Fortbridge Media Release

Avanco Resources [ASX: AVB] - Quarterly Activities Report, March 2011

HIGHLIGHTS

* 11 rigs operational across Avanco projects:
- 4 rigs drilling for copper at Rio Verde
- 2 rigs drilling for copper at Serra Verde
- 5 Vale rigs drilling for iron ore

* Transaction with Xstrata closed for three fold expansion of the Rio Verde Project - drilling commenced on new targets.

* Rio Verde High Grade Zone (HGZ) continues to show extensions to the east and west with results reported previously including:
- ARVD-103 2.1m at 9.67%Copper from 38.0m
- ARVD-105 1.0m at 18.83%Copper from 57.4m
- ARVD 106 0.8m at 18.98%Copper from 62.0m

* More HGZ results including ARVD-114, AVRD-115, ARVD-116 and ARVD-117 with visible chalcocite are expected within the coming weeks.

* Very encouraging chalcopyrite concentrations have been intersected in a number of early drill holes at the Serra Verde Project and a second rig has commenced drilling.

* With an improving weather outlook, arrival of superior rigs and assay contingencies in place, increasing drilling rates and more timely results are anticipated.

* Iron ore drilling commenced by Vale SA at the Trindade North Project.

* Acquisition of Concei��o Nickel/PGM Project completed and potential for the discovery of Ni-Cu-PGM�s identified.

For the full report, please visit:

For further information, please contact:

Tony Polglase
Managing Director
E-mail:
Tel: +61 8 9321 6600

Media:
Fortbridge
Tel: +61 2 9331 0655
Luke Dean: +61 414 535 433