NMC Inc. (fka NMCX)

[johncee]

LAS VEGAS, Jan 27, 2005 (BUSINESS WIRE) -- Michael Sheppard, chairman and CEO
of NMC, Inc., (Pink Sheets:NMCX), announced today the availability of the
Company's unaudited financial statements for the year ended December 31, 2003.
Chartered Accountants, Pannell Kerr Forster (PKF) prepared the financial
statements in compliance with generally accepted accounting principles of the
United States. PKF is a member of PKF International, a network of independent
firms of accountants and business advisors with 430 offices in over 100
countries.

Sheppard noted that the 2003 financial statements reflect the Company's
transition from development stage to a revenue-generating enterprise. This is
the result of NMC's having entered into an irrevocable contract on June 2, 2003
for the sale of 137,939 tons of precious metal concentrate (approximately 26% of
its Skull Valley tonnage) to a privately held company. The total contract price
is $500 million over 10 years. The concentrate was sold on-site, as-is, in the
pits. Sheppard said that the buyer's due diligence included independent assays
of the ore concentrates conducted under the control and direction of the buyer.
NMC received a first payment of $720,860 during 2003, included in these
financial statements provisionally as deferred income. The second payment and
the balance of the $ 11 million down payment will be paid as follows: $350,000
on or before March 31, 2005, then consecutive monthly payments of $500,000 until
the entire down payment is fully paid. The remaining $489 million will be paid
over a 10-year period from the date the second payment is received by the
Company.

Recently, the Company's accountants were provided with documentation relating to
the buyer's financial strength. The Company anticipates that as the buyer
progresses along the payment schedule, further indicating its ability to perform
under the terms of the agreement, payments will be treated as revenue on the
income statement, and the amount of the balance under the agreement may be
posted to the balance sheet as accounts receivable.

A major portion of the Company's assets include its mineral inventories in
Arizona; mining claims located in San Bernardino County, Calif.; and mining
claims near Mesquite, Nev. To date, NMC has conducted no significant mining
activity on either the California or Nevada properties, which must be
core-drilled to prove the reserves. NMC is currently negotiating toward the sale
of additional Skull Valley ore concentrates and intends to use a portion of the
cash flow from the sale of its Arizona concentrates toward development of its
other two properties.