NMC Resource (TSX VENTURE:NRC) Reports Third Quarter 2012 Results and AGM Results

NMC Resource Corporation (TSX VENTURE:NRC) -  

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

NMC Resource Corporation ("NMC Resource") released its unaudited condensed
consolidated interim financial statements for the nine months ended September
30, 2012, and its AGM results. 


Results for the Nine Months Ended September 30, 2012



--  Recorded $7,315,421 in sales revenue 
--  Recorded $1,923,637 in EBITDA(1) at NMC Moland Mine ("Moland") and
    $1,432,243 in adjusted EBITDA(2) 
--  Increased the mill capacity to 1,300 tonnes per day ("tpd") at Moland



NMC Resource recorded $7,315,421 in sales revenue for the nine months ended
September 30, 2012, compared to $9,225,940 recorded for the corresponding period
in 2011. The decrease is mainly due to lower molybdenum ("moly") market price.
During the period, the average moly market price was US$13.31 compared to
US$16.19 for the corresponding period in 2011. 


During the third quarter of 2012, NMC Resource successfully increased its mill
capacity at Moland to 1,300 tpd by installing an additional cone crusher and
screen in the underground crushing chamber, with sponsorship from a South Korean
government agency. Due to the halted production while installing the new
crushing system and conducting the system testing, the Q3 moly concentrate
production decreased to 190 tonnes from 199 tonnes recorded for Q2. The Q3 cash
cost per pound of moly sold(3) was US$8.94. 




                                  2011                                      
                             Quarterly        2012         2012        2012 
                               Average          Q1           Q2          Q3 
----------------------------------------------------------------------------
Ore milled (T)                  66,386      62,403       83,210      69,217 
Mill head grade (% MoS2)          0.29        0.31         0.26        0.30 
Recovery (%)                        89          88           88          89 
Molybdenum concentrate                                                      
 produced (DMT MoS2)             172.5         172          199         190 
Daily throughput (T)               876         832        1,109       1,003 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                               Three months ended       Nine months ended   
                           -------------------------------------------------
                             September   September    September   September 
                                   30,         30,          30,         30, 
                                  2012        2011         2012        2011 
----------------------------------------------------------------------------
Revenue                     $2,220,042  $2,759,070  $ 7,315,421  $9,225,940 
Earnings from mine                                                          
 operations                   (285,205)     79,484      (72,374)    776,572 
EBITDA(2) at Moland            392,886     678,791    1,923,637   3,286,216 
Net income (loss) for the                                                   
 period                       (521,419)   (466,721)  (1,283,634)   (230,338)
----------------------------------------------------------------------------
Mined/Produced Ore (tonnes)                                                 
                                69,217      64,817      214,830     196,131 
Mill Head Grade (% MoS2)          0.30        0.31         0.29        0.29 
Recovery (%)                        89          89           89          89 
Molybdenum concentrate                                                      
 produced (dmt MoS2)               190         182          561         514 
Average Daily Throughput                                                    
 (tonnes)                        1,003         876          981         876 
----------------------------------------------------------------------------
Molybdenum sold (lbs Mo)       208,187     206,857      606,347     624,827 
----------------------------------------------------------------------------
----------------------------------------------------------------------------



For further detail, please see copies of the unaudited condensed consolidated
interim financial statements and related notes thereto for the three and nine
months ended September 30, 2012, and the corresponding MD&A available on SEDAR
at www.sedar.com.




(1) EBITDA: Net earnings before interest, taxes, depreciation and           
    amortization                                                            
(2) Adjusted EBITDA: Net earnings before interest, taxes, depreciation,     
    amortization and share-based payment                                    
(3) Cash cost per pound of molybdenum sold: operating expenses in USD       
    divided by the amount of molybdenum sold                                



AGM Results

NMC Resource is pleased to announce the results of its annual general meeting of
shareholders held on November 9, 2012 in Vancouver, British Columbia, which was
attended, in person and by proxy, by shareholders holding 21,128,533 common
shares of the Company, or approximately 76,65% of the shares entitled to vote at
the annual general meeting.


Shareholders re-elected incumbent directors, James Currie, Bruce Durham, Do
Hyung Kim, Sang Joon Lee and Yoo Sup Han to the board of directors of the
Company.


About NMC Resource Corporation 

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

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]
1 [phone] (FAX)
www.nmcresource.com


KIN Communications Inc.
Investor Relations Contact
1 [phone]
[e-mail]
www.kincommunications.com