Mr. Paul Jones reports

NUINSCO EXPANDS HIGHER-GRADE NIOBIUM TARGET AREAS AT PRAIRIE LAKE CRITICAL MINERALS PROJECT

Nuinsco Resources Ltd. today released further results of a review of higher-grade niobium target areas at its Prairie Lake critical minerals and phosphate project located near Terrace Bay, Ont. With the incorporation of diamond drill hole data into the analysis, the known niobium-bearing domain has now been extended in inclined drill holes to a vertical depth of 175 metres.

• Niobium is a high-value component of the critical minerals endowment at Prairie Lake.
• 500 m long domain containing higher-grade niobium mineralization identified, currently tested extending to 175 m vertically with diamond drilling.
• Niobium mineralization remains open in all directions.
• Potentially significant byproduct/co-product to known Prairie Lake phosphate and rare-earth mineralization.
• Niobium demand is forecast to greatly expand in green technology applications.

Highlights from the drill data tabulated below include DDH NP0701 with 98 m (core length) of continuous niobium mineralization grading 0.243 per cent Nb2O5, and DDH P31 with 170.8 m (core length) grading 0.284 per cent Nb2O5. This very strongly anomalous niobium mineralization extending to depth is recognized as the extension of the widespread anomalous niobium identified at surface. At surface the anomalous niobium mineralization occurs in a 500 m long domain in the southwest part of the Prairie Lake complex, although strongly anomalous niobium mineralization is known to occur at numerous other sites on the project.

"The extension of this niobium-bearing domain to depth is just one indication of the potential to expand the scope of Prairie Lake over and above the phosphate -- rare-earth element dominated mineral resource estimate (MRE) completed last year," said Paul Jones, Nuinsco's chief executive officer. "We understand that the entire Prairie Lake complex is mineralized with elements and minerals of economic interest and that it remains vastly underexplored. We are aware of strong niobium mineralization occurring elsewhere on the project, and the very prospective grades and intervals identified from drilling identifies the potential to expand the importance of niobium at Prairie Lake. The significance of niobium in the developing greener economy makes it a very valuable addition the project's potential."

Niobium is found throughout the Prairie Lake intrusion where it occurs primarily in the mineral pyrochlore-betafite, and forms part of the MRE, along with phosphate and rare-earth element mineralization. Niobium is used in myriad applications, but dominantly as an alloying agent in steel production where its use imparts strength, resulting in reduced weight; for instance, small quantities of niobium added to steel used in automobile production significantly reduces vehicle weight, thereby improving efficiency and leading directly to the very positive outcome of lower global greenhouse gas emissions. Niobium is identified as a critical mineral under the Canadian minerals and metals plan and Canadian critical minerals strategy.

In addition to the significant known mineral resource, Prairie Lake is well 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 work force.
• 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 (230-kilovolt) electrical power transmission line.
• 50 km from the Marathon deepwater port project. Deepwater ports are also located at Thunder Bay and Sault Ste. Marie. All able to handle ocean-going ships.
• The Marathon airport.

Laura Giroux, PGeo, 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 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 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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