NMC Resource (TSX VENTURE:NRC) Announces Financial Results for the Year Ended December 31, 2013

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 audited condensed consolidated financial statements for the year
ended December 31, 2013.




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

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


(ii) 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.


(iii) 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NMC Resource Corporation
[phone]
Toll Free: [phone]
www.nmcresource.com