NMC Resource Announces Financial Results for the Year Ended December 31, 2013

VANCOUVER, April 22, 2014 - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource" or the "Company") released its audited condensed consolidated financial statements for the year ended December 31, 2013.

*Selected Annual Information (Expressed in Canadian Dollars unless otherwise stated)

                                                            2013                2012
Revenue                                                9,089,553           9,593,043
Net Loss                                               6,990,260           2,225,949
Weighted average number of common 
      shares outstanding                       27,566,667 shares   27,544,809 shares
Major Non Cash Expenses                                8,215,797           3,155,013
  Depreciation & Amortization                          3,377,189           2,844,330
  Impairment loss                                      2,441,745                   0
  Loss on write down of inventory                        181,291             245,639
  Income Tax Expenses (Deferred Tax Reduction)         2,215,572              65,044
Adjusted EBITDA*                                       1,562,337           1,457,515
Change in cash during the year                           525,752            -793,970
  Net cash provided by operating activities            2,058,320             751,712
  Net cash used in investing activities                 -797,168            -831,578
  Net cash used in financing activities                 -735,400            -714,104
Molybdenum sold                                      943,630 lbs         830,266 lbs
Realized molybdenum average price per pound             US$ 9.36           US$ 11.57
Ore mined                                                303,590             285,419
Mill head grade                                            0.28%               0.29%
Recov                                                        92%                 89%

Depressed molybdenum ("moly") market prices and uncertain capital market for the mining industry continue. The average moly market price was US$10.32 per pound in 2013. This price was 19% lower compared to 2012 (US$12.74). Despite this price drop, NMC Resource's revenue ($9,089,553) decreased by only 5% from 2012 because the Company sold more pounds of moly. 943,630 lbs of moly were sold in 2013, a 14% rise from 2012 (830,266 lbs Mo).

NMC Resource achieved the goal of improving production profile while reducing operating costs. 813 tonnes (904 wet tonnes) of moly concentrates were produced in 2013, a 10% improvement from 2012 while maintaining mine operating expenses almost at the same level (0.6% reduction). The Company's diligence on cost-cutting on non-strategic expenses improved the net cash provided by operating activities by 175% to 7.5 cents per common share compared to 2.7 cents in 2012. Total mine operating costs (based on the currency of Korean won) including investing activities at NMC Moland Mine ("Moland") reduced by 9.3% from 2012 (KRW8,828,139,233) to 2013 (KRW8,006,334,715), and by 6.3% from 2011 (KRW9,425,395,221) to 2012. Despite these achievements, due to non-cash expenses such as depreciation and amortization ($3,377,189), impairment of mining assets ($2,441,745)**, and income tax expenses ($2,215,572: deferred tax reduction)***, the net loss for 2013 was widened to $6,990,260, $0.25 per common share.

With the expectation of increasing profit margin, NMC Resource made progress in 2013 on developing lubricant-grade moly concentrates. The Company was awarded a shared research grant in the amount of KRW1,350,000,000 (approximately $1,406,500 at the FX rate of April 3rd, 2014) to be allocated over a three-year period. This grant was given to the Company and the Korea Institute of Geoscience from the Korea Institute of Energy Technology Evaluation & Planning to develop lubricant grade moly concentrates at Moland.

On Boss Mountain, NMC Resource will work to make prudent allocations of capital. The Company compiled old data of Boss Mountain (mostly from Noranda Mines Ltd.), and built a block model internally. Also, KORES, a state-owned mining company of South Korea implemented a project assessment of Boss Mountain for future collaborative work. The Company intends to implement a 3,000-metre drill program in 2014 or 2015.

NMC Resource will consider strategic opportunities to improve shareholder value.

Please visit www.nmcresource.com for more information.

* Adjusted EBITDA: Net earnings before interest, taxes, amortization, share-based payment and impairment loss

** This write down is required under International Financial Reporting Standards ("IFRS") when the recoverability of the book value of an asset is in question. The falling price of molybdenum has made it uncertain that all of the mine assets will be recovered. However, once the price of molybdenum rises, and the future price justifies the carrying value of the mine assets, the impairment charge for 2013 can be reversed.

*** As stated above, the price of molybdenum decreased substantially in 2013. Under IFRS and as a result of the lower mineral price, the value of the income tax losses carried forward is also in question. As a result, the loss carryforwards, which had reported as an asset in prior years, have been written off in the current year. However, if the price of molybdenum rises to historical levels, then the value of the income tax losses realized in previous years can again be recognized as an asset. The write-off of the value of the loss carryforwards in the year only affected the company's deferred income tax assets, the write-off had no effect on the company's current taxes payable or the amount of tax losses available to be carried forward to future years.


About NMC Resource Corporation

NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: 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. A 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



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.

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. 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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CONTACT

NMC Resource Corporation
(604) 643-1730
Toll Free: (888) 617-5333
www.nmcresource.com