Mr. Sean Stokes reports

NUINSCO ARRANGES FLOW-THROUGH FINANCING FOR EXPLORATION IN QUEBEC

Nuinsco Resources Ltd. has negotiated, subject to Toronto Stock Exchange approval, a non-brokered private placement of up 7,143,000 flow-through units at a subscription price of 14 cents per unit for gross proceeds of up to $1-million.

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 18 months from closing.

The company has agreed to pay finders' fees equal to 6 per cent of subscription amounts found, plus issue finders' warrants in an amount equal to 6 per cent of units purchased, with each such finders' warrant to be exercisable into one common share of the company at a price of 14 cents for a period of 18 months from closing.

The proceeds of the financing will be used for exploration of properties in and near Chibougamau, Que. Nuinsco holds its Quebec properties in C-Bay Minerals Inc., which is jointly owned by Nuinsco and Ocean Partners Holdings Ltd. 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, where copper and gold production in the camp dates back to the early 1900s (see news release dated Feb. 15, 2012).

We seek Safe Harbor.