Mr. Sean Stokes reports

NUINSCO ADOPTS ADVANCE NOTICE BYLAW

Nuinsco Resources Ltd.'s board of directors approved the adoption of an advance notice bylaw on May 22, 2013, which requires advance notice to the company in circumstances where nominations of persons for election as a director of the company are made by shareholders other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (Ontario); or (ii) a shareholder proposal made pursuant to the provisions of the act.

Among other things, the bylaw fixes a deadline by which shareholders must submit a notice of director nominations to the company prior to any annual or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for it to be valid.

In the case of an annual meeting of shareholders, notice to the company must be made not fewer than 30 nor more than 65 days prior to the date of the annual meeting, provided, however, that, in the event that the annual meeting is to be held on a date that is fewer than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The bylaw is effective immediately. At the next meeting of shareholders, shareholders will be asked to confirm and ratify the bylaw. A copy of the bylaw has been filed and is available under the company's profile at SEDAR.

The company believes that adopting the bylaw is considered to be good corporate governance. The bylaw facilitates an orderly and efficient annual or special meeting process, and it ensures that all shareholders receive adequate notice of director nominations with sufficient information with respect to all nominees. This allows the company and its shareholders to evaluate the proposed nominees' qualifications and suitability as directors, which further allows shareholders to cast an informed vote for the election of directors.

We seek Safe Harbor.