NWI.CN · 2019-06-19 12:00:00

Nuinsco’s First Round of Infill Sampling at Prairie Lake Rare Metals Project Significantly Extends Mineralized Intersections

Drill Results

Nuinsco’s First Round of Infill Sampling at Prairie Lake Rare Metals Project Significantly

Extends Mineralized Intersections

Toronto, June 19, 2019 – Nuinsco Resources Limited (“Nuinsco” or “the Company”) (CSE: NWI) is pleased to

announce results for previously unsampled drill core from the 2 007 drilling program at its 100%‐

owned Prairie Lake project near Terrace Bay, Ontario. This addi tional sampling of holes NP0702 and NP0714

significantly extends the known niobium (Nb), tantalum (Ta), ph osphorous (P) intercepts in these holes and adds

assays for rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (S m), neodymium (Nd) and

yttrium (Y).

“The ongoing infill sampling of drill core from the 2007, 2008 and 2010 diamond drilling programs moves Nuinsco

a step closer to upgrading part of the current 515‐630 million tonne Exploration Target (“ET”) on the Prairie Lake

project to a mineral resource,” said Paul Jones, Nuinsco’s CEO.

A total of 21 samples were taken from two holes, NP0702 and NP0714. In hole NP0702, a 5.5m section was

sampled down to the bottom of the hole at 143m. In NP0714, a 50m long hole, two intervals totalling 31.75m

were sampled.

Hole

From

(m)

Width

(m)

Nb2O5

(%)

P2O5

(%)

(g/t)

∑REE

(g/t)

NP0702 137.5 143.0 5.5 0.0423 0.26 9.3 45 41 100 66 15 267

NP0714 4.1 8.45 4.35 0.139 3.75 6.4 92 361 812 377 62 1704

NP0714 10.95 31.5 27.4 0.164 3.25 11.5 88 407 931 443 65 1934

∑REE = Sum of Y, La, Ce, Nd, Sm; Y ‐ yttrium, La ‐ lanthanum, Ce ‐ cerium, Nd ‐ neodymium, Sm – samarium;

P2O5 ‐ phosphate, Nb2O5 – niobium oxide, Ta ‐ tantalum, 1g/t = 1 ppm

When combined with previously reported sampling (see press release dated January 7, 2008), the new results

extend the intersection i n hole NP0714 to 0.207 % Nb 2O5 and 5.26 % P 2O5 with 43 g/t Ta over 45.9m, between

4.1m and 50.0m, from the 17.45m length reported in 2008.

Previous diamond drilling on the Prairie Lake property (2007 to 2010) has returned assays up to:

 1.008 % Nb2O5 over 1.0m (NP0711; 97.5‐98.5m; carbonatite)

 23.08 % P2O5 over 0.44m (NP1005; 336.27‐336.71m; carbonatite)

 474 g/t Ta over 1.0m (NP0711; 23.75‐24.75m; ijolite)

 2380 g/t Nd, 1910 g/t La and 4160 g/t Ce over 1.06m (NP1007; 428.0‐429.06m; carbonatite)

 590 g/t Sm and 887 g/t Y over 1.38m (NP1006; 165.92‐167.3m; Carbonatite)

The Prairie Lake project consists of 46 mineral claims covering an area of ~630 ha. Logistically Prairie Lake is

superbly located, with ready access to power, road, rail and sh ipping infrastructure; it is easily accessed by an all‐

weather road from the TransCanada Highway 28 kilometres to the south. The mineralization identified is entirely

contained within the Prairie Lake carbonatite complex; the ET o f 515‐630 million tonnes is defined by 59 diamond

drill holes with grades as tabulated below:

Prairie Lake ET1:

1 The potential quantity and grade of the ET is conceptual in nature and there has been insufficient exploration to define a mineral

resource. It is uncertain if further exploration will result in the discovery of a mineral resource. There is no National Inst rument 43‐101 –

Standards of Disclosure for Mineral Projects preliminary economic assessment in respect of the Prairie Lake ET.

All exploration work at Prairie Lake is supervised by Laura Gir oux, P.Geo, Chief Geologist, who acts as Nuinsco's

Qualified Person under National Instrument 43‐101. Ms. Giroux h as reviewed and approved the technical

contents of this news release.

About Nuinsco Resources Limited

Nuinsco Resources has over 45 years of exploration success and is a growth oriented, multi‐commodity mineral

exploration and development company focused on prospective oppo rtunities in Canada and internationally.

Currently the Company has two properties in Ontario – the high‐ grade Sunbeam gold prospect near Atikokan and

the large, multi‐commodity (rare‐earths, niobium, tantalum, phosphorus) Prairie Lake project near Terrace Bay. In

addition, Nuinsco has completed an agreement for gold exploitat ion at the El Sid project in the Eastern Desert of

Egypt – a project with the potential to provide near‐term revenue.

Forward‐Looking Statements

This news release contains certain "forward‐looking statements." All statements, other than statements of historic fact, that address activities, events or

developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward‐looking statements. For ward‐looking statements are

often, but not always, identified by the use of words such as " seek," "anticipate," "believe," "plan," "estimate, “expect," an d "intend" and statements that an

event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward‐looking statements

reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward‐looking sta t e m e n t s a r e s u b j e c t t o a

number of risks and uncertainties that may cause the actual res ults of Nuinsco to differ materially from those discussed in th e forward‐looking statements,

and even if such actual results are realized or substantially r ealized, there can be no assurance that they will have the expe cted consequences to, or effects on

Nuinsco. Factors that could cause actual results or events to d iffer materially from current expectations include, among other things, failure to successfully

complete financings, capital and other costs varying significan tly from estimates, production ra tes varying from estimates, ch anges in world copper and/or

gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the futur e, equipment failure, unexpected

geological conditions, imprecision in resource estimates, succe ss of future development initiatives, competition, operating pe rformance of facilities,

environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and app rovals, and other development

and operating risks. Any forward‐looking statement speaks only as of the date on which it is made and, except as may be requir ed by applicable securities

laws, Nuinsco disclaims any intent or obligation to update any forward‐looking statement, whether as a result of new informati on, future events or results or

otherwise. Although Nuinsco believes that the assumptions inher ent in the forward‐looking statements are reasonable, forward‐l ooking statements are not

guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Main/SW Jim's Showing East NE Total

REEs

La (ppm) Lanthanum 275 ‐ 340 295 ‐ 360 305 ‐ 370 200 ‐ 250 280 ‐ 340

Ce (ppm) Cerium 650 ‐ 790 670 ‐ 820 670 ‐ 820 450 ‐ 550 650 ‐ 790

Sm (ppm) Samarium 55 ‐ 70 55 ‐ 70 55 ‐ 70 50 ‐ 60 55 ‐ 70

Nd (ppm) Neodymium 295 ‐ 360 290 ‐ 360 320 ‐ 390 235 ‐ 290 300 ‐ 360

Y (ppm) Yttrium 85 ‐ 100 90 ‐ 110 80 ‐ 100 135 ‐ 170 85 ‐ 100

La+Ce+Sm+Nd+Y (ppm) 1360 ‐ 1660 1400 ‐ 1720 1430 ‐ 1750 1070 ‐ 1320 1370 ‐ 1660

Additional Elements (as oxides)

P2O5 (%) Phosphate 3.0 ‐ 4.0 3.5 ‐ 4.5 2.5 ‐ 3.0 2.5 ‐ 3.5 3.0 ‐ 4.0

Nb2O5 (%) Niobium 0.095 ‐ 0.115 0.100 ‐ 0.120 0.040 ‐ 0.050 0.085 ‐ 0.105 0.090 ‐ 0.110

Ta2O5 (ppm) Tantalum 18 ‐ 25 25 ‐ 30 5 ‐ 7 10 ‐ 12 18 ‐ 21

Volume ‐ m3 (million) 140 ‐ 175 12 ‐ 14 13 ‐ 16 2 ‐ 3 170 ‐ 210

Tonnes (million) 435 ‐ 530 35 ‐ 45 40 ‐ 50 7 ‐ 8 515 ‐ 630

To learn more, please contact:

Paul Jones, CEO Sean Stokes, Executive VP Cathy Hume, Consultant www.nuinsco.ca

[email protected] [email protected] [email protected] Twitter:

@NWIResources 416 626‐0470 x 229 416 626‐0470 x 224 416 868‐1079 x 231

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