NRC Nations Royalty Corporation

NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") released its audited
consolidated financial statements for the year ended December 31, 2011. 


Highlights for the year ended December 31, 2011 are as follows:



--  Sold 833,643 pounds of molybdenum 
    
--  Recorded $11.9 million in sales revenue 
    
--  Earned $0.04 per share(i) and recorded $0.14 per share in operating cash
    flow 
    
--  Recorded $4 million in EBITDA at NMC Moland Mine ("Moland Mine") 



NMC Resource recorded $11.9 million in sales revenue and $1,029,371 as net
income for the year ended December 31, 2011. During the same period, NMC
Resource earned $0.04 per share and recorded $0.14 per share in operating cash
flow. The adjusted EBITDA(ii) of NMC Resource was $3.4 million and the EBITDA of
Moland Mine reached $4 million. Earnings from mine operations was recorded at
$751,423. 


From April 1st 2012, NMC Resource has increased its daily throughput by 20%
compared to 2011 levels and plans to implement a further 15% increase by the end
of this year. A 3,000-metre diamond drilling program is planned for infill
drilling and testing westward, northward and downward extension of the deposit.
Moland Mine is an environmentally friendly mine with an underground crushing
chamber, 100% water recycling, and tailings elimination. It is located only 32km
away from PyeongChang where the 2018 Winter Olympics will be held. 


NMC Resource also has plans for a drilling program at Boss Mountain Mine to
confirm its historical resource and then to complete additional drilling to
expand the resource with a view to developing it into an open pit mine. 


Please visit http://www.nmcresource.com for more information. 

Currencies are expressed in Canadian dollars. 

(i) Weighted average number of common shares outstanding: 26,555,640 shares 

(ii) Adjusted EBITDA: Net earnings before interest, taxes, amortization and
share-based payment


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). As a sole producer of high grade molybdenum in South Korea, NMC
Resource is also examining a number of marketing and production strategies to
further enhance the mine's economics. Boss Mountain is a past molybdenum
producer. NMC Resource is currently assessing historic resource 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 NMC Resource plans to implement further
15% increase in daily throughput by the end of this year, that a 3,000-metre
diamond drilling program is planned at Moland Mine for infill drilling and
testing westward, northward and downward extension of the deposit, that NMC
Resource plans for a drilling program at Boss Mountain Mine to confirm its
historical resource and then to complete additional drilling to expand the
resource with a view to developing it into an open pit mine. 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.

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