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NWT Uranium samples up to 0.64% U(3)O8 at North Rae

NWT Uranium Corp (C:NWT) Shares Issued 105,239,753Last Close 10/15/2007 $0.54Tuesday October 16 2007 - News Release

Mr. Marek Kreczmer reports

NWT CONFIRMS URANIUM OCCURRENCES AT NORTH RAE, QUEBEC

NWT Uranium Corp. has provided initial assay results from rock grab samples collected in July, 2007, during ground evaluation work at the North Rae uranium project in the Ungava Bay region of Northern Quebec, Canada. The results confirm uranium mineralization associated with previously identified high priority radioactive targets. NWT's exploration model focuses on high tonnage, near-surface uranium targets amenable to open-pit mining.

"Our ongoing work at North Rae has confirmed the presence of uranium, providing further evidence of the area's potential to host a new uranium district," said Marek J. Kreczmer, president and chief executive officer of NWT Uranium. "While our work to date has returned some high-grade uranium values of up to 0.64 per cent U(3)O8 from rock grab samples, we are particularly encouraged by the fact that a significant number of these results fall in the range of known deposits in Namibia. This same type of large, near-surface deposit with potential to be recovered by low-cost bulk mining methods is exactly what we are targeting at North Rae."

Initial rock sample results

Assay results from 234 widely spaced surface rock grab samples collected at the Tasialuk, Tasik, Jonas, Aqpiq, Ilaluga, 46, Rae-1 (Amittujaq) and Torrent zones and adjacent areas reveal values of up to 0.64 per cent U(3)O8. Of these 234 samples, a total of 78 returned values over 0.012 per cent U(3)O8 (100 parts per million (ppm) uranium). All samples are widely spaced, which underscores the regional nature of the mineralized system.

At Tasialuk, 27 of 108 samples reveal uranium values over 0.012 per cent U(3)O8, including a proximal boulder that returned a value of 0.192 per cent U(3)O8 and a grab sample that returned 0.09 per cent U(3)O8. The zone covers a total length of 2,624 feet (800 metres).

Assay results from the Tasik zone reveal values of up to 0.151 per cent U(3)O8. Of these 64 samples, a total of 17 returned values over 0.012 per cent U(3)O8. The 17 samples cover a 2,624-foot (800-metre) area.

At Jonas, four of seven samples returned uranium values over 0.012 per cent U(3)O8, including two samples that returned 0.64 per cent and 0.27 per cent U(3)O8 respectively. The four samples are distributed over a total length of 820 feet (250 metres). At Aqpiq, one of two grab samples returned a value of 0.113 per cent U(3)O8.

Samples from the Ilaluga zone were also evaluated, with seven of 16 samples returning values above 0.012 per cent U(3)O8, including one sample that returned 0.035 per cent U(3)O8. The seven samples are distributed over a total length of 4,068 feet (1,240 metres). At zone 46, one of two grab samples returned a value of 0.05 per cent U(3)O8.

Ten of 11 samples from the Rae-1 (Amittujaq) zone recorded values over 0.012 per cent U(3)O8, with four samples returning 0.218 per cent, 0.195 per cent, 0.094 per cent and 0.093 per cent U(3)O8 respectively. The 10 samples cover a total length of 7,873 feet (2,400 metres).

At Torrent, 10 of 18 samples returned uranium values above 0.012 per cent U(3)O8, including one sample that returned 0.1 per cent U(3)O8. The 10 samples are distributed over a total length of 2,700 feet (822 metres).

In these eight zones, uranium values are related to pegmatitic dikes as individual dikes or dike swarms in contact with gneissic rocks (sulphide-bearing paragneiss, granitic gneiss). The dikes are subhorizontal and subvertical to steeply dipping. Yellow minerals, likely resulting from the superficial alteration of primary uranium-bearing minerals, have been observed on four of these zones. A map showing the location of the eight zones will be made available on the NWT Uranium website.

The attached table provides details of samples that returned values above 0.018 per cent U(3)O8 (150 ppm uranium).



Sample Uranium U3O8 U3O8

ID ppm ppm %



592-9437 5410 6378 0.638

592-9438 2290 2700 0.270

592-9224 1850 2181 0.218

592-9223 1650 1945 0.195

592-9303 1630 1922 0.192

592-9026 1280 1509 0.151

592-9102 958 1129 0.113

592-9426 896 1056 0.106

592-9120 796 938 0.094

592-9412 791 933 0.093

592-9110 745 878 0.088

592-9101 726 856 0.086

592-9420 672 792 0.079

592-9363 662 780 0.078

592-9221 620 731 0.073

592-9051 560 660 0.066

592-9222 502 592 0.059

592-9353 478 564 0.056

592-9119 462 545 0.054

592-9089 444 523 0.052

592-9427 434 512 0.051

592-9350 426 502 0.050

592-9430 380 448 0.045

592-9028 377 444 0.044

592-9007 305 360 0.036

592-9153 301 355 0.035

592-9368 299 353 0.035

592-9429 287 338 0.034

592-9568 278 328 0.033

592-9094 249 294 0.029

592-9431 247 291 0.029

592-9413 241 284 0.028

592-9400 238 281 0.028

592-9048 231 272 0.027

592-9208 223 263 0.026

592-9004 221 261 0.026

592-9367 220 259 0.026

592-9100 216 255 0.025

592-9300 211 249 0.025

592-9528 207 244 0.024

592-9112 195 230 0.023

592-9311 195 230 0.023

592-9040 194 229 0.023

592-9111 190 224 0.022

592-9019 187 220 0.022

592-9411 178 210 0.021

592-9158 176 208 0.021

592-9044 173 204 0.020

592-9324 170 200 0.020

592-9047 169 199 0.020

592-9366 169 199 0.020

592-9570 164 193 0.019

592-9053 157 185 0.019

592-9081 154 182 0.018

592-9045 153 180 0.018

592-9090 150 177 0.018

592-9118 150 177 0.018

592-9325 150 177 0.018

Additional rock sample results from the 2007 ground exploration program will be announced as they are received and compiled.

Some of the assays returned were below the detection limits of the analytical techniques used to analyze samples. Six samples were collected in areas adjacent to the zones listed above.

In total, eight NQ diamond drill holes covering 1,843 feet (562 metres) were completed before the early onset of winter conditions in the Ungava Bay region. The program was concluded for the season in the first week of October, more than one month earlier than NWT had originally scheduled, because of adverse weather conditions. It is also unsafe for NWT's helicopter pilots to fly in this weather, which makes it impossible to move the drill from location to location.

Sites tested in this initial phase of drilling include recently identified radioactive targets and other high priority areas in three zones -- Tasik, Tasialuk and Jonas. The aim of the program was to test uranium spectrometric anomalies, yellow alteration mineral occurrences and areas that have returned anomalous uranium values. Drilling was being conducted by Forage a Diamant Benoit Ltee of Val d'Or, Que.

NWT has the right to earn up to 65-per-cent ownership of North Rae from Azimut Exploration Inc., as announced in Stockwatch on March 6, 2006.

Quality assurance

Grab samples from all zones, collected during 2007 ground evaluation, were submitted to Saskatchewan Research Council of Saskatoon for analysis using aqua regia partial digestion followed by ICP. Industry standard quality control/quality assurance protocols have been implemented, including insertion of certified reference material for drill core samples.

Rejean Girard, PGeo, of IOS Services Geoscientifiques Inc. based in Chicoutimi, Que., who is a qualified person (QP) as defined in National Instrument 43-101, is responsible for the current exploration program at North Rae and has verified the data reported above. Mr. Girard is a consultant to NWT Uranium and has sufficient experience relevant to the style of mineralization and type of deposits under consideration and to the activity which he is undertaking to act as a qualified person for the purposes of the geological section of this press release. Mr. Girard has no interest in NWT Uranium and has consented to the inclusion in this press release of his name in the form and context in which it appears.

© 2007 Canjex Publishing Ltd.