Here are the assets at Chibougamau...

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Chibougamau Assets

Nuinsco Resources Limited

Sean Stokes

VP Corporate Affairs

T: 416 626 0470

E: admin@nuinsco.ca

CHF Investor Relations

Cathy Hume

CEO

T: 416 868 1079 x 231

E: cathy@chfir.com

www.nuinsco.ca

Background

In early 2006, Nuinsco assisted in restructuring Campbell

Resources Limited (“Campbell”), a gold and copper

mining company with operations and exploration projects

in Quebec’s prolific Chibougamau Mining Camp.

The Chibougamau Mining Camp has produced more

than 40 million tonnes of ore, 3 million ounces of gold

and 1.5 billion pounds of copper.

During 2008, Campbell experienced significant financial

difficulties resulting from production delays and financing

issues, and in January 2009 Campbell announced that it

had entered CCAA protection.

In July 2010 Nuinsco, along with Ocean Partners Holding

Limited (Ocean Partners), both of which were secured

creditors of Campbell, acquired the $24 million debt of

Campbell they did not previously own. As a result, the

two companies hold $40 million of debt and have

effectively gained control over the Chibougamau Mining

Camp.

The Chibougamau Mining Camp includes 16 past

producing gold and copper mines. Key exploration and

development assets that form part of the Nuinsco/Ocean

Partners holdings include:

Corner Bay: 1.9 million tons grading 6.48% Cu;

near-surface, exploration potential at depth

Cedar Bay: produced 3.8 million tons grading

1.57% Cu and 0.091 oz/tonne Au; shaft down to

3,100 feet; exploration potential at depth

Copper Rand Mill: permitted 3,000+ tpd mill and

tailings facility

Chibougamau Land Package Exploration

Potential:

Factors that combine to shed new light on the

Chibougamau Mining Camp’s exploration potential

include:

An almost complete lack of exploration drilling by

the historic operators during the latter 20 years of

production;

Long-term projections for high copper and gold

prices;

New geological insights gained since the 1980s.

As a result there are now several excellent exploration

scenarios that present themselves to Nuinsco and Ocean

Partners.