North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

August 29, 2007 08:30 ET

North American Tungsten Releases June 30, 2007 Third Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2007) - Mr. Stephen Leahy, Chairman and CEO, is pleased to announce the release of the North American Tungsten Corporation Ltd. (the "Company") (TSX VENTURE:NTC) June 30, 2007, third quarter financial results.

THIRD QUARTER HIGHLIGHTS

- Production of 80,357 Metric Tonne Units (MTUs) - an increase of 33% and 14% from Q1 and Q2, respectively.

- Revenues increased to $17.6 million in Q3 from $13.9 million in Q2.

- Operating cash flows (before working capital changes) increased to $3.4 million in Q3 from $0.7 million in Q2.

- Significantly Higher Earnings - to $2.6 million in Q3 from $11,000 in Q2.

- Improved Mill Recovery - to 77% in Q3, increased from 72% in Q2.

- Net financing proceeds of $9.4 million.

The third quarter financials were filed on SEDAR for public access and may also be accessed from the Company's website www.natungsten.com.

TELECONFERENCE / WEBCAST DETAILS

North American Tungsten will hold a teleconference/webcast for shareholders and financial analysts to discuss its June 30, 2007 third quarter financial results on Thursday, August 30, 2007, at 1:30 pm PT / 4:30 pm ET.

North America: 1-866-500-7714

All Other Countries: 1-416-849-2693 (please consult your local operator if you have difficulties)

To access the live webcast on the Company's website (audio only), go to www.natungsten.com and follow instructions. The conference will be archived on the website for one week.

ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD.

The Company is a publicly listed Tier 1 Junior Resource Company primarily engaged 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 development 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

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.

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