stock Exchange and New York Stock Exchange approval. Following approval by Nevsun's Board and the exchanges, details of the DRIP and how to enroll in it will be provided on the Company's website at www.nevsun.com/investors/dividends/.

This news release is not an offer to sell or a solicitation of an offer of securities. Nevsun plans to also file a registration statement relating to the DRIP with the U.S. Securities and Exchange Commission.