December 27, 2007 12:19 ET

Normabec Announces Adoption of a Shareholder Rights Plan

MONTREAL, QUEBEC--(Marketwire - Dec. 27, 2007) - Normabec Mining Resources Ltd. (TSX VENTURE:NMB)(FRANKFURT:N6M) ("NORMABEC") announces that its board of Directors has adopted as of December 19, 2007 a Shareholder Rights Plan (the "Plan") to encourage a fair treatment of shareholders, should a take-over bid be made for Normabec. The Plan is effective today and will provide the Board of Directors of Normabec (the "Board") and the shareholders, more time to consider unsolicited take-over bid for Normabec. The Plan is intended to discourage coercive of unfair take-over bids and gives the Board time to pursue alternatives to maximize Shareholder value, if appropriate, in the event of an unsolicited take-over bid.

The Plan has not been adopted in response to, or in contemplation of, any specific proposal to acquire control of Normabec. The Plan is subject to acceptance by the TSX Venture Exchange and must be ratified by the Shareholders at its next meeting which is scheduled to take place in February 2008. Unless otherwise terminated in accordance with its terms, the Plan will terminate at the close of the third Annual Meeting of Normabec Shareholders following the meeting at which the Plan is ratified by Shareholders, unless the Plan is reconfirmed and extended at such meeting.

The Board is of the view that the success of the recent drilling program on the Real de Catorce property in San Luis Potosi State, Mexico might have created an environment where an opportunistic take-over offer could be made for Normabec. Such an offer may not be in the best interest of all shareholders. Consequently, the Board of Directors has adopted a Shareholder Rights Plan, the benefits of which extend to Normabec Shareholders should an offer be made for Normabec.

The Rights issued under the Plan will become exercisable only when a person, including any party related to it, acquires or announces its intention to acquire 20% or more of the outstanding shares of Normabec without complying with the "Permitted Bid" provisions of the Plan or without approval of the Board. Should such acquisition occur, each right will, upon exercise, entitle a right holder other than the acquiring person or related persons to purchase shares of Normabec at a substantial discount to the market price at the time.

Under the Plan, a "Permitted Bid" is a bid made to all shareholders of Normabec and is open for acceptance for not less than 60 days. If, at the end of such 60 day period, at least 50% of the outstanding shares, other than those owned by the Offeror or certain related parties, have been tendered, the offeror may take up and pay for the shares but must extend the bid for a further 10 days to allow other shareholders to tender.
The Plan is similar to other Shareholder Rights Plan recently adopted by several other Canadian companies and approved by their respective shareholders. A complete copy of the Shareholders rights Plan will be available shortly on SEDAR at

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