U.S. Markets closed

Hudson Clarifies Continuous Disclosure Statements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2011) - HUDSON RESOURCES INC. ("Hudson" or the "Company") (TSX VENTURE:HUD - News; OTCQX:HUDRF), as a result of a review by the British Columbia Securities Commission (BCSC), is issuing the following news release to clarify its disclosure.On January 21 and 22, 2011, Hudson participated in the Cambridge House Critical Metals Investment Symposium held in Vancouver and presented an overview of the Company's activities along with a time line for a potential development and production scenario for the ST1 Zone on the Sarfartoq rare earth project in Western Greenland. The presentation was also posted on the Company's website and included estimates of mine life and specific timeframes for completion of prefeasibility studies and feasibility studies and commencement of production that are premature for a project with only inferred mineral resources. The presentation did not adequately discuss the risk that results from subsequent work may not justify moving the project to the next stage or ultimately support a production decision. The Company retracts this disclosure and states that the Company cannot assume that all or any part of an inferred mineral resource will be upgraded to indicated or measured mineral resources or will eventually become mineral reserves that are economically mineable.In addition to the removal of the retracted language, the following updated cautionary language, among others, has been added to the presentation and the home page of the Company's website.Cautionary Note Regarding Mineral Resources and Mineral ReservesReaders should refer to the current Technical Report of Hudson and other continuous disclosure documents filed by Hudson available on SEDAR at www.sedar.com for further information on the inferred mineral resource estimate with respect to Hudson's Sarfartoq REE project, which are subject to the qualifications and notes set forth therein, as well as for additional information relating to Hudson more generally. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. Inferred mineral resources have insufficient confidence to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability suitable for public disclosure. Neither Hudson nor readers can assume that all or any part of an inferred mineral resource will be upgraded to indicated or measured mineral resources. Most projects at the inferred mineral resource stage do not ever achieve successful commercial production. Each stage of a project is contingent on the positive results of the previous stage and that there is a significant risk that the results may not support or justify moving to the next stage.In addition, in the Company's February 1, 2011 news release (NR2011-02), Hudson stated that the ST40 Zone assays the industry's highest known ratio of neodymium oxide to TREO at 45%. Following a review of other projects that are in the public domain and consultation with industry experts, the Company believes the ST40 Zone assays one of the industry's higher known ratios of neodymium oxide to TREO, but retracts the absolute statement that it assays the industry's highest known ratio of neodymium oxide to TREO.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.ON BEHALF OF THE BOARD OF DIRECTORSJames Tuer, PresidentForward Looking StatementsExcept for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "has potential to", or "intends' or by discussions of strategy or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance.Forward-looking statements used in this discussion are subject to various risks and uncertainties, most of which are difficult to predict and generally beyond the control of the Company. If risks or uncertainties materialize, or if underlying assumptions prove incorrect, our actual results may vary materially from those expected, estimated or projected. Forward-looking statements in this document are not a prediction of future events or circumstances, and those future events or circumstances may not occur. Given these uncertainties, users of the information included herein, including investors and prospective investors are cautioned not to place undue reliance on such forward-looking statements.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.