NORMABEC MINING RESOURCES LTD.
TSX VENTURE : NMB

NORMABEC MINING RESOURCES LTD.

March 17, 2005 14:42 ET

Normabec: New Release Schedule of Shares Held in Escrow


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORMABEC MINING RESOURCES LIMITED

TSX VENTURE SYMBOL: NMB

MARCH 17, 2005 - 14:42 ET

Normabec: New Release Schedule of Shares Held in Escrow

ST-BRUNO, QUEBEC--(CCNMatthews - March 17, 2005) - Normabec Mining
Resources Ltd (TSX VENTURE:NMB) ("Normabec") announces that a new escrow
agreement was signed on March 16, 2005 between Normabec, the holders of
escrowed shares and Computershare Investor Services Inc. The changes to
the release schedule of the 375,000 escrowed shares had previously been
approved by Normabec's shareholders on January 22, 2004.

The 375,000 escrowed shares are held by actual and former directors and
officers of Normabec.

The new terms of release of the escrowed shares are as follows:



May 16, 2005 (the "Initial Date") 10% of the shares;
6 months after the Initial Date 15% of the shares;
12 months after the Initial Date 15% of the shares;
18 months after the Initial Date 15% of the shares;
24 months after the Initial Date 15% of the shares;
30 months after the Initial Date 15% of the shares; and
36 months after the Initial Date 15% of the shares.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Normabec Mining Resources Limited
    Robert Ayotte
    President
    (450) 441-9177
    The TSX Venture has neither approved nor disapproved the contents of
    this press release.