February 2, 2010 NR2010-02

(“Hudson” – TSX Venture Exchange “HUD”) is pleased to

announce that it has approved the first phase of an aggressive program to advance the rare earth element (REE)

project on the Sarfartoq Carbonatite in Greenland, which is 100% owned by Hudson. The program will

commence in March and will include geophysical surveying, environmental baseline data collection, a minimum

3,000 meter drill program, and bench-scale metallurgical testwork.

This first phase of drilling is planned to start in April. It will focus on the expansion of the rare earth zones at ST1

and ST40, which yielded significant REE intercepts in the 2009 drill program. The ST1 and ST40 zones are

approximately 2.5 km apart and appear to be linked based on geophysics and rare earth mineralization traced on

surface. This initial phase of the 2010 work program, including ground geophysics and 3,000m of core drilling

(approximately 20 holes), is fully funded by the Company.

The second phase of drilling, representing a minimum of 2,000m, will be conducted later in the summer based on

spring results. Drill core will be logged and split in the field and flown to Canada for assaying.

“We are very excited about the year ahead and have designed a program which we believe will add significant

value to our REE projects”, stated James Tuer, Hudson’s President. “One of our key objectives is to define a

resource as quickly as possible and take advantage of the streamlined permitting process in Greenland to rapidly

advance the project.”

In 2009, Hudson generated three exciting rare earth priority targets on the Sarfartoq Carbonatite: the ST1, ST40

and ST19 localities. Highlights of the 2009 drill program include: