Hudson Resources and Lenders Agree to Plan for Debt Restructuring and Capital Injection Into the White Mountain Anorthosite Mine in Greenland - Seite 2

Hudson and its Lenders are working collaboratively and are committed to completing a transaction in order to restructure Hudson Greenland's debt and provide working capital for the White Mountain mine; however, the agreement in principle does not contain a legal obligation on the part of either Hudson or the Lenders to consummate the debt restructuring transaction. There can be no assurance that the debt restructuring will be completed as described in this news release.  

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:
Ph: 604-628-5002

Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding the terms of the proposed debt restructuring, and other future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the outcome of ongoing discussions with the Lenders regarding the terms of the debt restructuring, shareholder approval for the proposed debt restructuring transaction, market prices, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  There is no assurance that the debt restructuring described in this news release will be completed. The Company expressly disclaims any intention or obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.