NMC Resource (TSX VENTURE:NRC) Announces Financial Results for the Three Months Ended March 31, 2014

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES 

NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource" or the "Company")
released its unaudited condensed consolidated financial statements for the first
quarter ended March 31, 2014.


(i) Selected Information (Expressed in Canadian Dollars unless otherwise stated)



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                                                   Q1 2014           Q1 2013
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Revenue                                          2,472,646         2,301,561
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Net Loss                                           550,582           368,753
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Weighted average number of common shares                                    
outstanding                              27,566,667 shares 27,566,667 shares
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EBITDA at Moland                                   434,586           413,848
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Adjusted EBITDA(i)                                 392,017           342,991
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Molybdenum sold                                248,113 lbs       223,267 lbs
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Realized molybdenum average price per                                       
pound                                             US$ 9.01         US$ 10.33
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Ore mined                                           78,020            58,480
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Produced molybdenum concentrate          213 T (237 wet T) 173 T (193 wet T)
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Mill head grade                                      0.29%             0.37%
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Recovery                                               90%               90%
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During the three months ended the first quarter, March 31, 2014, NMC Resource
improved production by 23% and sales by 7.4% year-on-year, with a 12.8% drop in
realized price of molybdenum (moly). The adjusted EBITDA increased by 14.3%. 


In April and May this year, moly price has rapidly risen to over 14 dollars(1)
due to the tight supply in the market. In consideration of an all-in cash
cost(ii) at US$7.35 per pound of moly sold in the first quarter of 2014, the
Company expects substantial increase of operating profits in 2014, if this price
trend continues.


For the development of lubricant-grade moly concentrate, NMC Resource purchased
major equipments such as attrition mill and jet mill pulverizer to set up a
pilot plant. 


On Boss Mountain, NMC Resource submitted Notice of Work to implement a
3,000-metre drill program in 2014 or 2015. 


Please visit www.nmcresource.com for more information.

(i) Adjusted EBITDA: Net earnings before interest, taxes, amortization,
share-based payment and impairment on a consolidated basis


(ii) All-in cash cost includes operating expenses, exploration expenses,
selling, general & administrative expenses, and sustaining capital expenditure
at Moland


1. This per-pound price is in the form of moly oxide (MoO3). NMC Resource
produces moly concentrate (MoS2), selling at a discount from the moly oxide
price. The average moly price of Q1, 2013 was US$9.98, and the realized price
for the Company was US$9.01. The discount rate is reduced as the price goes up.


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. Specifically, this MD&A includes
Forward-Looking Statements regarding that in consideration of an all-in cash
cost(ii) at US$7.35 per pound of moly sold in the first quarter of 2014, the
Company expects substantial increase of operating profits in 2014, if this price
trend continues. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NMC Resource Corporation
Do Hyung Kim
President, Chief Executive Officer and Director
[phone]
Toll Free: [phone]
www.nmcresource.com