Nuinsco Resources Limited
TSX : NWI

Nuinsco Resources Limited

October 25, 2005 08:00 ET

Coincident Geochemistry and Geophysics S Identified at Nuinsco's Athabasca Uranium Property

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) - Nuinsco Resources Limited (TSX:NWI) announces that results of a boulder and outcrop sampling program have been received from its Diabase Peninsula Project in the Athabasca Basin of northern Saskatchewan. These geochemical anomalies are coincident with ground EM conductors that together identify prospective diamond drill targets. Nuinsco holds an option to earn 50% of the project from Trend Mining Company of Denver, Colorado.

In July 2005 272 boulder samples were collected and submitted to the Saskatchewan Research Council in Saskatoon for analysis and interpretation. These samples complement 271 composite boulder samples collected in 1998. The combined sampling was conducted over 21km along the western shore of Cree Lake, although it is heavily concentrated along 5km on the Diabase Peninsula. Zones of boulder clay alteration and trace element anomalies have been identified - chlorite, illite, dravite, Pb, As and Y are all described as anomalous. Alteration of this type occurs near unconformity uranium mineralization elsewhere in the eastern Athabasca Basin.

The geochemical anomalies when combined with coincident strong, continuous, ground TEM geophysical anomalies (reported previously, 11 May 2005) provide compelling diamond drill targets. Recommendations from both the geophysical and geochemical consultants include diamond drilling of the anomalous trends as part of continued exploration on the project. Additional ground geophysics and geochemical sampling will begin immediately.

The 19,000ha Diabase Peninsula Property encompasses coincident, highly prospective, alteration and geophysical signatures indicative of possible uranium mineralization. Located on the western shore of Cree Lake approximately five kilometres north of the southern boundary of the Athabasca Basin, the Diabase Peninsula Property overlies the graphite-bearing Cable Bay Shear Zone - this structure is considered to be an important potential host for uranium mineralization in this part of the Athabasca Basin. The project is being supervised by P.L.Jones, V.P. Exploration for Nuinsco, who acts as QP under National Instrument 43-101.

Nuinsco is an exploration and development company. In addition to the Diabase Peninsula Project the Company has nickel projects in Manitoba and Quebec, base metal projects in Turkey and Ontario and a gold project in Ontario. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI. U.S.S.E.C. exemption: 12g3-2(b)#82-1846. The website address is www.nuinsco.ca.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives of are forward-looking statements that involve various risks and uncertainties.

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