Nuinsco Resources Ltd (NWI)

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Campbell Resources Inc. (CBLRF:US)

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Nuinsco and Ocean Partners Acquire Debt of Campbell Resources

TORONTO, ONTARIO, Jul. 21, 2010 (Marketwire) -- Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX:NWI) (www.nuinsco.ca) today announced that it, along with Ocean Partners Holdings Limited ("Ocean Partners"), through a Canadian subsidiary, has acquired the $24 million of debt of Campbell Resources Limited ("Campbell") that Nuinsco and Ocean Partners did not previously own. Nuinsco and Ocean Partners will make $4.05 million in staged payments over three years. As a result, the two companies now hold $40 million of debt, and have effectively gained control over one of Canada's major mining camps.

"It is unfortunate to have a company with such assets be victim to the effects of the financial markets, however Campbell's debt load made it impossible for them to recover in the recent financial environment. This transaction opens the door for Nuinsco and Ocean Partners to advance these assets and bring mining development and mineral exploration back to the Chibougamau area," said Rene Galipeau, Nuinsco's Vice-Chair and CEO. "The Chibougamau camp has produced more than 40 million tonnes of ore, 3 million ounces of gold and 1.5 billion pounds of copper over the years, and we believe there is much more to come from this region."

"Without the joint effort made by all the creditors, these assets would have been fragmented such that their value would have been eroded. Collectively, these assets provide the potential for significant success and we will move quickly to restructure them in a manner that allows their potential to be realized," said Siva Pillay of Ocean Partners.

About Nuinsco Resources

Nuinsco is a growth-oriented, multi-commodity mineral exploration and development company that is focused on uranium, copper, zinc and gold exploration in world-class mineralized belts in Canada, Turkey and Egypt. In addition to its property holdings, Nuinsco owns approximately 9% of the outstanding common shares of Gold Hawk Resources Inc. (TSX VENTURE:GHK) and approximately 2% of the outstanding common shares of Victory Nickel Inc. (TSX:NI). Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.

About Ocean Partners

Ocean Partners is a privately held company with offices in the UK, USA, Canada, China, Mongolia, South Africa, Turkey and Zambia with additional representation by agents in Istanbul, Lima, Madrid, Melbourne, Moscow, New Delhi, Santiago and Tokyo.

Ocean Partners provides relationship based trading services to miners and smelters of copper, lead and zinc concentrate as well as the secondary products of the base metal smelting industry (eg drosses, slags, reverts, residues). Ocean Partners also owns and operates copper, lead and zinc mines in Turkey as well as holding many exploration licenses there through its 50% shareholding in a local company.

Please visit the Company's website at www.nuinsco.ca. Should you wish to receive Company news via email, please email [e-mail] and specify "Nuinsco Resources" in the subject line.