NMC Resource Corporation

NMC Resource Corporation

May 27, 2011 10:00 ET

NMC Resource Reaches 66.4% of 2010 Sales Figure in Q1, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 27, 2011) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") - NMC Resource is pleased to announce that it recorded 66.4% of its sales figure for 2010 during the first quarter ended March 31, 2011 (the "First Quarter"). During the First Quarter, NMC Resource produced 212,708 pounds of molybdenum with daily throughput of 860 tonnes at its NMC Moland Mind located in South Korea. The sales figure for the First Quarter recorded CAD3,744,031; in 2010, the sales figure recorded was CAD5,636,910. Due to the IFRS adoption, the financial results for the First Quarter will be released in June, 2011.

NMC Resource is also pleased to announce that, subject to regulatory approval, it has engaged the services of Graham A. Keevil to provide investor relations activities services for NMC Resource. The engagement of Mr. Keevil 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. Keevil (the "Agreement"), NMC Resource will pay Mr. Keevil $1,500 per month plus applicable taxes, subject to regulatory approval. The term of the Agreement is on a monthly basis, and may be terminated with 10 days written notice by either party.

NMC Resource: NMC Resource has been producing molybdenum from its NMC Moland Mine located in South Korea since April 2010. NMC Resource is a part of Dong Won Resource Group in South Korea. Dong Won Resource Group has been involved in production of iron, gold, coal, oil and gas since 1962.


Yoo Sup Han; President, Chief Executive Officer 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. Specifically, this news release includes Forward-Looking Statements regarding the release of financial results for the First Quarter in June, 2011". 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)