NMC Resource Corporation
TSX VENTURE : NRC

NMC Resource Corporation

September 27, 2011 08:00 ET

NMC Resource (TSX VENTURE:NRC) Announces Additional High Grade Molybdenum Results Highlights

- Hole 10-SS5 drills 10.0 metres of 1.47% MoS2

- Hole 10-SS4 drills 15.0 metres of 1.09% MoS2

- Main Zone mineralization grades improves at depth and remains open down dip

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2011) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce very high grade assay results from the drilling in 26 additional holes completed in the main zone between the 257 metre level (the second adit) and the 217 metre level (the third adit) (the "Main Zone Extension") at NMC Moland Mine in South Korea. For the Main Zone Extension, a 36-drill hole program, representing 2,516 metres, has now been completed since 2010. The assay results from the 26 holes, representing 1,771 metres, cover the eastern side of the deposit of the Main Zone Extension, and define areas of high grade over excellent mineable widths.

The assay results from the other 10 holes, representing 745 metres (as previously announced in the news release dated August 23, 2011) cover the western side of the Main Zone Extension. The Main Zone Extension also has some limited historical samples and drill data, which have guided the new drill programs. A new drilling program (2011) is now in progress to trace the down dip extensions of the main zone of molybdenum mineralization beyond the 217 metre level.

The assay results for some selected holes are as follows (cut-off grade: 0.1% MoS2). A full list of the assay results of all 26 holes is available at the following link: http://www.nmcresource.com/i/pdf/Assay%20results.pdf

- NMC 10-SS5 (Location: 396961 mN, 130166 mE, Azimuth: 225°, Dip: +20°, Length: 40 m)

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 22.0 – 32.0 10.0 7.7 1.47 0.88
Includes 23.0 – 24.0 1.0 0.8 3.85 2.31
Includes 26.0 – 28.0 2.0 1.5 3.77 2.26

- NMC 10-SS4 (Location: 397045 mN, 130033 mE, Azimuth: 180°, Dip: +30°, Length: 80 m)

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 0.0 – 6.0 6.0 4.6 0.53 0.32
Intersection 18.0 – 33.0 15.0 9.6 1.09 0.65
Includes 24.0 – 29.0 5.0 3.2 2.15 1.29
Includes 31.0 – 32.0 1.0 0.6 2.95 1.77
Intersection 34.0 – 36.0 2.0 1.3 0.19 0.11
Intersection 39.0 – 45.0 6.0 3.9 0.29 0.17

- NMC 10-ST15 (Location: 397006 mN, 130139 mE, Azimuth: 180°, Dip: -40°, Length: 84 m)

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 12.0 – 18.0 6.0 5.6 1.32 0.79
Includes 13.0 – 15.0 2.0 1.9 3.42 2.05
Intersection 20.0 – 23.0 3.0 2.8 0.57 0.34
Includes 21.0 – 22.0 1.0 0.9 1.02 0.61
Intersection 47.0 – 48.0 1.0 0.9 0.61 0.37
Intersection 63.0 – 65.0 2.0 1.9 0.54 0.32
Intersection 74.0 – 75.0 1.0 0.9 0.30 0.18

- NMC 11-SSA7 (Location: 396938 mN, 130121 mE, Azimuth: 360°, Dip: 0°, Length: 94 m)

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 1.0 – 2.0 1.0 0.9 0.16 0.10
Intersection 4.0 – 17.0 13.0 12.2 0.74 0.44
Includes 8.0 – 10.0 2.0 1.8 1.79 1.07
Includes 15.0 – 16.0 1.0 0.9 2.09 1.25
Intersection 19.0 – 22.0 3.0 2.8 0.72 0.43
Includes 20.0 – 21.0 1.0 0.9 1.56 0.94
Intersection 25.0 – 26.2 1.2 1.1 2.28 1.37
Intersection 31.0 – 36.0 5.0 4.7 0.87 0.52
Includes 34.0 – 35.0 1.0 0.9 3.34 2.00
Intersection 42.0 – 44.0 2.0 1.8 0.17 0.10
Intersection 52.0 – 54.0 2.0 1.8 0.33 0.20
Intersection 57.0 – 57.5 0.5 0.5 1.04 0.62
Intersection 60.0 – 66.0 6.0 5.6 0.47 0.28
Intersection 67.7 – 75.0 7.3 6.8 0.27 0.16
Intersection 81.0 – 86.0 5.0 4.7 0.21 0.13

- NMC 10-SS2 (Location: 397045 mN, 130059 mE, Azimuth: 180°, Dip: +40°, Length: 54 m)

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 12.0 – 14.0 2.0 0.7 0.20 0.12
Intersection 22.0 – 39.0 17.0 5.8 0.63 0.38
Includes 32.0 – 35.0 3.0 1.0 2.11 1.27

These assay results support the existence of the high grade molybdenum mineralization below 257 metre level. A technical report on NMC Moland Mine dated October 8, 2009 prepared by R.S. Middleton, P. Eng. in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and filed on SEDAR on November 19, 2009, covers the deposit only above 257 metre level. NMC Resource intends to update the resource estimate to include the downward extension of NMC Moland Mine.

NMC Moland Mine has been in commercial production since April 2010 and continues to provide NMC Resource with a stable revenue stream. The crushing chamber at NMC Moland Mine is located underground, and 100% water is recycled. NMC Moland Mine does not have a tailings pond since all tailings are used as cement making material.

Pulps were shipped from NMC Moland Mine by secure courier to ALS Chemex in North Vancouver, BC, where a representative sample was digested by four acid solution and then analyzed using ICP analysis. Supervision of the assaying is being conducted by R.S. Middleton, P. Eng., a "qualified person" as that term is defined in NI 43-101. R.S. Middleton has reviewed and approved the technical information set out in this news release.

About NMC Resource Corporation

NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: NMC Moland Mine in South Korea (a producing Molybdenum mine with an increasing production profile and resource base) and Boss Mountain Mine in British Columbia, Canada. NMC Resource's assets are strategically located to supply the growing demand for Molybdenum from the Asian markets.

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. Specifically, this news release includes Forward-Looking Statements regarding the assay results from the 26 holes, representing 1,771 metres, indicating occurrences of encouraging high grade values over good widths, the current assay results supporting the existence of the high grade molybdenum mineralization below 257 metre level at NMC Moland Mine, NMC's plan to update the resource estimate to include the downward extension of NMC Moland Mine, a strong resource expansion potential at NMC Moland Mine and NMC's plan for an exploration program at Boss Mountain Moly Mine in British Columbia. 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.

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