Mr. Paul Jones reports

NUINSCO INVESTIGATES HIGH-GRADE NIOBIUM TARGET AREAS AT PRAIRIE LAKE CRITICAL MINERALS PROJECT

Nuinsco Resources Ltd. has released initial results of a review of high-grade niobium target areas at its Prairie Lake critical minerals and phosphate project located near Terrace Bay, Ont. Niobium is viewed as a potential by-product or co-product to the phosphate and rare earth element mineralization occurring at the Project. The principal application of niobium is as an additive, in small quantities, to steel where it imparts strength resulting in reduced weight; significantly in the case of automobiles this leads to reduced carbon emissions.

The current review is examining the large analytical inventory available to the Company from its historic and current exploration and evaluation activities. Work programs commissioned by the Company have produced a database containing 7,437 geochemical analyses from trenches and diamond drill holes, comprising a total of 10.5 kilometres of sampling in the richly endowed rocks of the Project. In total 9.5% of the samples from drill holes and trenches have assayed greater than 0.25% Nb 2 O 5 , with analyses peaking at 1.013% Nb 2 O 5 . Niobium grades of 0.25% are distinctly anomalous and point to the potential to define domains of elevated grade within the Project. At present the bulk of the anomalous analyses are concentrated in the southwest part of the Prairie Lake Complex in a domain more than 500m in length and tens of metres wide, but higher-grade niobium occurs elsewhere as well. The lack of sampling over large areas of the Complex provides ample opportunity for additional success in identifying niobium mineralization in addition to the Project's extraordinary phosphate and rare earth element endowment.

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Niobium has a wealth of industrial uses with few or no substitutes; demand is anticipated to increase significantly in the coming years. About 90% of niobium is used to meet demand for steel making where it increases strength and reduces weight in such applications as structural steel in buildings, oil and gas pipelines, automobile manufacture, ships hulls, and railway tracks. Since less steel is needed to achieve the same result in an application carbon emissions and environmental impact are significantly reduced. It is also used as a superalloy additive providing heat and corrosion resistance in jet engines, in superconducting magnets in medical imaging machines and magnetic levitation transport, and as capacitors in electrical circuits. Niobium is identified as a Critical Mineral under the Canadian Minerals and Metals Plan and Canadian Critical Minerals Strategy.

Niobium is found throughout the Prairie Lake intrusion where it occurs primarily in the mineral pyrochlore-betafite. The presence of the higher-grade niobium bearing domain within the recently released very large mineral resource estimate (" MRE ") envelope (see below) of phosphate - rare earth element mineralization on the Project is an additional indication of the significance of the Project and the mineral and economic potential contained within it.

Prairie Lake contains a very large , well-located resource of critical minerals in North America. It is a potential source of elements needed for applications in transportation, power distribution, green technologies and a host of other applications, including agriculture. It is of immense value to secure critical minerals supply chain; a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of:

The larger towns of Marathon, Terrace Bay as well as other nearby communities - all able to supply a local, skilled workforce.

All-weather forest access road crossing the project.

Paved Highways 17 and 11 to the south and north of the project.

Canadian Pacific Railway and Canadian National Railway networks.

High capacity (230kV) electrical power transmission line.

50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste. Marie. All able to handle ocean going ships.

The Marathon airport.

Laura Giroux, P.Geo, Chief Geologist, acts as Nuinsco's Qualified Person under National Instrument 43-101. Ms. Giroux has reviewed and approved the technical contents of this news release.

About Nuinsco Resources Limited

Nuinsco Resources has over 50 years of exploration suc cess and is a growth-oriented, multi-commodity mineral explora tion and development company focused on prospective oppor tunities 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 multi-commodity (phosphate, rare earth element, niobi um, tantalum) Prairie Lake project near Marathon-Terrace Bay, and the Zig Zag Lake property (lithium, tantalum) near Armstrong also optioned to First Class Metals PLC. In addition, Nuinsco has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt.

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