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Nyrstar (0JNH)


Wednesday 24 August, 2011


Update on Nyrstar's friendly Offer to acquire B...

Regulated Information

24 August 2011

Nyrstar  NV  ("Nyrstar")  announced  today  that  it  has  received the required
consents  and approvals from  anti-trust authorities in  South Korea and Canada,
and  has waived the condition requiring  receipt of Honduran anti-trust approval
in  relation to the  proposed acquisition of  all of the  issued and outstanding
common  shares  ("Breakwater  Shares")  of  Breakwater Resources Ltd. (TSX: BWR)
("Breakwater") announced on 15 June 2011 (the "Nyrstar Offer").

Nyrstar  anticipates that it  will receive approval  under the Investment Canada
Act  prior to the current expiry date of  the Nyrstar Offer. Upon receipt of the
approval under the Investment Canada Act, the Nyrstar Offer will be subject only
to  there having been validly deposited (and not withdrawn) at least 66 2/3 % of
the  Breakwater Shares (on a fully diluted  basis) by the expiry date, and other
customary  conditions.  The  Offer  remains  open for acceptance until 5:00 p.m.
(EDT) on 25 August 2011.

Breakwater shareholders are encouraged to tender their Breakwater Shares as soon
as  possible.  Kingsdale  Shareholder Services  Inc. is  the depositary  and the
information  agent for the Nyrstar Offer.  Shareholders can obtain copies of the
takeover  bid circular and related materials at no charge from the depository or
make  any enquiries in  relation to the  offer at 1-800-775-5159 or  by email at
[email protected]


For investor information contact:
Anthony Simms, Manager Investor Relations
T +41 44 745 8157, M +41 79 722 2152
[email protected]

For media information contact:
Kate Dinon, Group Manager Corporate Communications
T +41 55 745 8154, M +41 797 228 466
[email protected]

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,

About Breakwater
Breakwater is a mining, exploration and development company which produces and
sells zinc, copper, lead and gold concentrates to customers around the world.
The Company's concentrate production is derived from three mines in Chile,
Honduras and Canada. Breakwater is preparing the Langlois mine in Quebec, Canada
for production in the first quarter of 2012.


This  announcement has been prepared by Nyrstar NV (the "Company").  It does not
constitute  or  form  part  of,  and  should  not  be  construed  as,  an offer,
solicitation  or invitation to  subscribe for, underwrite  or otherwise acquire,
any  securities of the Company or  any member of its group  nor should it or any
part  of it form the basis of, or  be relied on in connection with, any contract
to  purchase or subscribe for any securities of the Company or any member of its
group,  nor shall  it or  any part  of it  form the  basis of or be relied on in
connection with any contract or commitment whatsoever.

The  information included in  this announcement has  been provided to you solely
for  your information  and background  and is  subject to  updating, completion,
revision  and  amendment  and  such  information  may change materially.  Unless
required  by applicable law or regulation, no  person is under any obligation to
update  or keep current  the information contained  in this announcement and any
opinions expressed in relation thereto are subject to change without notice.  No
representation  or warranty,  express or  implied, is  made as  to the fairness,
accuracy,  reasonableness or  completeness of  the information contained herein.
Neither  the Company  nor any  other person  accepts any  liability for any loss
howsoever  arising,  directly  or  indirectly,  from  this  announcement  or its

This document and any materials distributed in connection with this document are
not directed to, or intended for distribution to or use by, any person or entity
that  is a  citizen or  resident or  located in  any locality, state, country or
other  jurisdiction where  such distribution,  publication, availability  or use
would  be contrary to law or regulation  or which would require any registration
or licensing within such jurisdiction.

The full press release can be downloaded from the following link:

Press Release (English):

Press Release (Dutch):

Press Release (French) :

This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Nyrstar via Thomson Reuters ONE



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