HUDRF AnorTech Inc (PK)

HUDSON RESOURCES INC.
(the “Company”) – (TSX Venture Exchange “HUD”; OTCQX “HUDRF”) is pleased to
announce the first NI 43-101
compliant mineral resource estimate for its 100% owned White Mountain
anorthosite (calcium feldspar) project in Greenland. This resource estimate outlines
an indicated resource of 27.4M tonnes together with an inferred resource of 32.7
M tonnes.  The resource parameters and
2.50% sodium (Na₂O) cut off are based
on the feedstock requirements needed for the E-Glass (fiberglass) industry.
E-Glass is a high value product that is high in aluminum, silica and calcium and
requires low sodium and iron and no other impurities. The resource remains open
in all directions.

 

Table 1.  Mineral Resource Estimate

 

Class	Na2O Cut Off1	Tonnes (000’s)	SiO2	Al2O3	Fe2O3	CaO	MgO	Na2O	K2O
Indicated	2.50%	27,384	49.2%	30.0%	1.26%	14.95%	0.55%	2.35%	0.29%
Inferred	2.50%	32,724	49.4%	30.1%	1.22%	15.01%	0.52%	2.34%	0.26%
Indicated	3.00%	35,707	49.6%	29.8%	1.25%	14.72%	0.53%	2.41%	0.31%
Inferred	3.00%	42,034	49.7%	29.8%	1.25%	14.77%	0.52%	2.40%	0.30%

 

1. Note: Cut-Off means all material is below the grade specified of Na₂O.
The sensitivity of the model to an increase in Na₂O to a 3% cut off
is included to show that the resources remains within E-Glass specifications.

 

The resource estimate is classified as Indicated and Inferred Mineral
Resources as defined by CIM and referenced in NI 43-101. A Technical Report for
this resource estimate will be filed on SEDAR within 45 days. The resource
estimate was prepared by GeoSim Services Inc. of Vancouver.

        

James
Tuer, Hudson’s President, stated, “We are very pleased with our initial
resource estimate for the White Mountain anorthosite deposit.  This resource estimate demonstrates that we
have already outlined a significant amount of anorthosite despite having only
drill-tested a very small portion of our target area. The low sodium content,
as noted in this resource estimate, makes it an ideal candidate for the E-glass (fibreglass) market, and we will soon be providing
processed bulk sample material to potential end users in the E-glass
industry for testing in their furnaces. As previously disclosed, the
high solubility and low iron content of our anorthosite also makes it an
excellent candidate for potential alumina production. With this resource model in hand, and metallurgical test-work expected
to be completed in the next few months, we will commence a prefeasibility study
for a project to supply the E-glass market and will work to rapidly advance the
project under Greenland’s streamlined permitting process.  We expect to submit an application for an
exploitation license in early 2014.”

 

The mineral resource was estimated using
the inverse distance squared method.  Block dimensions were 25
metres by 25 metres horizontal and 10 metres vertical.  Grade estimation was based on analyses of
core samples from 14 vertical core holes (1088 metres in total) completed in
2012.  Drill holes were spaced
approximately 100 metres apart on a rectangular grid and extended between 50
and 100 meters below surface. Oxide analyses were composited in five metre
down-hole intervals.  It was concluded
from statistical analysis of the raw sample data that grade capping or special
treatment of outliers was not warranted.

 

Blocks were considered as potentially
economic if they were within an area mapped as being >90% anorthosite and
containing less than 2.5% Na₂O. 
Almost all blocks exceeding this level of Na₂O were at the
base of the model and would not have to be removed to access the other
material.  No other cut-off criteria were
used as all blocks were within the anorthosite and are considered potentially
economic.

 

Blocks were classified as
‘Indicated’ if they were within the bounds of the drill grid or within 50m of
the boundary. Blocks were classified as ‘Inferred’ if they did not meet requirements
for ‘Indicated’ and were located up to 100 meters beyond the drill pattern.

 

White Mountain is a weakly metamorphosed
calcic anorthosite composed of nearly monomineralic high-calcium plagioclase
(bytownite An_80-85) with minor amounts (less than 1%) of
clinozoisite and muscovite. The anorthosite body is lenticular in shape with an
east-northeast structural trend, covering a surface area of over 20 square
kilometers.

 

Hudson plans to commence additional diamond drilling starting in June of
this year with the objective of adding additional tonnes and upgrading the
resource to the measured resource category from the indicated resource category
which will be included in the the application for an exploitation license.

 

Hudson’s White Mountain anorthosite is relatively
unique in that it has high concentrations of aluminum, silica and calcium, with
little to no contaminants and low iron. Hudson has determined that the White
Mountain anorthosite has three potential high-value industrial applications:

 

1.    
As a new source of alumina to supply aluminum smelters;

2.    
As a new source of feedstock to the high end fiberglass (E-glass)
industry; and

3.    
As a new source of filler material. Fillers are a significant
component in the plastics and paints industries.

 

Hudson commenced exploration on the White Mountain Project in
January 2012 and has completed over 4,300 meters of drilling in 45 drill holes
at White Mountain. Processing of the 122 tonne bulk sample has been initiated
at the Saskatchewan Research Council’s pilot plant in Saskatoon.  Based on bench scale testing, the material
requires minimal processing: crushing, grinding, magnetic separation and
milling.  The processed bulk sample
material will be provided to potential end users in the E-glass industry for
testing in their furnaces.  The Company
has also initiated baseline environmental studies with the
objective of submitting an application for a mining license in early 2014.

 

As reported in the Company’s press release dated January 23, 2013
(NR2013-02), aluminum leaching testwork has begun at SGS Canada Inc, with
initial leach recoveries of 94% of the aluminum being achieved.  Downstream testwork on leach solutions is
ongoing and includes aluminum chloride precipitation, alumina production and
acid regeneration testing.  Once this
testwork is completed, Hudson will initiate a scoping study to determine the
preliminary economics of producing an alumina product and potential
by-products, including silica and a calcium compound.

 

The White Mountain
Project is owned 100% by Hudson. The Project is located on tidewater
approximately 40 km from the Company’s 100% owned rare earth element (REE)
project. White Mountain is envisioned as an open pit mining operation similar
in scope to a quarry. The Company remains well-financed with approximately $7
million in working capital.

 

Dr. Michael Druecker is a qualified person as defined by National
Instrument 43-101 and reviewed the preparation of the scientific and technical
information in this press release.

Ronald G. Simpson, B.Sc., P,Geo., President of
Geosim Services Inc., is an independent Qualified Person as defined by NI
43-101 and is responsible for the resource estimate on White Mountain and has
verified the data disclosed in this release.

 

ON BEHALF OF THE BOARD OF DIRECTORS

     “James
Tuer”       

James Tuer, President