Nuinsco Resources Discovers New Gold Target at Talat Gadalla in Egypt

Nuinsco Resources Limited (TSX:NWI) today announced that field work conducted in January 2011 has identified a four kilometre strike length at the Talat Gadalla gold occurrence located on the Company's Bukari Concession Area in Egypt's Eastern Desert.

"More than 30 areas of historical gold production, including adits and shafts, were discovered at Talat Gadalla by Nuinsco field personnel. These workings, many of which extend to greater than ten metres depth, indicate the potential quality of the gold endowment given the considerable effort expended during Phaoronic, Roman and possibly Byzantine times to mine the area," said Nuinsco President Paul Jones. "All of the work we have done to date demonstrates that the Bukari Concession Area is a highly-prospective exploration target with known gold endowment and a surface expression of the gold mineralized areas that is substantially greater than initially thought. In our three programs to date, over 11 kilometres of quartz-vein mineralized strike length has been examined on three gold occurrences; at least ten other gold occurrences are located on the Bukari Concession Area and have yet to be examined in any detail."

Talat Gadalla is located about 15 kilometres north of the previously reported Bukari 1 and Bukari North gold occurrences (see news release dated January 19, 2011). The andesite host rock to the Talat Gadalla veining forms a prominent ridge into which a series of wadis (dry stream beds) have been cut. Of particular significance is the number of high gold grain counts yielded by sediment samples obtained from the wadis draining the Talat Gadalla ridge. Although historical in nature these data, reported by the Egyptian Mineral Resources Authority (EMRA) in the 1980s, validate the prospective nature of the Talat Gadalla gold target: up to 62 gold grains were identified in one particular sample and a number of samples contained 10 or more gold grains (see attached map).

Nuinsco operates in Egypt through its subsidiary Z-Gold Resources Limited. The Bukari Concession Area is located about 50 kilometres northwest of Centamin Egypt Limited's ("Centamin") flagship multi-million ounce Sukari Gold Mine which is being expanded to increase production to about 500,000 oz per year over the next three years.

"All exploration work is supervised by Paul Jones, President, who acts as QP under National Instrument 43-101 and has reviewed and approved the contents of this news release."