NMC Resource Corporation
TSX VENTURE : NRC

NMC Resource Corporation

April 12, 2012 08:30 ET

NMC Resource (TSX VENTURE:NRC) Increases Production at Moland Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2012) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce the production ramp-up and Q1 production figures from its NMC Moland Mine ("Moland") in South Korea.

From April 1st 2012, NMC Resource has increased the average daily throughput by 20% to approximately 1,050 ore tonnes from 876 ore tonnes in 2011. NMC Resource plans to produce 800 tonnes of molybdenum disulfide (MoS2) in 2012.

Production highlights for the first quarter ended March 31, 2012 are as follows:

  • Produced 172 tonnes of MoS2, processing 62,403 tonnes of ore
  • Produced an average mill head grade of 0.31% MoS2
  • Recorded 88% MoS2 average recovery at an average concentrate grade of 88% MoS2

In 2011, NMC Resource successfully expanded the resource for Moland*. A 3,000-metre diamond drilling program is planned for infill drilling and testing westward, northward and downward extension of the deposit.

NMC Resource also participates in a three-year research project, "Geophysical Exploration for Ore Body in Depth and Development of Mining Technique" by KIGAM (Korea Institute of Geoscience and Mineral Resources) and two universities in South Korea at its Moland from 2012 to 2014.

* Technical Report and Resource Estimate Link (Filed in December 2011): http://www.nmcresource.com/i/pdf/Moland%20Mine%20Technical%20Report%20%28NI43-101%29%20-%20Dec.%202011.pdf.

About NMC Resource Corporation

NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: NMC Moland Mine ("Moland") in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial production in April 2010 and has been operating with a positive operating cash flow since. A new technical report was filed in December 2011 with an updated resource, and an active resource expansion drill program continues at Moland. Resource expansion drilling program requiring deep drill holes has been sponsored by KORES (Korea Resources Corporation, a state-owned mining company). As a sole producer of high grade molybdenum in South Korea, NMC Resource is also examining a number of marketing and production strategies to further enhance the mine's economics. Boss Mountain is a past molybdenum producer. NMC Resource is currently assessing historic resource data from 247 drill holes completed by the last mine operator Noranda Mines Ltd.

On behalf of the board of NMC RESOURCE CORPORATION

Do Hyung Kim; 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 that NMC Resource plans to produce 800 tonnes of MoS2 in 2012 and that a 3,000-metre diamond drilling program is planned for infill drilling and testing westward, northward and downward extension of the deposit. 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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