Hudson Resources Inc. announced the 2012 drill results for the Sarfartoq light rare earth element ("REE") project in Greenland. A total of 5,555 meters of diamond core drilling was completed in connection with rare earth exploration and development. Nineteen holes were drilled in the vicinity of the ST1 Zone resource.

The other four were exploration holes drilled on the south side of the carbonatite at the ST24 target. 2012 drill program highlights includes: Sixteen drill holes surrounding and infilling the ST1 Zone resource area contained high-grade intersections including: 6 meters of 6.05% TREO (SAR12-03); 6 meters of 4.91% TREO (SAR12-01); 8 meters of 4.61% TREO (SAR12-15); and 6 meters of 4.34% TREO (SAR12-15). Wide zones of neodymium mineralization at ST1 continue to demonstrate the high proportion of neodymium that has been outlined in the resource.

Drill results confirm continuation of high-grade mineralization at depth. The 2012 drill holes at ST1 were generally drilled at an azimuth of approximately 310 degrees and a dip of between 45 and 65 degrees. As a result, true widths are estimated to be 80% to 95% of reported intersections.

An estimate of the true width for holes SAR12-01, 02, 04, 05, and 19 can not be determined until the resource has been updated. Neodymium Oxide (Nd2O3) currently trades for $82.50/kg and Praseodymium Oxide (Pr2O3) trades for $90/kg FOB China.