Freewest Board advises shareholders to take no action pending Board recommendation

MONTREAL, QUEBEC-(Nov. 30, 2009) – Freewest Resources Canada Inc. (TSX VENTURE:FWR) wishes to comment on the revised “final” offer for all of Freewest’s shares announced today by Noront Resources Ltd. The revised final offer consists of one common share of Noront for every 3.5 Freewest common shares and one Noront warrant for every seven Freewest shares. The warrants have an exercise price of $4.00 and may be exercised for five years. Noront has waived all of the conditions of its offer, including the condition that at least 66 2/3% of Freewest’s outstanding shares be tendered to the offer.

Freewest advises its shareholders not to deposit any common shares of Freewest to the revised Noront offer and not to take any action concerning the revised offer until Freewest shareholders have received further communication from the Board of Directors of Freewest. Noront has extended its offer to December 11 and cannot take up and pay for any tendered shares until that time. Freewest shareholders gain no advantage by tendering shares prior to receiving the recommendation of Freewest’s Board of Directors.

Noront is required to send a Notice of Variation to Freewest’s shareholders regarding its revised final offer. Once Freewest’s Board of Directors has received Noront’s Notice of Variation, it will consider the revised final offer in consultation with its financial advisor, CIBC World Markets Inc., and legal advisors, in the context of Freewest’s legal obligations under its previously-announced Arrangement Agreement with Cliffs Natural Resources Inc.

If Freewest’s Board of Directors determines that the revised Noront offer is a “Superior Proposal” as defined in the Cliffs Arrangement Agreement, Cliffs has the right, but not the obligation, to offer to amend the terms of the Arrangement Agreement within a period of five business days after Freewest has met certain conditions, including providing notice in writing to Cliffs that it has determined that the revised offer from Noront is a “Superior Proposal”. Freewest’s Board of Directors is obliged to review in good faith any such offer by Cliffs, in order to determine whether the revised Noront offer would continue to be a “Superior Proposal” when compared to the Cliffs Arrangement Agreement, as Cliffs has offered to amend it. If Freewest’s Board of Directors determines that the revised Noront offer does not continue to be a “Superior Proposal”, the Board of Directors will promptly reaffirm its recommendation that Freewest shareholders approve the Arrangement Agreement with Cliffs and will enter into an amended Arrangement Agreement with Cliffs, reflecting Cliffs’ offer to amend the terms of the Arrangement. If Cliffs does not offer to amend the terms of the Arrangement Agreement, Freewest is permitted to terminate the Arrangement Agreement, subject to certain conditions, including the payment of a $6 million termination fee to Cliffs.

About Freewest

Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest’s shares are listed on Tier 1 of the TSX Venture Exchange under the symbol FWR.

Georgeson Inc. is acting as Freewest’s solicitation agent in connection with the previously-announced transaction with Cliffs Natural Resources Inc. Georgeson may be contacted as follows:

100 University Avenue
11th Floor, South Tower
Toronto, Ontario
M5J 2Y1
North American Toll Free Number: 1-866-433-7579
Banks and Brokers Collect Number: 1-212-806-6859

Forward-Looking Statements

This news release contains statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities legislation. More particularly, this news release contains forward-looking information concerning a Plan of Arrangement involving Freewest Resources Canada Inc. and Cliffs Natural Resources Inc. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Freewest. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Freewest will derive therefrom. In particular, no assurance can be given as to whether the plan of arrangement with Cliffs Natural Resources Inc. will be completed. Forward-looking information is based on the estimates and opinions of Freewest’s management at the time the information is released and Freewest does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or 1-888-878-3551
(514) 878-4427 (FAX)
info@freewest.com
www.freewest.com

or

AGORACOM Investor Relations
FWR@Agoracom.com
http://agoracom.com/ir/freewes

China Advanced Construction Materials Group Awarded New Contracts Totaling $4.1 Million for Hangzhou-Ningbo Railway

NEW YORK and BEIJING, July 16 — China Advanced Construction Materials Group, Inc. (“China ACM”) (OTC Bulletin Board: CADC), a leading provider of ready-mix concrete and related services in China, today announced that it has been awarded two new contracts to provide concrete manufacturing services for the Hangzhou-Ningbo railway construction project. Under the agreement, China ACM will supply 500,000 cubic meters of concrete and expects to complete the project by mid-2011.

Upon completion, the Hangzhou-Ningbo railway will cover approximately 150 kilometers, or approximately 93 miles. Train speed on this line will approach 188 miles per hour and will reduce travel time between Hangzhou City and Ningbo City to less than one hour.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, “We continue to gain traction in providing our manufacturing services for China’s growing network of railway systems. We are in a unique position to win these railway projects as one of only a select group of companies authorized to supply ready-mix concrete for government infrastructure projects. Our competitive advantages also include our advanced technologies, lengthy warranty period and superior pricing. The high profile projects we have been involved with in and around the Beijing area serve as testimonials to the quality of our work and the reputation we have established.”

Mr. Han continued, “High speed railways are an important element in the continued modernization of China. In total, we have been awarded 9 of these railway projects since the fiscal first quarter of 2009, which alone will generate more than $25 million of revenue in the next two years. We expect to announce similar contract awards in the coming weeks and months.”

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.

China ACM provides materials and services through its seven ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases two plants and has technical services and preferred procurement agreements with four other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at www.china-acm.com.

This press release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company’s Annual Report on Form 10K and in the Company’s recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

Contact:
Crescendo Communications, LLC
David Waldman or Klea Theoharis
Tel: (212) 671-1020
Email: ir@china-acm.com
Web: http://www.china-acm.com

In a published report in the July 16th edition of Marketwatch, China’s GDP is growing slightly faster than anticipated. Gross Domestic Product for the second quarter of ’09 grew 7.9% compared to the same quarter last year. This is as a result of a government-led stimulus package and strong bank lending which gave a jump start to domestic consumption and industrial activity.

The article went on to say: “The acceleration was higher than the 7.8% expansion anticipated by economists polled in a survey by FactSet Research and higher than the 7.7% tipped in a Dow Jones Newswires survey. It came after a string of declines, which slowed the nation’s GDP growth rate to 6.1% in the first quarter.”

The higher than anticipated GDP numbers are good news for China Advanced Construction Materials (CADC: OTCBB). The company is a leading producer of construction materials for large scale commercial, residential, and infrastructure developments. It has already announced a number of railway contracts from the People’s Republic of China. In the first six months of this year, China ACM has been awarded three separate contracts valued at $7.5 Million. In May, the company reported Q3 fiscal revenues of $9.8 Million, an increase of 116% in Gross Profit, and reported net income of $2.3 Million (an increase of over $1 Million for the same time last year).

While there has been a world wide recession, the article states that China’s GDP numbers remain strong and should get stronger for the balance of the year. It states: “Economic growth in the first six months of the year was lifted to 7.1%, according to the data released by the National Bureau of Statistics, sustaining the economic rebound and keeping China on track to achieve its targeted growth rate of 8% this year.”

China ACM’s performance is expected to remain strong for the foreseeable future as that country continues to post solid GDP growth figures.

To access the article in its entirety, simply go to: http://www.marketwatch.com/story/chinas-economy-rebounds-though-prices-weaken

AGORACOM Investor Relations is pleased to bring you this Industry Report pertaining to China ACM (CADC: OTCBB). Feel free to comment on this report or any other facet of the company’s business on the discussion forum within the China ACM IR hub with AGORACOM ( http://agoracom.com/ir/chinaacm/forums/discussion ).

AGORACOM Investor Relations

China ACM Announces Reduction in Corporate Tax Rate to 15% from 25% and Receives Two-Year Extension on 6% Value Added Tax Credit

NEW YORK and BEIJING, July 14 — China Advanced Construction Materials Group, Inc. (“China ACM”) (OTC Bulletin Board: CADC), a leading provider of ready-mix concrete and related services in China, today announced that it has been issued the Enterprise High-Tech Certificate within the People’s Republic of China (PRC). The issuing parties include the Beijing City Committee of Science and Technology, the Beijing City Department of Finance, the Beijing City Department of Taxation, and the Beijing City Department of Land. The certificate was awarded based on the company’s involvement in producing high-tech products, its research and development, as well as its technical services. As a result of this certification, the company’s effective income tax rate has been reduced to 15% from 25%. The new tax rate will be retroactive to January 1, 2009 and will be effective for three years, through December 31, 2011. The company expects the tax reduction will result in savings of more than $1 million per year, beginning in calendar 2009.

The company also announced that it has been approved for a 6% value added tax (VAT) credit by the State Administration of Taxation, extending its prior credit for an additional two years. Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export goods in the PRC are subject to a value added tax. The standard VAT rate is 6% of gross sales within the concrete industry. Due to the fact that China ACM uses recycled raw materials to manufacture its products, the State Administration of Taxation had previously granted the company a VAT exemption from August 2005 through August 2009. The two year extension provides China ACM an exemption from the VAT through August 2011. The company records the VAT credit as “Other Subsidy Income” on its income statement, which accounted for approximately $1.2 million in fiscal 2008 and $1.3 million through the third quarter of fiscal 2009.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, “We are extremely pleased with the tax advantaged status that China ACM has received from the PRC government as a result of developing our environmentally friendly concrete production methods and products. In particular, we have two patents that played an important role in this certification: (1) a high-performance pumping concrete containing mineral admixtures, and (2) C100 high-performance concrete and its formulations. This certification will have a significant and immediate effect on our net income.”

“China ACM was awarded the VAT credit based on our effective utilization of natural resources. Specifically, our concrete mixtures utilize high quantities of fly ash and waste rock. As a result, we have transformed common industrial byproduct to useful manufacturing materials. Our usage of recycled materials has improved the technical quality performance of products, decreased the usage of cement and other resources, and, in turn, we achieved the country’s highest environmental standards for both economic and social benefit. We currently use at least 30% recycled components in our mixtures and we continue to innovate and find ways to increase this percentage.”

Mr. Han concluded, “In addition to our use of recycled waste materials, we are also at the forefront of the industry due to our efficient production of concrete materials with minimal energy usage, our ability to reduce dust and air pollution, as well as our innovative and high quality products. We commend the government’s commitment to improving the environment, while increasing and ensuring the highest standards across the industry.”

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.

China ACM provides materials and services through its seven ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases two plants and has technical services and preferred procurement agreements with four other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at www.china-acm.com.

This press release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company’s Annual Report on Form 10K and in the Company’s recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

Contact: On-line Investor Contact:
Crescendo Communications, LLC AGORACOM Investor Relations
David Waldman or Klea Theoharis http://www.agoracom.com/IR/chinaacm
Tel: (212) 671-1020
Email: ir@china-acm.com
Web: http://www.china-acm.com

SOURCE China Advanced Construction Materials Group, Inc.