NMC Resource Corporation

NMC Resource Corporation

December 15, 2010 16:24 ET

NMC Resource Engages Investor Relations Activities Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2010) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce that, subject to regulatory approval, it has engaged the services of Louis Morin to provide investor relations activities services for the Company. The engagement of Mr. Morin reinforces NMC Resource's commitment to improve communications and information flow to its shareholders and the investment community.

Under the term of the investor relations activities services agreement with Mr. Morin (the "Agreement"), NMC Resource will pay Mr. Morin $6,000 per month plus applicable taxes, subject to regulatory approval. Also under the terms of the Agreement, NMC Resource will grant to Mr. Morin 250,000 incentive stock options exercisable into 250,000 common shares of NMC Resources, on a pre-consolidation basis, at $0.25 per common share for a term of 3 years. The incentive stock options will be subject to vesting provisions and further subject to regulatory approval. The term of the Agreement is on a monthly basis, and may be terminated with 30 days written notice by either party.

On behalf of the board of NMC RESOURCE CORPORATION

Yoo Sup Han; President and Director

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. 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 policies 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)