Mr. Rene Galipeau reports

NUINSCO/OCEAN PARTNERS APPOINT ROLAND HORST AS CEO OF C-BAY MINERALS

Nuinsco Resources Ltd. and Ocean Partners Holdings Limited have appointed Roland Horst as the chief executive officer of C-Bay Minerals Inc. C-Bay, 50 per cent owned by each of Nuinsco and Ocean Partners, was created to advance the exploration, mining and processing assets located in and near Chibougamau, Que., that were jointly acquired late last year.

Mr. Horst has over 35 years of mining industry experience as a chief executive officer, investment banker, corporate banker and geologist, including close to 15 years as a CEO of both public and private companies involved in mining, development and exploration in North and South America, Indonesia, and Europe.

The C-Bay assets incorporate eight past-producing mines representing 75 per cent of total copper and gold production from the Lac Dore complex in Northern Quebec. The Lac Dore complex has produced 47.6 million tons of ore containing 1.6 billion pounds of copper and 3.2 million ounces of gold. In addition, the C-Bay assets include several development-stage properties, including the partially developed high-grade Corner Bay copper deposit, an operational 3,000-ton-per-day mill and permitted tailings facility, and numerous exploration properties throughout the Chibougamau mining camp.

"The C-Bay assets are a unique mix of exploration, development and production projects that require a similarly unique skill set to realize their value," said Rene Galipeau, Nuinsco's vice-chairman and CEO. "With a career that encompasses exploration, development, production, M&A, and project finance, Roland is the ideal person to structure and finance these mining and exploration projects within a new public company and take them forward to benefit all stakeholders."

Mr. Horst holds an MBA from the Richard lvey School of Business Administration, University of Western Ontario; a bachelor of law (LLB) from the University of Western Ontario; an MSc in geology from Laurentian University; and a BSc in geology from McGill University. He will be based in Toronto.

About C-Bay Minerals

Jointly owned by Nuinsco and Ocean Partners, C-Bay's land position covers 96,000 acres, giving it a dominant position in Quebec's Chibougamau mining camp. Chibougamau is located about 500 kilometres north of Montreal, and copper and gold production in the camp dates back to the early 1900s. The table summarizes the past-producing Lac Dore complex mines situated on C-Bay's property package.

                      Production  Production   Cu grade  Au grade   Historic
Mine                     periods       (tons)        (%)  (oz/ton)  resource

Portage mine             1959-97   6,212,934       1.77     0.114        Yes
Henderson 2 mine         1960-88   6,483,479        1.6     0.041        Yes
Henderson 1 mine         1960-71   1,818,976       2.23     0.045        Yes
Jaculet mine             1960-71   1,202,119       1.93     0.055        Yes
Copper Rand mine       1960-2008  16,445,493        1.8     0.089        Yes
Mine: Shaft 3              1960s     245,000       2.15         -        Yes
Copper Cliff mine        1970-74     951,830        1.6     0.028        Yes
Cedar Bay mine           1958-90   3,782,850       1.57     0.091        Yes

Corner Bay

The Corner Bay copper deposit is located outside of the Lac Dore complex, approximately 20 kilometres from C-Bay's Copper Rand mill.

Development of the high-grade Corner Bay deposit began in 2007 for extraction of a 50,000-tonne bulk sample. Development ceased in 2008 due to the previous operator's deteriorating financial situation as a result of the worldwide financial crisis. A National Instrument 43-101-compliant estimate of resources at Corner Bay, dated July 12, 2006, is available under the Campbell Resources Inc. profile at SEDAR.

The Corner Bay deposit remains open to depth and is a priority near-term target. In addition to the exploration upside, Corner Bay represents a source of mill feed for any future Chibougamau camp mining plan and also has the potential to be a stand-alone mining operation.

About Ocean Partners

Ocean Partners is a privately held company with offices in the United Kingdom, United States, Canada, China, Mongolia, South Africa, Turkey and Zambia with additional representation by agents in Istanbul, Lima, Madrid, Melbourne, Moscow, New Delhi, Santiago and Tokyo. Ocean Partners provides relationship-based trading services to miners and smelters of copper, lead and zinc concentrate as well as the secondary products of the base metal smelting industry (drosses, slags, reverts, residues). Ocean Partners also owns and operates copper, lead and zinc mines in Turkey as well as holding many exploration licences there through its 50-per-cent shareholding in a local company.

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