North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

May 01, 2007 09:30 ET

North American Tungsten Announces a Record April Production Month Producing Over 30,000 MTU's of Tungsten Concentrate & Update on APT Production at Tundra JV

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 1, 2007) -

HIGHLIGHTS:

- APRIL CANTUNG PRODUCTION FIGURES 20% UP FROM PREVIOUS MONTH

- FIRST SALE OF APT FROM TUNDRA JV PILOT PLANT

- ENHANCED FINAL APT PRODUCT EXCEEDING EXPECTATIONS FOR TRACE LEVEL IMPURITIES

CANTUNG MINE

North American Tungsten Corporation Ltd. (the "Company" or "NATC") (TSX VENTURE:NTC) is pleased to announce that during the month of April 2007 the Company's Cantung Mine produced in excess of 30,000 metric tonne units (MTU's) of tungsten concentrate (WO3); approximately 5,000 MTU's or approximately 20% more than in the previous month (see figure). The average grade for the month of April was 1.35% WO3 with an average recovery of 77.7%.

The average Metal Bulletin price for Ammonium Paratungstate during April was approximately US $260 per MTU.

NOTE: To view "2007 Monthly Production Figures", please click the following link: http://www.ccnmatthews.com/docs/ntc0501.pdf

TUNDRA JOINT VENTURE

The Company is pleased to report the first sale of Ammonium paratungstate ("APT") from its Tundra JV pilot plant, located in White Bear Lake Minnesota. The pilot plant, which started test production in late 2006, requires additional testing and evaluation at a continuous plant operational level, before a commercial decision can be made. Mechanical issues have been experienced and are being or have been, operationally addressed. The APT produced however, has exceeded expectations for trace level impurities, thus providing an enhanced final APT product. Additional information concerning the Tundra JV including the status of government incentives will be released as they become available.

About North American Tungsten Corporation Ltd.

North American Tungsten Corporation Ltd. is a publicly listed Tier 1 junior resource company engaged primarily in the acquisition, exploration, development, and operation of Tungsten and other related mineral properties in the Northwest Territories and Yukon Territory. The Company is currently in production at the Cantung Mine and owns 100% of the Mactung project, which borders the Yukon and Northwest Territories, Canada. The Cantung Mine has a 43-101 compliant indicated resources of approximately 3 M tons grading at 1.21 % WO3 (3.5 M STU'S); 734,000 tons of inferred resources grading at 0.74 %WO3 (543,000 STU's); and approximately 1 M tons of probable reserves grading at 1.17 %WO3 (1.2 M STU'S). The Mactung Project is 43-101 compliant, with an indicated (33 M tones grading at 0.88% WO3) and inferred mineral resource estimate (11.3 M tones grading at 0.78% WO3) confirming that it is the largest undeveloped high grade tungsten-skarn deposit in the world.

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
    Website: www.natungsten.com