North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

August 02, 2006 08:00 ET

North American Tungsten Addresses Concerns at Cantung Mine Site

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2006) - North American Tungsten Corporation Ltd. (the "Company") (TSX VENTURE:NTC), wishes to advise that it's 100% owned Cantung Mine is in full production and that operations were not affected by the recent Direction to cease mining and milling operations, received last week from Indian and Northern Affairs Canada ("INAC"), who expressed concerns about the stability of Tailings Pond #3, seepage from Pond #4 and mine water discharge. The Company was assured that operations were to continue and a formal variance of the direction was issued on July 28, 2006.

The Company has addressed the issues in question, including engaging an independent Geotechnical Engineer from EBA Engineering Consultants Ltd. for the structural audit of the Company's Tailing Ponds. The Consultants, after a detailed physical inspection stated in a letter dated August 1, 2006 that both ponds (Tailing Pond # 3 and Pond #4) are stable in their present condition, show no signs of instability and are considered capable of handling their respective design capabilities at full operating levels.

The Company's position is that the water levels in Ponds 3 and 4 are within the guidelines as set out in its Water License, and that the structural integrity of the Ponds are intact.

The Company further reports that it is has requested a review by the Mackenzie Valley Land and Water Board of the Direction received from INAC.

North American Tungsten Corporation Ltd. is a publicly listed junior resource Company engaged primarily in the acquisition, exploration, development and operation of Tungsten and related mineral properties in the Northwest Territories and Yukon Territory. The Company is currently in production at the Cantung Mine and owns the Mactung deposit, which borders the Yukon Territory and Northwest Territories.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen M. Leahy, Chairman & CEO

WARNING: 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

  • Brisco Capital
    Gordon Aldcorn
    Investor Contact
    (403) 262-9888
    (403) 263-1339 (FAX)
    www.natungsten.com