TORONTO, ONTARIO -- (Marketwire) -- 09/27/12 -- Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX:NWI) today announced that it has closed the previously-announced sale of its 3% net smelter return royalty (the "Royalty") on Coventry Resources Limited's ("Coventry") Cameron Gold Project located southeast of Kenora in northwestern Ontario for cash proceeds of US$5.1 million.

"We are very pleased to have completed the sale of this royalty which shores up the Company's treasury at a time when equity markets are not receptive to exploration company financings," said Rene Galipeau, Nuinsco's Vice-Chairman and CEO. "This transaction reflects management's commitment to providing the necessary financial resources to grow the Company and shareholder value while at the same time minimizing share dilution."

About Nuinsco Resources Limited

Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally. In addition to its property holdings in Ontario, Saskatchewan and Turkey, Nuinsco owns common shares in Coventry Resources Limited (ASX:CVY) and Victory Nickel Inc. (TSX:NI), and a 50% interest in CBay Minerals Inc., a private company that is a dominant player in Quebec's Chibougamau mining camp with assets including a permitted mill and tailings facility, eight past producing copper/gold mines and a 96,000 acre land position. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.

Please visit the Company's website at www.nuinsco.ca. Should you wish to receive Company news via email, please email juliet@chfir.com and specify "Nuinsco Resources" in the subject line.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements", including statements respecting the anticipated growth of the Company and shareholder value, and the anticipated minimization of share dilution. 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. 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.

Contacts:
Nuinsco Resources Limited
Rene Galipeau or Sean Stokes
416.626.0470
416.626.0890 (FAX)
admin@nuinsco.ca
www.nuinsco.ca

CHF Investor Relations
Juliet Heading
416.868.1079 X239
416.868.6198 (FAX)
juliet@chfir.com

Source: Marketwire (September 27, 2012 - 4:09 PM EDT)