Minsud Announces Closing of Above Market Non-Brokered Private Placement Financing for Gross Proceeds of $970,000

TORONTO, ONTARIO--(Marketwire - June 18, 2012) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce the closing of a non-brokered private placement offering of units in Minsud (the "Units") for gross proceeds of $970,000 (the "Private Placement"). In connection with the closing of the Private Placement, Minsud issued 5,105,266 Units at a price of $0.19 per Unit with each Unit comprising of one common share in the capital of the Company ("Common Share") and one half of one common share purchase warrant ("Warrant"). Each whole Warrant is exercisable for one Common Share at a price of $0.35 for a period of 24 months from the closing date of the Private Placement.

The proceeds of the Private Placement will be used to support the ongoing business plan primarily to continue developing exploration targets at the Chita Valley and La Rosita projects and for general working capital purposes.

Out of the 5,105,266 Units issued under the Private Placement, 1,157,896 Units were purchased by current insiders of the Company.

The Private Placement remains subject to the approval of the TSX Venture Exchange. The securities issued in connection with the closing of the Private Placement will be subject to a four month hold period expiring on October 19, 2012.

After completion of the Private Placement, Minsud has 39,738,266 Common Shares issued and outstanding.

Mr. Carlos Massa, Minsud's President and CEO, states, "We are thankful for the continued and strong support received from key investors during the current difficult world market conditions, allowing the Company to continue advancing the mineral projects through tough times, while minimizing dilution for shareholders."

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Project, primarily for gold, silver and copper in San Juan Province, as well as advancing its La Rosita project at the Deseado Massif - Santa Cruz Province, República Argentina.

The Company also holds a 100% owned portfolio of selected early stage prospects, approximately 60,000 hectares distributed within the Provinces of Santa Cruz, Chubut and Rio Negro, República Argentina.