Good morning Please see Fairfaxs note on North River this morning following the Companys publication of a positive maiden JORC resource of 668,000t at 6.6% zinc, 2.5% lead, 46 g/t silver and 33 g/t indium estimated using a 1% combined lead, zinc cut-off grade.

The sp is up 9.09% this morning to 0.9p. The resource indicates sufficient tonnage of rich zinc, lead, silver ore to start the planning of a small scale mining operation at the mine through the extension and adaptation of existing mine infrastructure and with the construction of a new surface processing plant.

Looking ahead, the completion of its conceptual engineering study will be a key milestone in the evaluation of the optimum path to production. Fairfax says: "It is rare to find a mine in this state of preparation where miners and geologists can so easily access the orebody and where the mine should so easily be returned to production.

The Namib mine has good potential to create value within a relatively short time frame and on a modest capital cost."
North River Resources* (NRRP LN) 0.9p, mkt cap �6m - Maiden JORC resource shows 668,000t at 6.6% zinc � North River Resources today publishes a maiden JORC resource at its Namib lead zinc silver mine in Namibia � The resource shows 668,000t at 6.6% zinc (Zn), 2.5% lead (Pb), 46 g/t silver (Ag) and 33 g/t indium (In) estimated using a 1% combined lead, zinc cut-off grade. � The mine has not worked for some years and recent work by North River Resources (NRR) has enabled a drilling team to drill from within the mine to establish a new JORC resource on the orebody. � Mining stopped at the mine during the Asian crisis due to low metal prices and possibly also due to potential disruption due to political changes in Namibia at the time. � The mine is situated near Rio Tintos Rossing uranium mine and is a 20 minute drive from Swapkmund, a picturesque town on Namibias skeleton coast. � The resource indicates sufficient tonnage of rich zinc, lead, silver ore to start the planning of a small scale mining operation at the mine through the extension and adaptation of existing mine infrastructure and with the construction of a new surface processing plant. � The mine and surface sites have been cleared of historic debris and are effectively prepared for new plant construction. � Drilling to the north of the mine also shows good potential for the identification of a repeating structure which could expand both the scale and value of the mining operation. � A conceptual exploration target is thought to host some 900,000t of mineralised material which may add to the resource on further delineation. � Mine plan: NRR is close to finishing a conceptual engineering study at the Namib mine.

We reckon the company are looking at a production rate of something like 10,000tpa of metal in concentrate.

Eg sales of around $20m per year.

It might cost $25m to build such a project over 18 months and could give an effective project payback in two to three years depending on operating costs. � We see Namibia as a relatively good country for mining and the Namib mine site as a good location for the restart of mining.

Unfortunately there appears to be an ongoing dispute at Rio Tintos Rossing uranium mine with Namibias powerful Mineworker union.

But, at least the unions appear to have some control of their members and the situation seen in South Africa may not spread. � Cash: The company has �1.2m of cash Conclusion: It is rare to find a mine in this state of preparation where miners and geologists can so easily access the orebody and where the mine should so easily be returned to production.

The Namib mine has good potential to create value within a relatively short time frame and on a modest capital cost.
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North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining 10 October 2012 North River Resources plc (North River or the Company) Maiden JORC Resource at Namib Lead-Zinc Project North River Resources plc, the AIM listed resource company focussed on Southern Africa, is pleased to report a maiden JORC compliant resource at the Companys 100% owned Namib Lead-Zinc Project (NLZM) in Namibia of 668,000 tonnes at 6.6% zinc (Zn), 2.5% lead (Pb), 46 g/t silver (Ag) and 33 g/t indium (In). Overview The resource estimation has been prepared by CSA Global (UK) Ltd (CSA Global) following a site visit, data review and inclusion of recent drilling and channel sampling results. CSA Global has estimated the following resource figures using a cut-off grade of 1% combined lead and zinc. An ore density of 3.45 t/m3 was used.

Tonnes have been rounded to the nearest 1,000 tonnes. JORC Class Tonnes Zn % Pb % Ag (g/t) In (g/t) Indicated (North Lodes) 80,000 7.1 1.8 41 51 Inferred (North Lodes) 477,000 6.9 2.5 44 33 Inferred (South Lodes) 111,000 5.1 2.9 62 22 Total Inferred 588,000 6.5 2.6 47 31 Total 668,000 6.6 2.5 46 33
North Rivers Managing Director, David Steinepreis, commented as follows: "This maiden JORC Resource at our NLZM project further reinforces our confidence that there is significant potential to recommence mining operations.

In line with this, the completion of our conceptual engineering study will be a key milestone in the evaluation of the optimum path to production. "In addition to the continued advancement of our conceptual engineering study, we also remain focussed on the resource development and expansion of the project.

We have a conceptual exploration target of an additional 900,000 tonnes which, if converted to resources through further exploration work, could bring the projects total resource base to over 1.50 million tonnes." Further Information The indicated and inferred resources over the North mineralised zones extend from the surface to the 170 level (150 vertical metres), as informed by reverse circulation (RC) drilling from the surface.

The inferred resources in the south are contained in mineralised zones which have been informed by underground diamond drilling and channel sampling completed by North River. CSA Global commented as follows: "The recent channel sampling and drilling activities at and below the lower levels of the underground workings have provided confidence to estimate JORC compliant resources for proximal down-plunge extensions to known stopes within the historic mine.

Under the current geological and structural model for the project there exists significant potential to augment and upgrade the resource base below the mine.

This potential remains to be tested and realisation of resource upgrade and addition will only come from additional resource development drilling and sampling, which is currently being planned by North River. "The estimation of significant additional JORC compliant resources to the north of the mine, delineated by surface RC drilling, provides potential project upside and demonstrates the potential of economic extraction along strike in the near mine environ." Exploration Potential at Depth Observations from the recently dewatered underground openings, supported by channel sampling, recent drill results and historic (unverified) drill results supports the findings of the structural geology survey, which suggests that the mineralisation extends at depth and may be increasing in grade and volume. North River is currently finalising exploration plans for NLZM which include; � Definition drilling of the inferred resource in the North mineralised zones with the aim of upgrading the resource to an indicated classification � Exploration drilling, possibly up to an additional 100 vertical metres, below the current resources in the North and N20 zones to increase the total resource tonnes in this area � Exploration drilling, possibly up to an additional 100 vertical metres, below the remaining Junction and South mineralised zones to increase the resource in these areas Conceptual Target Based on current information and historic cross sections, the conceptual exploration targets are; � North mineralised zones over 100 vertical metres below the base of the current resource: 350,000* tonnes � South and Junction mineralised zones over 100 vertical metres below the base of current mining: 550,000* tonnes (* rounded to 50,000 tonnes) This exploration target tonnage is conceptual in nature, based on extrapolation and assumed continuity of estimated mineralised zone geometries of mined out stopes (South and Junction) and resource volumes (North).

Whilst additional potential resource does exist, based on the current geological and structural model, it is not known at this time whether additional resource development drilling and sampling over these areas will result in the definition of additional JORC compliant resources. Other Works North River is currently finalising a conceptual engineering study (that is not at Scoping or Feasibility Study level) over the NLZM project to determine conceptual project economics.

Once completed, this study will be reviewed by an external consultant prior to the release of results and conclusions. A surface drill programme to test a number of surface anomalies defined by a recent Versatile Time-Domain Electromagnetic (VTEM) survey is being planned.

A small follow up soil sampling programme is currently under way.

The drill planning will not be finalised until the soil sampling results are received. Review by a Qualified Person The information in this release that relates to the estimate of mineral resources for the Namib Lead-Zinc Project, Namibia is based on information compiled by Mr.

Galen White BSc (Hons), FAusIMM, FGS, Managing Director and Principal Geologist of CSA Global (UK) Ltd.

Mr White has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken, to qualify as a Competent Person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Mr White consents to the inclusion in this release, of information relating to the estimation of mineral resources in the form and context in which it appears. For further information please visit www.northriverresources.com or contact: David Steinepreis North River Resources Plc Tel: +44 (0) 79 1340 2727 Luke Bryan North River Resources Plc Tel: +44 (0) 20 7292 9110 Guy Wilkes Ocean Equities Limited Tel: +44 (0) 20 7784 4370 Ewan Leggat Fairfax I.S.

PLC Tel: +44 (0) 20 7460 4389 Katy Birkin Fairfax I.S.

PLC Tel: +44 (0) 20 7598 4073 Angela Hallett Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Stuart Faulkner Strand Hanson Limited Tel: +44 (0) 20 7409 3494 David Altberg Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Susie Geliher St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177