NWT Uranium Corp.
OTC Bulletin Board : NWURF

NWT Uranium Corp.

July 27, 2009 11:20 ET

NWT Uranium Corp. Completes Transaction to Terminate Option Agreements on North Rae & Daniel Lake Through Receipt of 1.8M Shares of Azimut Exploration Inc.

TORONTO, ONTARIO--(Marketwire - July 27, 2009) - NWT Uranium Corp. (TSX VENTURE:NWT) (OTCBB:NWURF) (FRANKFURT:NMV) ("NWT") is pleased to announce that it has completed the transaction with Azimut Exploration Inc. ("Azimut"), to terminate its option agreements on North Rae & Daniel Lake, previously announced by press release on July 9, 2009. In exchange for Azimut re-aquiring full rights to the properties, it has issued NWT 1,800,000 common shares in its capital stock. This transaction effectively makes NWT one of the largest shareholders of Azimut with a 9.39% interest in its issued shares. NWT believes this is a mutually beneficial transaction for shareholders of both companies as NWT will have significant ownership in one of the largest mineral exploration claim holders in Quebec.

Azimut has also agreed to pay to NWT the sum of Cdn$1,000,000 upon the earlier of: 1) the commencement of full commercial production of uranium from the properties, or 2) in the event Azimut concludes an outright sale of all or a portion of its interest in the properties to a third party.

Neither 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.

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