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Press release from Marketwire

NMC Resource (TSX VENTURE:NRC) Announces Private Placement and Management Focus for 2013

Monday, March 04, 2013

NMC Resource (TSX VENTURE:NRC) Announces Private Placement and Management Focus for 201309:00 EST Monday, March 04, 2013VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2013) -NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICESNMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce that it is raising, by way of non-brokered private placement (the "Private Placement") of up to 6,666,666 units (the "Units") at a price of $0.15 per Unit, for aggregate proceeds of up to $1,000,000. Each Unit will consist of one common share in the capital of NMC Resource and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of two years at an exercise price of $0.50 per common share. The proceeds of the Private Placement will be used for general working capital. The Private Placement is subject to TSX-V approval. If fully subscribed, there will be 34,233,333 common shares issued and outstanding on a post-Private Placement basis. Management Focus for 2013 NMC Resource has started the year 2013 with a sound strategy: to strengthen the bottomline of NMC Resource's operation and to make balanced investments to capitalize on opportunities. NMC Resource's track record includes fast-tracking the mine development, resource expansion (a good part of exploration program was funded by KORES), production ramp-up (capital expenditure was funded by a South Korean government agency) and optioning Boss Mountain as a brownfield project. NMC Resource intends to strengthen its bottomline by improving the production and by venturing into new businesses. Year 2012 was a tough one for NMC Resource due to the low molybdenum (moly) price; however, NMC Resource produced 738 tonnes of moly concentrates (7% increase from 2011) and kept the positive operating cash flow despite the challenging moly price. For 2013, NMC Resource aims to increase the production by 10% while managing the operating costs efficiently. Also for 2013, NMC Resource plans to develop moly lubricant and to explore commodity trading business for the existing clients. NMC Resource plans to make balanced investments (investing in new opportunities while managing risks) to create value. NMC Resource intends to implement work program at Boss Mountain this summer. In addition, management is working towards optioning new projects outside moly sector. About NMC Resource Corporation NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: NMC Moland Mine ("Moland") in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial production in April 2010 and a new technical report was filed in December 2011 with an updated resource. An active resource expansion drill program continues at Moland. Resource expansion drilling program requiring deep drill holes has been sponsored by KORES (Korea Resources Corporation, a state-owned mining company). Boss Mountain is a past molybdenum producer. NMC Resource is currently assessing historical data from 247 drill holes completed by the last mine operator Noranda Mines Ltd.On behalf of the board of NMC RESOURCE CORPORATION Do Hyung Kim; President, Chief Executive Officer and Director Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements that "if fully subscribed, there will be 34,233,333 common shares issued and outstanding on a post-Private Placement basis", "NMC Resource intends to strengthen its bottomline by improving the production and by venturing into new businesses", "for 2013, NMC Resource aims to increase the production by 10% while managing the operating costs efficiently", "also for 2013, NMC Resource plans to develop moly lubricant and to explore commodity trading business for the existing clients", "NMC Resource plans to make balanced investments (investing in new opportunities while managing risks) to create value", "NMC Resource intends to implement work program at Boss Mountain this summer", "management is working towards optioning new projects outside moly sector". Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward-Looking Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.FOR FURTHER INFORMATION PLEASE CONTACT: NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Contact Information: NMC Resource CorporationDo Hyung KimPresident, Chief Executive Officer and Director(604) 643-17301 (888) 723-7261 (FAX)www.nmcresource.com