1This presentation contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actualresults may differ materially from those anticipated in these statements. While these projections and other statements represent our best current judgment, they are subject torisks and uncertainties that could cause actual results to vary, including the risk factors identified in Hudson’s most recent and annual Management Discussion and Analysis.

Hudson Resources Inc.Hudson Resources Inc.CANACCORD ADAMS

MODERN METALS CONFERENCE

OCTOBER 29, 2009

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$0.52Last Closing Price

$ 1,000,000Working Capital

$ 25,000,000Market Capitalization

58,556,266Fully Diluted

49,156,266Shares Outstanding

HUD –TSX VentureTicker Symbol

FOR FURTHER INFORMATION:

Visit the Company’s website at www.hudsonresources.caor contactJames Tuer, President | Ph: 604-628-5002 or 604-688-3415 | email at: tuer@hudsonresources.ca

Hudson Resources Inc.

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! 1976: Sarfartoq Carbonatite Complex was first identified as a potentialorebody by the Danish Geological Society using airborne radiometrics.

! 1989 - 2002: Subsequent work by Hecla Mining and New MillenniumResources defined a JORC compliant niobium resource of 23,478t of8.51% Nb2O5 to a vertical depth of 74 m.

! 2003: Hudson enters joint-venture agreement with New MillenniumResources to explore for diamonds on the Sarfartoq Licence.

! 2006: Hudson acquires the rights to 100% of all metals and diamonds onthe Sarfartoq project. Finds first 2.4ct diamond at Garnet Lake.

! 2007: Hudson establishes an on-site DMS diamond recovery plant.

! 2009: Hudson focuses on several under-explored, rare earth prospectswithin the carbonatite. Collects 172 rock samples which outlines threehigh grade REE targets and completes a 1,330m drill program on the 3targets.

Project History

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Why Focus on Rare Earth Elements Now?

! In-Situ potential value worth up to 10X that of diamonds

! Kimberlite >$100/t vs. REE > $1,000/t vs Nb/Ta/U > $2,500/t

! REE potential tonnages appear to be significantly larger than thepotential niobium resources.

! Access to 5+ years of historic work on the Sarfartoq Carbonatiteidentified excellent REE results but no follow-up work wasconducted due to a lack of demand at the time.

! Huge increase in market awareness due to uses in “green”technologies and high tech applications.

! Minimal association of uranium (<10 ppm) with the rare earthelements which is important given the current moratorium onuranium exploitation in Greenland. Relatively low amounts ofthorium included with the rare earth results.

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Solid Market Fundamentals

! “Consumers complain of soaring Pr-Nd prices.”(Metal-Pages: Monday October 26, 2009)

! "One of the industry's outstanding features in recent years hasbeen the rapid growth in demand for NdFeB magnets, which hasexceeded 15% pa…Forecast demand is so strong that it seemsinevitable that, in the near future, some ores could be processedsolely for the neodymiuim content.” (Roskill, 2007 Rare Earth Report)

! "Neodymium today generates more than 25% of the grossrevenues from all rare earth dependent end-use products beingmanufactured. It is projected that by 2014 this figure will be at least50%.” (Jack Lifton, 2009)

! Supply:Demand / Abundance:Production Imbalance. Typicaldeposit contains 16%-17% Nd while demand is forecast to be19%-20% of production.(Dudley Kingsnorth, IMCOA, June 2009, personal communication)

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! Located onthe Westcoast ofGreenland

! Situated onthe ArcticCircle

! Open watershipping tothe DavisStrait

! Airport andharbourfacilitieswithin 60kmof projectarea

Project Description

ProjectArea

IcelandBaffinIsland

Greenland

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Greenland Tenement Map

100% interest in 6 Exploration Licenses totaling over 1,300 sq km

HUDSON EXPLORATIONLICENCES (GREEN)

SARFARTOQCARBONATITE COMPLEX

PROTECTED AREA

GARNET LAKECAMP

HEADWATERS OF ALCOA600 MW POWER PROJECT

KANGERLUSSUAQ (SONDRE STROM)20 minutes away by helicopter

Metalex DiamondProspect (3rd party)

Fireice DiamondProspect (3rd party)

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Sarfartoq Carbonatite Topography

Protected Area isPrimarily in ValleyFloor

Approximate Extent ofSarfartoq Carbonatite Complex

PreviouslyEstablishedNiobium/Tantalum/Uranium/REEDeposit (SU1)

60% of the Carbonatite is outside the Protected Area

12 km Diameter

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Neodymium Rich Stream Sediment Samples

High NeodymiumSamples collected

from streams belowthe Northern

Plateau

3 samples

average 500ppm

Nd

ST1 RadiometricAnomaly

together withvery high REE

values

ST40Radiometric

Anomalytogether with

High NeodymiumREE’s

5 km

! High Neodymiumstream samples(up to 830 ppm)support the highNd rich rare earthsamples collectedin 2009.

! 21% to 46% thethe rare earthdistribution is Ndat ST1 and ST 40.

! Over 5 kmseparate thesource of thestream sediments.

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2009 Sarfartoq Carbonatite Sampling

Approximate Extent ofSarfartoq Carbonatite Complex

PreviouslyEstablishedNiobium/Tantalum/Uranium/REEDeposit (SU1)

172 Rock Samples Collected in 2009 - 4 Zones of REE Analyzed

ST1ST40

ST19

ST24

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ST40 - North Central Sarfartoq! Potential high value REE samples were overlooked in the late 1990’s

! Eight of nine samples collected in 2009 produced assays ranging from2.0% to 5.0% TREO and averaged 3.4%.

! These samples averaged 1.6% Nd2O3 (neodymium oxide) and 417ppmEu2O3, (europium oxide) which are atypically high amounts for REEprojects.

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ST40 - Photo Location

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ST40 Regional Results! Widespread Sampling Returns Promising Results over Great Distances

High Niobium ValuesIn this area: 1.2% and0.7% (ppm Nb)

ST40 Location

ST1 Location

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ST1 Looking NE to ST40"the iron rich oxidation and carbonatite dykes (with REE mineralization) can befollowed (E-W) from the ST40 to the ST1 area. Thus about 2.5 km of length ofpotentially favourable rocks." Dr. Danielle Giovenazzo, Consulting Geologist

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TREO % from SE Quadrant of ST1

Within a 250mby 150m sub-area, 21samplesaveraged 1.8%TREO andincluded thehighest TREOsample from theprogram - 9.9%

Float sample (9.9% TREO) and drill core sample (?% TREO) withankerite, feldspar, rare earth mineralization and sulfides.

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ST1 Drill Locations

Selected Assays

Shown on next slide

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REE Outcrop - ST19

! Large Radiometric Anomaly Exposed by River Cut

! Two of the Highest TREO Results from the program

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Photo - ST19 Sample Locations

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! Access to open water shipping

is critical given that re-agents

comprise 40% of mining costs.

! Access to inexpensive

hydroelectric power is critical

given that power consumption

comprises 30% of mining

costs.

Infrastructure

! Daily airport access within 60 kilometres

! Alcoa is planning to construct an Aluminum

smelter on the coast with a 600MW hydroelectricpower plant located within several km’s of theproject

! Community supportive of foreign investment fordeveloping natural resources

! Deep water access within 20 km of site

! Year round access available for drilling anddevelopment

Harbour Potential

SCC

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Greenland vs Canada Cost Benefits(Compared to Northern Canadian Mines)

Canadian Arctic Greenland

! 5-7 years for permitting 1-2 years for permitting

! Over 15 groups involved in permitting Only deal with one ministry

! 6 week shipping window on ice roads All-year shipping via tide water

! Harsh Arctic climate Ocean moderated climate

! Expensive fuel costs Subsidized fuel by EU

! Diesel generators only power option Planned hydroelectric installation

! Extensive Aboriginal agreements required No Aboriginal land claims

! Federal royalties on profits No royalties

! Average 300km to nearest town 60km to international airport

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! In a referendum held in November 25, 2008, Greenland votedoverwhelmingly in favour of more autonomy, paving the way forcomplete control of its mineral and petroleum resources some timeafter June 21, 2009

! Currently there is a moratorium on uranium mining in Greenland dueto Denmark’s anti-nuclear stance. “Town Hall” meetings are takingplace to gauge the support for allowing the mining of uranium, at aminimum, as a by-product.

! Thorium is currently “caught” by the uranium moratorium.

! Since thorium can not be upgraded in a nuclear reactor for themanufacture of nuclear weapons and because thorium is a natural by-product of the very rare earth elements required for “green”technologies, Hudson believes that the Government will allow themining of the rare earths outside of the uranium moratorium.

Current Government Position on Uranium

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James Tuer - President & Director;Background in engineering and business.

Jim Cambon - VP Corporate Development;Background in geology and Arctic engineering projects at AMEC.

Dr. John Ferguson - Director;Over 40 years mineral industry experience world wide, including Greenland.

John Hick - Director;Has served in a senior capacity and/or on the board of directors of major mining companies.

Robert Chase - Director;

An accounting background with ver 30 years experience in financings and debt-equity financing.

Dr. John A. McDonald - Consultant;

He and his technical team were directly responsible for the discovery and development of the Snap Lakediamond deposit, acquired by De Beers for $480 million in 2000.

Dr. Peter Le Couteur - Consultant;

A mineralogist with significant experience working with carbonatites. Ex-Cominco

Dr. Guy Della Valle - Consultant;

Extensive Greenland exploration experience with a PhD in geology and mineralogy (University ofLausanne)Dr. Danielle Giovenazzo - Consultant:

Ex-Falcnbridge, registered Professional Geologist with over 25 years of extensive field experience.

Directors/Management/Consultants

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Future Outlook

! Drill results expected mid to late November.

! $1,000,000 in the bank.

! Exercise of $0.30 warrants will add another $1.5M to the treasury.

! Exploration will likely re-start in March 2010.

! Potential airborne EM and/or Gravity survey scheduled for 2010.

! 5,000 to 10,000m drill program in 2010, assuming positive 2009results ($2-$4M program).

! Refresh environmental baseline and initiate full study in order toexpedite pre-feasibility (significant baseline work has beenconducted previously with respect to niobium project).

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! Large Tonnage andHigh Grade Potential

! Low Political Risk

! First Past the Post

Key Points for Rare Earth Companies

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Thank You