Mr. Paul Jones reports

NUINSCO ANNOUNCES AND CLOSES PRIVATE PLACEMENT

Effective Aug. 31, Nuinsco Resources Ltd. has closed a non-brokered private placement offering in two tranches, issuing 17,887,500 units at a subscription price of 0.64 cent per unit for aggregate proceeds of $114,480.

Each unit consisted of one common share of the company and one-half of one warrant. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of five cents per share for a period of 36 months from the issue date. Proceeds from the offering will be used to advance the company's Prairie Lake critical metals project located near Terrace Bay, Ont.

About Nuinsco Resources Ltd.

Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multicommodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently the company has three properties in Ontario -- the high-grade Sunbeam gold property near Atikokan currently optioned to First Class Metals PLC, the large multicommodity (phosphate, rare earth element, niobium, tantalum) Prairie Lake project near Marathon-Terrace Bay and the Zig Zag Lake property (lithium, tantalum) near Armstrong also optioned to First Class Metals. In addition, Nuinsco has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt.

We seek Safe Harbor.