Mr. Sean Stokes reports

NUINSCO COMPLETES TWO TRANCHES OF FLOW-THROUGH FINANCING

Nuinsco Resources Ltd. has closed two tranches of a non-brokered private placement financing of 7,391,365 flow-through units at a subscription price of 15 cents per flow-through unit. The company raised gross proceeds of $1,108,704.75. The two tranches occurred on July 29, 2011, and on Aug. 3, 2011.

Each flow-through unit consists of one common share of the company and one-half of one warrant, each issued on a flow-through basis pursuant to the Income Tax Act (Canada). Each warrant entitles the holder thereof to purchase one (non-flow-through) common share at an exercise price of 20 cents per share for a period of 24 months.

Insiders of the company purchased a total of 419,999 units, representing approximately 5.7 per cent of the private placement.

In connection with the private placement, the company has paid a total cash finder fee of $43,374.75 and issued a total of 289,165 finder warrants. Each finder warrant entitles the holder thereof to acquire one common share of the company at an exercise price of 15 cents for a period of 24 months.

We seek Safe Harbor.