VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 24, 2017) – HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased to announce that Greenland Venture A/S, an investment company owned by the Greenland Government, has agreed to purchase, by way of a private placement, 8,000,000 Units in Hudson Resources Inc. The Units will be priced at $0.50 per Unit for total proceeds to the Company of $4,000,000. Each Unit will be comprised of one fully paid and non-assessable common share (a “Share”) in the capital of the Company and one-half of a transferable Common Share purchase warrant (a “Warrant”). Each whole Warrant shall entitle the holder thereof to purchase one additional Share (a “Warrant Share”) in the capital of the Company from the date of the issue until its expiry 36 months after such date at an exercise price of $0.70 per Warrant Share. The net proceeds of the private placement will be used in connection with the construction of Hudson’s White Mountain Anorthosite Project, to advance the Company’s paints and coatings business, and for general corporate purposes. The transaction is subject to the approval of the TSX Venture Exchange.