SOURCE: Tungsten Corp.

Tungsten Corp.

April 12, 2013 09:25 ET

Tungsten Corp. Closes Asset Exchange Agreement and Financing Transaction

Company Begins Exploration & Development of Rare Earth Minerals in America

NEW YORK, NY--(Marketwired - Apr 12, 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 that effective April 10, 2013 a form 8K filing was submitted to, and accepted by the Securities and Exchange Commission ("SEC") as an accurate and detailed summary of the Company's corporate activities to-date.

As of April 8, 2013, the Company had closed a voluntary exchange transaction agreement with Nevada Tungsten Holdings Ltd. pursuant to which, the Company acquired all of the issued and outstanding shares of Nevada Tungsten Holdings Ltd common stock thereby acquiring an option on certain domestic mineral rights in regards to a number of patented and unpatented mining claims prospective for tungsten mineralization.

In related news, on April 8, 2013 and also concurrently with the closing of the Transaction, the Company closed a private placement for a total of $500,000 to be used for development purposes.

Company President Guy Martin states, "With the completion of our initial transactions, we are moving rapidly ahead in order to execute our strategic plan to participate in the revitalization of a domestic tungsten mining sector. With significantly improved mineral value over the past decade combined with restrictive practices by overseas producers, we believe there is solid business case and potential for the growth of the sector in America today."

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. Additional information will be available shortly at www.tungsten-corp.com.

About Tungsten Corp. (OTCQB: TUNG)
Tungsten Corp. is a publicly traded resource exploration stage 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 plan on visiting our upcoming website at; www.tungsten-corp.com.

Note Regarding Forward-Looking Statements
This release contains forward-looking statements that reflect the Company's plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

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