SOURCE: Tungsten Corp.

Tungsten Corp.

June 18, 2013 09:00 ET

Tungsten Corp. Sampling Identifies New Target Prospects in Nevada

Company Finds New High Probability Mineralization at Cherry Creek Project

NEW YORK, NY--(Marketwired - Jun 18, 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 announce that the stream sediment, soil and rock sampling survey recently completed by Carlin Trend Mining Services Ltd. of Elko, NV, identified several areas that have elevated concentrations of tungsten within the Company's Claim Block at the Cherry Creek Tungsten Project in Nevada.

The identified areas will be subject to additional sampling in the next phase of field work that will begin shortly. The objective of the next phase will be to prospect up-stream and identify the source of the tungsten in the samples taken, where results returned concentrations above the 5 ppm economic threshold. Some of the more significant findings that will guide the work program in the next phase of field work are:

  • An area in the southeast quadrant of the Claim Block returned results ranging from 24.0 to 31.8 ppm tungsten. This very coherent anomaly, and its location in relation to a known up-stream source, leads the Company to believe that other significant mineralized zones will be found in this area.

  • On the eastern and western slopes of the Pinenut Canyon, in the southwest quadrant of the Claim Block, areas with no known tungsten prospects or old mines, returned results ranging from 9.0 to 11.8 ppm tungsten.

  • A fairly large basin in the east central section of the Claim Block, west and up-slope from known sources, with no known tungsten mineralization, returned a result of 7.1 ppm tungsten.

  • An area in the northwest quadrant of the Claim Block, with no known tungsten prospects or old mines, returned results ranging from 6.1 to 7.4 ppm tungsten.

Company President Guy Martin comments, "We are very encouraged by the results of the sampling survey, which have identified several new, previously undocumented areas with high anomalous tungsten concentration. The next phase of the work program will seek to identify these new sources of mineralization and expand the basis of our claim."

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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