Apr. 5, 2011 (Marketwire) --

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/05/11 --

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

HUDSON RESOURCES INC. (the "Company") - (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased to announce that it has closed its previously announced offering of 15.8 million common shares at a price of Cdn$0.95 per share. In addition, the underwriters have exercised the full allotment of 2.37 million common shares resulting in total proceeds to the Company of Cdn$17,261,500, before commissions and fees.

Dahlman Rose & Company, LLC and GMP Securities L.P. acted as joint book-running managers for the Offering, with Stonecap Securities Inc. and Euro Pacific Canada Inc. acting as co-managers.

The Company intends to use the net proceeds from the offering to finance the advancement of its Sarfartoq rare earth project in Greenland, and for general corporate purposes.

After the completion of this offering, Hudson's issued and outstanding securities are comprised of 80,186,766 common shares, 4,445,000 options and 3,102,500 warrants.