U.S. Markets closed

Hudson Awards Sarfartoq REE Project Environmental Impact Study

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - HUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD - News; OTCQX:HUDRF) is pleased to announce that it has awarded the Environmental Impact Assessment (EIA) and Socio Economic Impact Assessment (SIA) studies to Environmental Resources Management (ERM) for the Sarfartoq rare earth project in Greenland. The EIA and SIA are key components required in the submission of a mine permit application.ERM is one of the world's leading providers of environmental, health and social consulting services in the resource industry with 130 offices in 40 countries and employs approximately 3,600 staff. ERM was responsible for the EIA and SIA studies for Alcoa for their application to build a hydroelectric project and aluminum smelter in Greenland. The hydroelectric project area overlaps with Hudson's Sarfartoq rare earth project. ERM will work with local Greenlandic companies during the studies.James Tuer, Hudson's President, stated, "We are very pleased to have ERM on our technical team. Their experience in Greenland, and in particular on our project area through their work for Alcoa, will be a big benefit. We want to ensure the highest environmental standards are applied to our project as we advance the ST1 Zone where we now have an inferred resource with over 14 million tonnes averaging 1.5% total rare earth oxides (TREO). Our expectations are that we will have all the necessary baseline work collected and community consultations completed to support the submission of an application for a mine permit in line with our geological and engineering studies."Hudson has produced an initial NI 43-101 resource estimate for the Company's ST1 Zone, which defined 14.1M tonnes averaging 1.51% total rare earth oxides (TREO) using a cutoff of 0.8%. The ST1 Zone contains one of the industry's highest ratios of neodymium and praseodymium to TREO, at 25%. Currently, the ST1 inferred resource contains over 40 million kilograms of neodymium oxide, which is the key component in permanent magnets and the fastest growth sector of the rare earths industry. Neodymium oxide is currently quoted at over US$300/kg, FOB China, and at over US$200/kg, within China, according to www.metal-pages.com.The Sarfartoq REE project is located within 20 km of tidewater and only 60 km from Greenland's international airport. The project is owned 100% by Hudson. The Company is well financed with approximately $16 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 in respect of the Sarfartoq REE Project. 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 the ST1 Zone.ON BEHALF OF THE BOARD OF DIRECTORSJames Tuer, PresidentForward-Looking StatementsThis 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 plans for the completion of a financing and the intended terms and use of proceeds thereof, 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 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. 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.