Mr. Rene Galipeau reports

NUINSCO RESOURCES LIMITED COMPLETES FLOW-THROUGH FINANCING

Nuinsco Resources Ltd., further to its news release dated Aug. 4, 2011, has completed the balance of its non-brokered private placement financing by issuing 2,608,635 flow-through units at a subscription price of 15 cents per unit. The company has issued a total of 10 million units, raising total gross proceeds of approximately $1.5-million.

The three tranches comprising the offering occurred on July 29, 2011, Aug. 3, 2011, and Aug. 30, 2011.

Each 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 of the company 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 in the earlier tranches, representing approximately 4.19 per cent of the total offering.