North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

October 12, 2007 18:00 ET

North American Tungsten Announces 2007 Fiscal Year End Production Figures

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2007) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) -

HIGHLIGHTS:

- 23% increase in overall tungsten production at the Cantung Mine from Q1 to Q4.

- Cantung September production recovery remains high at 76% WO3.

- Average monthly APT price increases from August.

CANTUNG MINE

North American Tungsten Corporation Ltd. (the "Company") is pleased to announce the 2007 Q4 production figures from the Cantung Mine.

The Company produced 21,323 metric tonne units (MTUs) of tungsten concentrate (WO3) in September, 2007, bringing Q4/07 production to 74,553 MTUs, an increase of 23% from Q1 this fiscal year (see Table 1).

The Company's commitment to improving Cantung operations is demonstrated by the increase in production each fiscal quarter when compared to Q1.

The average grade and recovery for September were 0.99% WO3 and 76%, respectively.

The average Metal Bulletin price for Ammonium Paratungstate during September was approximately US$243.69 per MTU, up US$5.46 from August (US$238.23).



Table 1: Comparison of calendar 2007 monthly production figures.
October 24,160 MTUs
November 16,574 MTUs
December 19,851 MTUs
Total Q1/07 60,585 MTUs

January 20,066 MTUs
February 24,472 MTUs
March 25,998 MTUs
Total Q2/07 70,536 MTUs (16% increase from Q1/07)

April 30,881 MTUs
May 26,554 MTUs
June 22,922 MTUs
Total Q3/07 80,357 MTUs (33% increase from Q1/07)

July 31,276 MTUs
August 21,954 MTUs
September 21,323 MTUs
Total Q4/07 74,553 MTUs (23% increase from Q1/07)

Total Fiscal 2007 286,031 MTUs


ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD.

The Company is a publicly listed Tier 1 Junior Resource Company engaged primarily in the operation, development, and acquisition of tungsten and other related mineral properties in Canada. The Company's 100% owned Cantung mine and Mactung development project make it one of the few tungsten producers with a strategic asset in the western world. Mactung is one of the world's largest known undeveloped high grade tungsten-skarn deposits.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen M. Leahy, Chairman & CEO

Cautionary Note

The Company relies upon litigation protection for "forward-looking" statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • North American Tungsten Corporation Ltd.
    Toni Williamson
    Investor Relations, Corporate/Business Development
    (604) 684-5300
    (604) 684-2992 (FAX)
    Email: ir@natungsten.com