Nuinsco Resources Limited

Nuinsco Resources Limited

April 09, 2007 09:00 ET

Nuinsco Earns 100% of Elmalaan Copper-Zinc-Gold-Silver Project

Drilling continues to follow up on encouraging results, up to 10.1% zinc, from first drill hole

TORONTO, ONTARIO--(CCNMatthews - April 9, 2007) - Nuinsco Resources Limited ("Nuinsco" or the "Company") (TSX:NWI)( today announced that it has earned its 100% interest in the Elmalaan copper-zinc-gold-silver property in northeastern Turkey from Xstrata Copper.

"The exceptional grades and tremendous potential at Elmalaan, as well as the enormous scale of our Berta property and prospectivity of the country in general make Turkey an important part of our exploration strategy going forward," said Paul Jones, Vice-President, Exploration. "Having 100% of Elmalaan will allow us to aggressively explore the excellent potential of this property."

The exploration program that began in the third quarter of 2006 has included mapping, sampling, ground geophysics and diamond drilling. The Company recently reported extremely encouraging results from the first drill hole in the current exploration program, which intersected two zones of massive and semi-massive sulphide within an interval of sulphide mineralised and altered dacite volcanic rock (see news release of February 22, 2007). The upper interval returned 10.1% zinc, 1.12% lead, 0.28% copper, 50.2g/t silver and 0.731g/t gold over 1.0 metre between 149.6 metres and 150.6 metres. The second intersection, a 1.0 metre interval between 230.4 metres and 231.4 metres, returned 1.64% zinc, 1.88% copper, 25.2g/t silver and 4.57g/t gold. Seven of eight planned holes are completed, and full results from all holes will be released as they are received.

Elmalaan is an under-explored property with excellent infrastructure and is accessible year-round. Previous exploration has consisted of surface prospecting that discovered a massive sulphide occurrence at surface in outcrop grading up to 30.8% copper, 5.13 g/t gold and 226 g/t silver. Elsewhere on the property locally derived massive sulphide boulders were found that assay up to 32.0% copper, 56.3% zinc, 2.8 g/t gold and 181 g/t silver. The Company's 100% ownership is subject to a 50% back-in right exercisable by Xstrata Copper under certain terms and conditions up to five years after the date of completion by Nuinsco of its 100% earn-in.

Elmalaan is located in the 350 kilometre long Turkish Pontide metallic belt that is well endowed with VMS mineralisation. Important deposits in this belt include Cayeli, Murgul, Madenkoy and Cerrateppe, of which Cayeli and Murgul are in production. Cayeli hosts approximately 30 million tonnes of 12% combined copper-zinc and Murgul, a stockwork sulphide ore body, has reserves of about 80 million tonnes of 1.1% copper. Exploration at Elmalaan is being supervised by P.L. Jones, Vice-President Exploration for Nuinsco, who acts as a Qualified Person under National Instrument 43-101.

About Nuinsco Resources

Nuinsco is a growth-oriented, multi-commodity mineral exploration and development company that is focused on uranium, copper, zinc, uranium and gold exploration and development in world-class mineralized belts in Canada and Turkey. In addition to its property holdings, Nuinsco owns approximately 23% of the outstanding common shares of Victory Nickel Inc. (TSX:Ni) and approximately 11% of the outstanding common shares of gold and copper producer Campbell Resources Ltd. (TSX:CCH). Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements." All statements, other than statements of historical fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from government authorities, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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