SOURCE: Tungsten Corp.

Tungsten Corp.

April 22, 2013 09:00 ET

Tungsten Corp. Acquires Two Historically Productive Mining Properties in Nevada and Idaho

Company Launches Corporate Website Offering Detailed Overview of Recent Acquisitions

NEW YORK, NY--(Marketwired - Apr 22, 2013) - Tungsten Corp. (OTCQB: TUNG) ("Tungsten Corp." or the "Company"), an exploration stage company focused on the evaluation, acquisition and development of domestic tungsten mining opportunities, is pleased to advise it has launched its corporate website at www.tungsten-corp.com where additional details of its activities may be found.

The Company is further pleased to advise today that it has acquired options on 100% of the tungsten (WO3) mineral rights at two historically documented and productive locations in both Nevada and Idaho.

In Nevada, the Company has acquired option rights as regards 32 patented and unpatented mining claims prospective for tungsten mineralization in the Cherry Creek District, approximately 90 miles south of the town of Wells, in White Pine County, Nevada. The Cherry Creek Project encompasses approximately 2,300 acres within a 36 square mile area along the eastern slope of the Cherry Creek Range at a surface elevation of between 2,130 and 2,440 masl (meters above sea level).

Tungsten was discovered in the area in 1915, and the district produced about 100 units* of W03 during World War I. Except for a few units in 1937 the district yielded little tungsten until 1940-58 during which time about 30,000 units were produced with most sold to the US Government for stockpiling as commercial demand fell. Most of the ores were concentrated in a 50-ton gravity flotation plant about 1 mile west of the town of Cherry Creek. The tungsten mines of the district were idle from 1958 to about 1972, when a short period of renewed activity lasted until 1977 when overseas tungsten imports effectively shuttered national production.

The Company's flagship claim location is the TiCup ("Teacup") mine with documented historic tungsten (WO3) production of 24,589 units (1941-56, 1972-1977). Other historically productive mines within the claim area include; Big Giant - 183 units (1954), Chance - est. 300 units (1916, 1937, 1977), Gypsy Mine - 22 units (1954), Only Chance - 1,286 units (1952-57), Pine Nut - 1,000 units (1942, 1952-56), Scheelite King - 341 units (1954-56) and Shoestring Mine - est. 1,800 units (1916-18, 1951-54, 1977).

In related news, Tungsten Corp. has acquired an option for 100% of the tungsten mineral rights in an area known as the Wildhorse Mine property, located approximately 50 miles west of the town of Mackay, in Custer County, Idaho. In September 1954, a 40-ton mill was in operation processing tungsten ore from open-pit operations on three deposits known as Steep Climb, Hard to Find and Beaver, all within an area two miles long by three-quarters of a mile wide.

Development and production at the property continued through 1955 and in 1956 the site produced 28 tons of tungsten concentrate averaging 71 percent WO3. Total mine workings were one tunnel (200 feet long), two raises, and three open pits. Operations were discontinued due to falling prices and lack of commercial demand exhibited at the time.

Company President Guy Martin advises, "We are very pleased to commence our activities with the acquisition of these two historically notable and prospective locations that offer great opportunity for relatively rapid resumption of mining activity. Both locations are already serviced with roads, electricity and water, making them ideal prospects for re-entry and eventual renewal of commercial production. We aim to mobilize teams of geologists and mine engineers to both locations shortly in order to sample, assess and prepare work plans and budgets for the upcoming field season."

*NOTE: Tungsten prices in many instances are quoted in units of tungsten trioxide (WO3). The short ton unit, which is used in the United States, is 1% of a short ton (20 pounds), and WO3 is 79.3% tungsten. A short ton unit of WO3, therefore, equals 20 pounds of WO3 and contains 7.19 kilograms (kg) (15.86 pounds) of tungsten.

Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. Further information is available at www.tungsten-corp.com.

About Tungsten Corp. (OTCQB: TUNG)
Tungsten Corp. is a publicly traded exploration stage resource company focused on the exploration and development of tungsten deposits within the United States. Significant upturns in the value of tungsten over the past decade combined with increasingly restrictive practices from overseas producers have created an opportunity for renewed interest in domestic production for the first time in over 50 years. The Company aims to position itself as a leader in the proliferation of this emerging sector through the application of geological, geophysical and engineering expertise combined with skilled leadership in the areas of prudent financial and business development. For more information visit: www.tungsten-corp.com.

Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, references to options, historic production and activities, mineral grades and the development, costs and results of current or future actions and opportunities in the sector. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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