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A copy of the press release is filed as Exhibit 99.1 hereto.

Nord announced that it has retained FTI Consulting, Inc., a global business advisory firm, to provide certain strategic consulting services related to potential restructuring or other transactions including indentifying, vetting and evaluating strategic alternatives, refinancing structures, and/or possible business combination transactions involving Nord.

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,500 professionals located in most major business centers in the world, FTI works closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as mergers and acquisitions, regulatory issues, restructuring, and litigation.

FTI Corporate Finance focuses specifically on the strategic, operational, financial and capital needs of businesses. FTI is a world wide leader in assisting companies address the full spectrum of financial and transactional challenges faced by companies, boards, private equity sponsors, creditor constituencies and other parties-in-interest. FTI has a reputation for mobilizing the specialized resources needed for each unique situation - whenever and wherever they are needed. FTI provides an exemplary mix of industry, financial and operational expertise to effectively and efficiently develop and implement workable solutions for the mining industry.

The decision to seek a listing on an alternative stock exchange follows the receipt of notice from the TSX's Continued Listings Committee that Nord's shares will be delisted from trading on the TSX effective at the close of the market on July 2, 2010. The delay in delisting follows the TSX's standard practice of providing companies that are to be delisted with a period during which they can provide the TSX with any further evidence, including changes in their circumstances, that Nord meets the original listing requirements of the TSX and also to provide time for proceeding with a listing application for trading of the shares on another market.

As previously announced, Nord received an exemption from certain shareholder approval requirements under the rules of the TSX in connection with Nord's $12 million private

placement completed in November 2009, on the basis of financial hardship. Reliance on this exemption automatically triggered a TSX delisting review to confirm that Nord continues to meet the TSX listing requirements.

Nord intends to continue with its operations in the ordinary course, as it works with FTI to aggressively pursue opportunities to refinance and/or restructure the Company.