NMC Resource Corporation
TSX VENTURE : NRC

NMC Resource Corporation

September 22, 2011 08:00 ET

NRC: KORES to Conduct a Project Assessment Study on Boss Mountain Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce that Korea Resources Corporation ("KORES"), South Korea's state owned company, has started a project assessment study on NMC Resource's Boss Mountain molybdenum and copper project ("Boss Mountain Mine"). This is South Korean government sponsored Overseas Mineral Resources Research program for year 2011. Management anticipates that the study will serve as an internal baseline model to plan efficient exploration program and project development.

Boss Mountain Mine was operated by Noranda in the past, mainly as an underground mine producing high grade molybdenum ore. It was closed in January 1983 due to low molybdenum price and has not been in operation since. It is located approximately 10 kilometers west of Hendrix Lake, British Columbia and has power lines and good road access. When Noranda terminated its mining operation, a significant amount of molybdenum resource remained according to the old data. NMC Resource plans to first confirm this historical resource and then to drill further to expand the resource with a view to developing it into an open pit mine. Beyond non-NI 43-101 compliant historical resource, the vertical depth and the lateral extent of the mineralization are open for exploration.

For further detail regarding Boss Mountain Mine, please refer to NMC Resource's news release dated August 16, 2011 and the corporate website.

NMC Resource further announces that it has terminated its engagement of Ethos Consulting Ltd. ("Ethos") as investor relations activities service provider effective September 7, 2011. Management wishes to thank Ethos for its efforts on behalf of NMC Resource.

About NMC Resource Corporation

NMC Resource Corporation (TSX VENTURE:NRC) has two assets: NMC Moland Mine in South Korea (a molybdenum producing mine with an increasing production profile and resource base) and Boss Mountain Mine in British Columbia, Canada (an exploration stage project targeting molybdenum and copper). 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 management's anticipation that the assessment on Boss Mountain Mine will serve as an internal baseline model to plan efficient exploration program and project development, NMC Resource's plans to first confirm historical resource at Boss Mountain Mine and then to drill further to expand the resource with a view to developing it into an open pit mine, that beyond non-NI 43-101 compliant historical resource, the vertical depth and the lateral extent of the mineralization at Boss Mountain Mine are open for exploration and NMC Moland Mine's resource expansion potential. 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.

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