Hudson Resources Inc.

Hudson Resources Inc.

April 04, 2006 16:26 ET

Hudson Acquires 100% Interest in the Garnet Lake Diamond Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2006) - HUDSON RESOURCES INC. ("Hudson")(TSX VENTURE:HUD) is pleased to announce that it has entered into an agreement with New Millennium Resources Ltd. to acquire a 100% interest in the Sarfartoq Exploration Licence in West Greenland. Hudson previously held an 80% interest in the diamond rights associated with the licence. The Sarfartoq EL hosts the Garnet Lake and Nilalik diamond occurrences that Hudson has been actively exploring for the past several years.

Consideration for the transaction involves the issuance to New Millennium of 600,000 common shares, fifty percent of which will be free trading one year from the date of issue. The balance will be free trading on the second anniversary from the date of issue. Hudson will assume all on-going obligations associated with New Millennium's Niobium/Tantalum exploration program and acquire any property associated with that program. The agreement is subject to the approval of the regulatory authorities.

"We are very pleased with obtaining 100% control of the Garnet Lake project," commented James Tuer, President of the Company. "While we've had a good working relationship with New Millennium, having complete control over the ownership of the property gives us a lot more stability. New Millennium gives up its 20% free carried interest through feasibility in return for a direct share ownership position. We hope that our aggressive exploration program planned for this year will generate a very good return for all of our shareholders in the near future."

Hudson Resources Inc. is a diamond exploration company focused on a 1,500 sq km licence area near Sarfartoq, West Greenland. In 2004, the Company located the first highly diamondiferous kimberlite occurrence in Greenland with the recovery of 151 diamonds from a 108 kg sample. In 2005, Hudson found additional sources of significantly diamondiferous kimberlite in drill core at Garnet Lake. The Company has just announced that the ongoing seismic reflectance survey has been able to discern the dike down dip to at least 1,000m at a depth of 400m. Hudson currently trades on the TSX Venture Exchange under the symbol "HUD" and has 14.8 million shares outstanding.


James Tuer, President

This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those antticipated in these statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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