NMC Resource Announces Receipt of Letter of Intent for Going Private Transaction

VANCOUVER, November 04, 2014 - NMC Resource Corp. ("NMC Resource" or the "Company") today announced that the Company has received a letter of intent (the "Letter of Intent") from Dong Won Corporation ("Dong Won") for a going private transaction. Under the Letter of Intent, Dong Won proposes to acquire all of the issued and outstanding common shares of the Company held by shareholders other than Dong Won and KTB 2007 Private Equity Fund ("KTB") at a price of $0.20 per outstanding common share. Dong Wong has proposed that the transaction would be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) which would require shareholder approval and the approval of the Supreme Court of British Columbia. 

Dong Won currently owns 15,419,656 common shares of the Company, representing approximately 56% of the current issued and outstanding common shares. Dong Won also holds 13,580,344 preferred shares representing approximately 74% of the current issued and outstanding preferred shares. KTB currently owns approximately 5,333,678 common shares of the Company, representing approximately 19% of the current issued and outstanding common shares. KTB also holds 4,666,322 preferred shares representing approximately 26% of the current issued and outstanding preferred shares.

The Board of Directors of the Company has established a special committee (the "Committee") and it is considering the Letter of Intent. The Committee will be obtaining an independent valuation of the Company and has also retained independent counsel.

Shareholders are cautioned that the Company has only received the Letter of Intent and that no decisions or recommendations have been made by the Committee or the board of directors of the company in response thereto. There can be no assurance that the transaction contemplated by the Letter of Intent will be proceeded with or recommended by the board of directors. 


About NMC Resource Corporation

NMC Resource Corp. (TSX VENTURE: NRC) is a mining company with two molybdenum assets: NMC Moland in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. NMC Moland started commercial production in April 2010 and has been in production with improved production profile every year. Boss Mountain is a past molybdenum producer. The Company has an option agreement on Boss Mountain with Glencore Canada Corporation to earn 100% interest by spending 3 million Canadian dollars. 


On behalf of the board of NMC Resource Corp.

Per: "Do Hyung Kim"
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. Specifically, this news release includes Forward-Looking Statements regarding that Dong Won proposes to acquire all of the issued and outstanding common shares of the Company held by shareholders other than Dong Won and KTB at a price of $0.20 per outstanding common share, that Dong Wong has proposed that the transaction would be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) which would require shareholder approval and the approval of the Supreme Court of British Columbia, that the Committee will be obtaining an independent valuation of the Company and has also retained independent counsel, that Shareholders are cautioned that the Company has only received the Letter of Intent and that no decisions or recommendations have been made by the Committee or the board of directors of the company in response thereto, and that there can be no assurance that the transaction contemplated by the Letter of Intent will be proceeded with or recommended by the board of directors. 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.



Contact

NMC Resource Corp.
Suite 1100 - 1111 Melville Street
Vancouver, BC Canada V6E 3V6
Tel: (604) 643-1730
Toll Free: (888) 617-5333
www.nmcresource.com