Mr. Paul Jones reports

NUINSCO DRILLING CONTINUES TO INTERSECT URANIUM AT DIABASE PENINSULA PROJECT

Nuinsco Resources Ltd.'s recent drill results grading up to 71 parts per million uranium are continuing to indicate the potential for high-grade uranium mineralization at its Diabase Peninsula project in Saskatchewan's Athabasca basin.

"Uranium values exceeding one ppm are accepted as being significant, with values exceeding 10 ppm suggesting the presence of an alteration zone and the distinct possibility of a lens of high-grade mineralization in the immediate vicinity," said Nuinsco president Paul Jones. "Drilling has encountered such significant uranium grades at numerous sites on the property, including our November-December, 2010, program where uranium values peaked at 71 ppm."

The November-December drilling tested coincident TEM and gravity geophysical targets near to holes from a 2007-2008 drilling program which encountered highly anomalous uranium values of up to 707 ppm U (0.083 per cent triuranium octoxide) located at or near the contact between the sandstone layer and graphite-bearing basement rocks (the unconformity) -- the prime site for the occurrence of uranium deposits in the Athabasca basin.

All holes in the five-hole, 2,321-metre program returned uranium values as follows:

• ND10-01 encountered 14.69 metres of 25.29 ppm U from 378 to 392.69 m, including 71 ppm U over 2.61 m immediately at the unconformity;
• ND10-02 averaged 4.26 m grading 10.8 ppm U below the unconformity;
• ND10-03 cut 18 m of 18.06 ppm U straddling the unconformity from 379.5 to 397.5 m;
• ND10-04 drilled from the same set-up as ND10-03 encountered 19.25 m of 11.99 ppm U at the unconformity. The final sample of the interval graded 24.8 ppm U;
• ND10-05 intersected 1.5 m grading 14.9 ppm U below the unconformity.

"These results continue to enhance our understanding of the geology at Diabase and are sufficiently encouraging that we have begun another round of drilling," Mr. Jones added. "This 2,000-metre program will again concentrate on the core of the property where numerous factors point to the possibility of a nearby uranium deposit."

Analytical facilities of the Saskatchewan Research Council in Saskatoon performed the analyses in connection with the drill program. Results reported for Nuinsco's quality assurance/quality control blank and certified reference material standard samples, along with values determined for internal laboratory standards and duplicate analyses, allow for a very high degree of confidence in the accuracy of the results reported for the program.

Exploration work on the 21,900-hectare Diabase Peninsula project, located approximately five kilometres north of the southern boundary of the Athabasca basin, has included 33 widely spaced drill holes totalling 13,526 metres, airborne and ground geophysical surveys, geochemical surveys, and mapping. Nuinsco is the operator, currently owns an approximate 89-per-cent interest in the property and is partnered with Trend Mining Company of Hilton Head, S.C. C.A. Wagg, manager, Canadian exploration for Nuinsco, who acts as a qualified person for the project under National Instrument 43-101, has reviewed the technical contents of this press release.

Nuinsco warrants: expiry pending

As a reminder to shareholders, Nuinsco closed a rights offering of units in April, 2009. As part of each unit, participating shareholders received warrants. Each warrant entitles the holder to purchase one common share of the company at a price of 10 cents and must be exercised prior to 4 p.m. (Toronto time) on April 23, 2011.

We seek Safe Harbor.