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Message: Hudson River acquires Glenrock gold prospect and closes financing

Hudson River acquires Glenrock, closes financing

Hudson River Minerals Ltd (C:HRM)
Shares Issued 34,560,796
Last Close 7/27/2010 $0.15
Wednesday July 28 2010 - News Release

Mr. Stephen Balch reports


Hudson River Minerals Ltd. has signed a definitive agreement with the RRS Syndicate for the purchase of the Glenrock gold prospect located approximately 70 kilometres north of Sault Ste. Marie, Ont. Hudson River has acquired a 100% interest in Glenrock for 2.1 million Hudson River shares, a 1.5% Net Smelter Return (NSR) and a cash payment of $15,000. The RRS Syndicate has also completed a staking program to include additional claims around the known mineralization. All claims will be conveyed 100% in the name of Hudson River and represent a contiguous area of 2,515 Ha.

Hudson River has also closed the third and final tranche of a non-brokered private placement of units issued on a flow-through basis ("Flow-Through Units") at a price of $0.15 (Canadian) per unit (the "Offering") for gross proceeds of $908,250 for a total of 6,054,997 Flow-Through Units issued.

Each Flow-Through Unit sold under the Offering consists of one common share in the capital of the Company issued as a "flow-through share" (a "Flow-Through Share") and one-half of one non-flow-through non-transferrable common share purchase warrant (a "Warrant"). Each whole Warrant comprised within each Flow-Through Unit is exercisable into one common share of the Company (a "Warrant Share") at an exercise price of $0.30 (Canadian) per Warrant Share to the extent such Warrant or a portion thereof is exercised at any time prior to 5:00 p.m. (Toronto time) on July 8, 2012.

Finders used to source subscribers were paid a commission of 5% of the total gross proceeds, payable in cash or common shares, for a total commission of CDN$30,637.50 and 98,500 common shares. Proceeds from the private placement will be used to explore Hudson River's 100% owned McFaulds Lake and Glenrock Prospects.

� 2010 Canjex Publishing Ltd.

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