Nuinsco Announces Sale of Surface Rights to Rowan Lake Mining Claims

TORONTO, July 12 /CNW/ - Nuinsco Resources Limited (NWI: TSX) announces
the closure of the sale of the surface rights to patented mining claims K2766,
K2767, K2768 and K4712 located in the Rowan Lake area, northwestern Ontario,
to 1659052 Ontario Inc. Nuinsco will retain the mineral rights for the
properties in addition to a cash payment of $250,000.
"The surface rights to these lands are not considered an important
exploration asset. The sale is one more step in Nuinsco's plan to develop an
intense focus on high potential projects that capitalize on current strong
metal prices for uranium, nickel, and copper," said Brian E. Robertson,
President of Nuinsco. Such projects include the company's Diabase Peninsula
uranium property, located in the Athabasca Basin in northern Saskatchewan, on
which the company is currently undertaking exploration work. Additionally,
Nuinsco will soon commence drilling on the Berta copper-gold porphyry
property, strategically located in the Pontide Mountains metallogenic belt in
northeastern Turkey.
The company is also advancing economic studies to evaluate the open pit
and underground mining potential of the Minago nickel deposit, located in the
Thompson nickel belt of Manitoba. A 1991 resource estimate for the Minago
deposit (not 43-101 compliant) was set at 11.7 million tons grading 1.19 %
nickel. A recent 43-101 report estimated a measured resource of 7.33 million
tons grading 0.70 % nickel and an indicated resource of 22.51 million tons
grading 0.62 5 nickel (totaling 29.84 million tons averaging 0.64% nickel). An
estimated inferred mineral resource was calculated to be a further 27.23
million tons grading 0.67 % nickel.

Nuinsco is an exploration and development company with nickel projects in
Manitoba, Ontario and Quebec, base metal projects in Ontario and Turkey and a
uranium project in Saskatchewan. Shares of Nuinsco trade on the Toronto Stock
Exchange under the symbol NWI. U.S.S.E.C. exemption: 12g3-2(b) No. 82-1846.
The website address is www.nuinsco.ca.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release -- including, without limitation, statements
regarding future plans and objectives of are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate; actual results and future events could
differ materially from those anticipated in such statements.

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