North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

October 31, 2007 14:12 ET

North American Tungsten Named Business BC's Fastest Growing Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) -

HIGHLIGHTS:

- North American Tungsten ranked No. 1 on Vancouver Sun's list of fastest growing companies.

- CEO elected to executive committee of International Tungsten Industry Association (ITIA).

North American Tungsten Corporation Ltd. (the "Company") is pleased to announce that they have been ranked number 1 in the Vancouver Sun's Top 50 Fastest-Growing publicly traded B.C. firms. This is the fifth year of this prestigious awards event.

Business BC's 2007 Top 100 was four months in the making, with experts at accounting firm Ernst & Young LLP compiling a list of 520 B.C.-based companies, then sorting through them to find the top performers.

Ernst & Young's efforts figure out two things: Which among the firms are the Strongest, and which are the Fastest-Growing. Together, they help paint a picture of a dynamic British Columbia economy with a lot of venturers and many risk-takers.

Mr. Leahy, CEO and Chairman, stated: "This is a significant accomplishment for our Company and a testament to the incredible efforts of all our personnel. In addition, our shareholders and our financing partners are to be congratulated on their steadfast belief in our vision."

Links are provided below for the relevant articles (please copy and paste the URLs into a new browser):

No 1 North American Tungsten - Strength in Mining (www.canada.com/vancouversun/features/businessbc/story.html?id=c09b3430-9cd0-4961-b7f6-3dd907b1a010&k=35277)

Business BC Top 100 Strongest and Fastest growing companies (www.canada.com/vancouversun/features/businessbc/index.html)

Top 100 Methodology (www.canada.com/vancouversun/features/businessbc/story.html?id=a82910c4-2e7b-4dcf-b36e-431052ebca4b)

The Company is also pleased to announce that Mr. Stephen Leahy, CEO and Chairman, has been elected to the executive committee of the International Tungsten Industry Association ("ITIA") based in Brussels. Mr. Leahy was nominated for his dedication, persistence, commitment and knowledge of the tungsten industry.

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.

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