NMC Resource Corporation

NMC Resource Corporation

July 26, 2011 15:49 ET

NMC Resource Engages Ethos Consulting for Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2011) - NMC Resource Corporation ("NMC Resource") (TSX VENTURE:NRC) is pleased to announce that, subject to regulatory approval, it has retained Ethos Consulting Ltd. ("Ethos") to provide investor relations activities services to improve corporate communications to NMC Resource's shareholders and to assist NMC Resource in strategic marketing; specifically in opening productive and continuing dialogue with private investors, analysts, brokers, money managers and other financial professionals.

Under the terms of the investor relations activities services agreement (the "Agreement") with Ethos, Ethos will be compensated, subject to regulatory approval, as follows: (i) C$7,500 per month plus applicable taxes for a three-month initial term, and (ii) 50,000 incentive stock options exercisable into 50,000 common shares of NMC Resource at an exercise price of $1.25 per common share for a term of 2 years; the incentive stock options will be subject to applicable vesting provisions.

Yoo Sup Han, President and CEO of NMC Resource stated, "We are pleased to have Ethos as our partner in an investor relations capacity. The Ethos team has a wealth of experience and contacts from within our sector. We look forward to their involvement at this important stage of our continued corporate growth and development."

NMC Resource further announces that it has terminated its engagement with Mr. Graham Keevil as investor relations activities service provider for NMC Resource effective June 30, 2011. NMC Resource wishes to thank Mr. Keevil for his efforts on behalf of NMC Resource.

About NMC Resource

NMC Resource has been producing molybdenum from its NMC Moland Mine located in South Korea since April 2010. On March 11, 2011, NMC Resource entered into a non-binding letter of intent (the "LOI") with Xstrata Copper Canada with respect to the Boss Mountain molybdenum property located in British Columbia.

On behalf of the Board of Directors

Yoo Sup Han, President & CEO

NMC Resource is listed on the TSX Venture Exchange under the symbol "NRC". For more information, please call Ethos Consulting Toll Free at (1-888-818-1365) or visit (www.nmcresource.com).

Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements regarding the compensation arrangement to Ethos for investor relations services to be provided and NMC Resource's outlook on Ethos involvement in the continued corporate growth and development of NMC Resource. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • NMC Resource Corporation
    DH (Do Hyung) Kim
    (604) 643-1730
    (604) 642-6192 (FAX)

    Ethos Consulting Ltd.
    Toll Free: 1-888-818-1365