North American Tungsten Corporation Ltd.

North American Tungsten Corporation Ltd.

March 16, 2005 11:21 ET

North American Tungsten Announces Increases Private Placement Offering From $6.25 Million To $8.25 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTH AMERICAN TUNGSTEN CORPORATION LTD.

TSX VENTURE SYMBOL: NTC

MARCH 16, 2005 - 11:21 ET

North American Tungsten Announces Increases Private
Placement Offering From $6.25 Million To $8.25 Million

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - NOT FOR
DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Further to North American Tungsten Corporation Ltd. (the "Company") (TSX
VENTURE:NTC) news release of this morning the Company has agreed to
increase the size of the Unit offering from 10,000,000 units at a price
of $0.50 per Unit to 14,000,000 units at a price of $0.50 per unit. Each
Unit will consist of one common share and one-half of one common share
purchase warrant. Each whole share purchase warrant will entitle the
holder to acquire a common share at a price of $0.60 for a period of two
years from closing.

All other terms remain the same. (see news release of March 16, 2005).

This press release, required by applicable Canadian securities law, is
not for distribution to U.S news services or for dissemination in the
United States, and does not constitute an offer of the securities
described herein. These securities have not been registered under the
United States Securities Act of 1933, as amended, or any state
securities laws, and may not be offered or sold in the United States or
to U.S. persons unless registered or exempt therefrom.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    North American Tungsten Corporation Ltd.
    Stephen M. Leahy
    Chairman & CEO
    (604) 684-5300 Operations Office
    (604) 684-2992 (FAX)
    (604) 682-1333 Corporate & Shareholder Communication Office
    FAX: (604) 682-1324
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.