NWT Uranium Announces Resignation of CFO, Raphael Danon

TORONTO, ONTARIO--(Marketwired - April 17, 2014) - NWT Uranium Corp. (The "Corporation") (TSX VENTURE:NWT)(FRANKFURT:NMV) announced today the resignation of Raphael Danon as Chief Financial Officer of the Corporation and the appointment of Jing Peng as its new CFO. The Board of Directors would like to thank Mr. Danon for his services.

Mr. Peng is currently CFO at Canadian Silver Hunter Inc. As well as Senior Financial Analyst at Marrelli Support Services since December 2010. He has a wealth of knowledge from years of experience working with MSCM LLP June 2009 to December 2010, KPMG LLP from January 2007 to June 2009 as well as Citigroup Global Markets China Ltd from May 2002 until May 2004. He is an experienced management and accounting professional who has provided financial and business consulting to a wide range of organizations. Mr. Peng graduated from the Rotman School of Management at UofT with a Master of Management and Professional Accounting, and is a Member of the Chartered Accountants of Ontario.

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed COB transaction; use of funds; and the business and operations of the Corporation after the proposed transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.