







NMC Secures a Sales Contract for Its Molybdenum Products


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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2010) - NMC Resource Corporation (TSX VENTURE:NRC) (the "Company") is pleased to announce that the Company has entered into a sales agreement (the "Sales Agreement") with Kwangyang Ferroalloy Co., Ltd. ("KFA") for the sale of molybdenum concentrates produced from the Company's molybdenum mill (the "Moland Mine") at the Company's Moland molybdenum property (the "Property") in South Korea. The Sales Agreement is for a term of 6 months, subject to a further renewal. The short term of the Sales Agreement provides the Company with the flexibility to address any market changes in the demand for molybdenum. The Sales Agreement provides non-exclusivity as the Company intends to spot trade for the short term in addition to securing the sale of most of its molybdenum concentrates to KFA.
The Company is a new molybdenum producer holding 100% interest in three claims (822 hectares) located in Jecheon-si, South Korea.
The Company's parent company, Dong Won Corporation, is a company listed on the Korea Stock Exchange. Dong Won Corporation is a mining company in Korea in operation since April 1962 and has been involved with producing metal and energy resources in Korea, Argentina and Bolivia. The Company successfully developed and is operating producing Moland Mine with the support from Dong Won Corporation's engineering, capital and experience. The Moland Mine is the only producing mine in the region of Korea and Japan, two of the main end-users of molybdenum in the region. The Company intends to acquire more mine assets abroad in the future.
On behalf of the board of NMC RESOURCE CORPORATION
Yoo Sup Han, Director and President
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 regarding the expected spot trades and expected acquisition of more mine assets. 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.
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.