TORONTO - Nuinsco Resources Limited ('Nuinsco' or the 'Company') (CSE: NWI), announces two additional significant intersections of 122m and 111m respectively, of Critical Metals and phosphate mineralization from diamond drilling at its 100% owned Prairie Lake project near Terrace Bay, Ontario.

Additional sampling of diamond drill core from holes NP0801 and NP0802 has now produced continuous mineralized intersections of 122.7m (NP0801: 2.3-125m) and 111.2m (NP0802: 4.8-116m) of niobium (Nb), tantalum (Ta), phosphate (P2O5), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd) and yttrium (Y). Ten drill holes have been sampled to date.

'The Company is impressed with the results obtained from the infill sampling program. The expanded domains of continuous rare earth, niobium, tantalum and phosphate mineralization provide great scope for continuity and grade evaluation necessary to develop a resource,' said Paul Jones, Nuinsco's CEO. 'The value of the Prairie Lake project as an asset to the Company is emphasized by the REE neodymium alone; it is just one of several contained elements of interest and has increased in price from circa US$60/kg to circa $140/kg between 1 August 2020 and 1 August 2021 (source: kitco.com). The mineralization at Prairie Lake occurs at surface and extends to unknown depth below the deepest drilling conducted to date (circa 500m) - it represents a very significant domain of rock mineralized with a number of elements and compounds of economic interest including those defined as Critical Elements defined under the Canadian Minerals and Metals Plan ('CMMP') for which demand is projected to substantially increase and for which secure supply chains are sought.'

About Nuinsco Resources Limited

Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently the Company has four properties in Ontario - the high-grade Sunbeam gold property near Atikokan, the Dash Lake gold property near Terrace Bay, the large multi-commodity (rare-earths, niobium, tantalum, phosphate) Prairie Lake project near Terrace Bay, and the Zig Zag Lake property (lithium, tantalum) near Armstrong. In addition, Nuinsco has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt.

Forward-Looking Statements

This news release contains certain 'forward-looking statements.' All statements, other than statements of historic fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek,' 'anticipate,' 'believe,' 'plan,' 'estimate, 'expect,' and 'intend' and statements that an event or result 'may,' 'will,' 'can,' 'should,' 'could,' or 'might' occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and approvals, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Contact:

Paul Jones

Email: paul.jones@nuinsco.ca

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