RNS Number:6851M
New Millennium Resources NL
24 June 2003


                      New Millennium Resources NL ("NMR")

                    Joint Venture with Hudson Resources Inc

NMR is pleased to announce that it has entered into an agreement with
Canadian-listed Hudson Resources Inc ("Hudson") whereby Hudson will acquire 80%
of the diamond mineral rights (including all other minerals except for tantalum
and niobium) on NMR's 765 sq. km. Sarfartoq Exploration License in West
Greenland.

This property is contiguous to the southeast margin of Hudson's Nalussivik
Exploration License and increases Hudson's interest in this highly prospective
regional diamond district to 1,824 sq. km. In order to earn its interest, Hudson
must make certain minimum exploration expenditures by the end of years 2004
through 2007. These are (denominated in Australian dollars) $100,000, $150,000,
$250,000 and $500,000, respectively. NMR has agreed to keep the ground in good
standing with the Bureau of Minerals and Petroleum, Government of Greenland,
until December 31, 2005. Assuming the terms of the agreement are fulfilled by
Hudson and NMR, NMR will retain a 20% carried interest through to completion of
feasibility studies on the ground covered by the Sarfartoq License area, whether
or not it is licensed to NMR or subsequently acquired by Hudson.

The core area held by NMR hosts the Sarfartoq carbonatite complex which has been
the focus of its exploration programme for a niobium and tantalum deposit.
Hudson is interested in other areas within the Sarfartoq licence area which have
been the focus of previous diamond exploration programmes undertaken by both
Monopros Limited and Aber Resources Ltd./Platinova AS. Previous assessment
reports made available by the Geological Survey of Denmark and Greenland (GEUS)
confirm the presence of high quality kimberlite mineral chemistry equivalent to
samples existing on the current Hudson tenements. Unlike Hudson's current
license area where there is no record of known kimberlites ever being tested for
diamond content, a number of kimberlite boulders were processed by both Aber and
Monopros. Although no macrodiamonds were reported, approximately 40% of the
samples tested were diamondiferous. Furthermore, the mineral chemistry of the
tested kimberlites does not appear to match the much better chemistry attained
from the nearby till samples leading one to surmise that more diamondiferous
kimberlites exist in the area.

Hudson has nearly completed the analysis of last year's hyperspectral survey
conducted by GEUS and has already identified a number of targets which correlate
well with the known mineral chemistry. These targets will be tested during an
exploration programme scheduled to begin on June 30, 2003. Hudson plans to
collect a number of kimberlite samples averaging 20kg in size and test them for
the presence of diamonds and kimberlite indicator minerals. The goal of the
programme is to identify the source of the high quality mineral chemistry
exhibited in the till samples.

Enquiries:

Chong-Kiat Lim, Managing Director, Tel: +61 8 9368 0388, Fax: +61 8 9368 0588,

E-mail: cklim@new-millennium.com.au




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