North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

April 12, 2007 08:00 ET

North American Tungsten Corporation Ltd. Announces $4.8 Million Received From the Exercise of Warrants and Brokers Option

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - North American Tungsten Corporation Ltd. ("NTC" or the "Company") (TSX VENTURE:NTC) is pleased to announce that it has received $4,836,799 from the exercise of the remaining warrants and broker options that were outstanding.

In detail, there were 7,793,833 share purchase warrants at $0.60, 82,500 broker units at $0.50 and 198,750 broker warrants at $0.60. All warrants and options were pursuant to the Company's brokered private placement of April 2005.

Subsequently the Company now has 114,414,985 shares issued and outstanding.

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 related mineral properties in the Northwest Territories and Yukon Territory, Canada. The Company is currently in production at the Cantung Mine and owns the Mactung Project, 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

  • North American Tungsten Corporation Ltd.
    Stephen Leahy
    Chairman & CEO
    (604) 684-5300
    (604) 684-2992 (FAX)
    Website: www.natungsten.com