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Nyrstar (0JNH)

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Tuesday 10 November, 2009

Nyrstar

Gold Hawk shareholders approve Nyrstar's acquis...





Balen, Belgium (10 November 2009)  - Nyrstar NV today announced  that
shareholders of Gold Hawk Resources  Inc (TSX-V:CGK) (Gold Hawk)  had
approved Nyrstar's acquisition of an  85% interest in the  Coricancha
mine in Peru.

As previously announced,  Nyrstar's acquisition  remained subject  to
Gold Hawk shareholder  approval.  The Gold  Hawk shareholder  meeting
was  held  early  today  in   Vancouver,  Canada  and  over  96%   of
shareholders voted to approve the transaction.

Completion of the  acquisition is  expected to occur  on 12  November
2009.

About the Coricancha mine

The Coricancha mine is a poly-metallic  mine with more than 60  years
of operating history and currently comprises a 600-tonne per day  ore
processing facility,  underground  mine and  reserves  and  resources
containing gold, silver, zinc, lead and copper.  The mine is  located
(approximately) 90 kilometres east of  Lima, Peru in close  proximity
to a number  of other significant  mining operations and  exploration
properties.  Operations at  the mine  have been  suspended since  May
2008. The Company intends to re-start the mine after construction  of
a new  tailings facility  in H1  2010. The  Company also  intends  to
undertake an exploration  program that is  expected to  significantly
increase mineral resources and reserves,  and allow for an  expansion
of the scope and scale of operations in 2011. The expanded operations
are expected to  produce annually (approximately)  45,000 troy oz  of
gold, 2.4 million troy oz of  silver, 20,000 dry metric tonnes  (dmt)
of zinc concentrate and 15,000 dmt of lead concentrate.  In addition,
it  is  estimated  that  the  existing  tailings  facility   contains
(approximately) 35,000  troy oz  of recoverable  gold. The  mine  has
three main product streams: a gold doré, a zinc concentrate  suitable
for treatment at Nyrstar's European and Hobart (AUS) smelters, and  a
lead concentrate high  in precious  metals which is  well suited  for
treatment at Nyrstar's Port Pirie (AUS) lead smelter.


                               - end -

About Nyrstar
The partner of choice in essential resources for the development of a
changing world.  Nyrstar is a leading global multi-metals'  business,
producing significant quantities of  zinc and lead  as well as  other
products (including silver, gold and  copper).  Nyrstar is listed  on
NYSE Euronext Brussels under the symbol NYR. For further  information
visit the Nyrstar website, www.nyrstar.com.


Contacts

Michael Morley
Director Legal and
External Affairs
T: +44 20 7408 8120
[email protected]

Investors

Chris James
Group Manager,
Investor Relations
T: +44 20 7408 8161
M: +44 7912 269 497
[email protected]

Media

Geert Lambrechts
Manager
Corporate Communications
T: +32 14 449 646
M: +32 473 637 892
[email protected]


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.




                                                  

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