Alt 19-11-2007, 21:29   #301
Mustang
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Übernahme Angebot für NWT von NU-MEX URANIUM COR.
Wenn ich richtig gerechnet habe liegt das ungefähr beim Höchstkurs was für NWT mal bezahlt werden muste an der Börse. In meinen Augen einfach zu wenig nach der Meldung von heute!

Leider zu lange um hier zu posten daher nur Link zu der Meldung!

Mitteilung von NWT
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Alt 10-12-2007, 19:18   #302
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Transmitted by CNW Group on : December 10, 2007 12:22
NWT Uranium completes drill program in Mexico

TORONTO, Dec. 10 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is
pleased to announce the successful completion of its first drill program at
the 19,000-acre (7,700-hectare) Picachos project in Durango, Mexico. In total,
21 reverse circulation (RC) holes were drilled covering 10,254 feet
(3,125.5 meters) and samples have been shipped to Acme Analytical Laboratories
for analysis. Drilling at Los Cochis tested the El Fresno target, which is
characterized by high silver geochemistry on surface. Specifically, rock
chip-channel and grab samples returned individual values of up to 145 ounces
per ton (4,975 grams per tonne) silver, 0.25 oz/t (8.61 g/t) gold, 53% zinc as
well as 50% lead.
"Based on visual logging and on-site hand-held instrument X-ray analysis
of the drill samples, 18 of 21 holes contain zinc and silver mineralization,"
said Marek J. Kreczmer, President and CEO of NWT Uranium. "Mineralization
occurs as veins and disseminations in propylitic altered andesitic rocks of
the Lower Volcanic Group. While higher-grade intervals of mineralization
related to veining were intercepted in several holes, NWT is particularly
excited about the possibility that wider intervals of disseminated
mineralization may carry enough silver, gold, lead and zinc for a
large-tonnage, open pit mine."
In total, 2,050 samples were collected from the 21 holes. The samples
have been shipped to Acme Analytical Laboratories in Guadalajara for
multi-element and gold analysis. Analyses and findings will be reported upon
receipt and compilation of results. Drilling was conducted by Layne de Mexico
SA.
The El Fresno target is characterized by high silver geochemistry in a
2,625-foot by 1,640-foot (800-meter by 500-meter) area. Results from previous
exploration work included 157 feet (48 meters) of 1.6 oz/t (56 g/t) silver,
0.4% lead and 1.2% zinc (average result of 34 continuous chip-channel samples
across mainly disseminated mineralization).
NWT has an option to earn a 70% interest in Picachos from Yamana Gold as
announced in a press release dated July 12, 2006.

Quality Assurance

Sampling was supervised by Michelle Robinson, MASc., PEng, who is a
qualified person as defined by National Instrument 43-101 and a consultant to
NWT Uranium. Ms. Robinson has supervised the preparation of and verified all
data in this press release. Samples will be assayed by Acme Analytical
Laboratories using ICP-MS methods. Anomalous values will be re-assayed using
the FA 30 method. Approximately 150 samples will be submitted to a different
laboratory for confirmation.

ABOUT NWT URANIUM:

NWT Uranium Corp. (www.nwturanium.com) is an international resource
exploration company with an experienced, highly technical management team.
Since its inception, NWT has concentrated on the acquisition of properties
with potential uranium targets. NWT Uranium is listed on the NASD Bulletin
Board under the symbol "NWURF" and the TSX Venture Exchange under the symbol
"NWT."

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.

This news release includes certain "forward looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of
1995. Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company
are forward looking statements that involve various degrees of risk. The
following are important factors that could cause the Company's actual results
to differ materially from those expressed or implied by such forward looking
statements: changes in the worldwide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks associated
with development, construction and mining operations, the uncertainty of
future profitability and the uncertainty of access to additional capital.

Some of the assays returned were below the detection limits of the
analytical techniques used to analyze samples.

Potential quantity and grade is conceptual in nature. There has not been
sufficient exploration at Picachos to define a mineral resource and it is
uncertain if further exploration will result in discovery of a mineral
resource on the property.




-30-

/For further information: Marek J. Kreczmer, M.Sc., P.Eng., President and
CEO, NWT Uranium Corp., (866) 437-9551, info@nwturanium.com/
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Alt 13-12-2007, 15:53   #303
SergioHH
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NWT Uranium updates shareholders on letter agreement for a business combination

NWT Uranium updates shareholders on letter agreement for a business combination with Nu-Mex

2007-12-13 09:30 ET - News Release

TORONTO, Dec. 13 /PRNewswire-FirstCall/ - NWT Uranium Corp. is pleased to provide its shareholders with additional details regarding its previously announced letter agreement with Nu-Mex Uranium Corp. .

As described in a press release issued on November 19, 2007, NWT Uranium, with uranium properties in northern Quebec, and Nu-Mex with uranium properties in New Mexico, have signed a letter agreement pursuant to which Nu-Mex has agreed to acquire the issued and outstanding shares of NWT.

"We believe that this transaction will be of great benefit to NWT Uranium and its shareholders," said Marek J. Kreczmer, President and CEO of NWT Uranium. "Nu-Mex has the ability to earn a majority interest in two highly prospective uranium properties and it was these potential assets that drew us to the combination.

Nose Rock and Dalton Pass

Nu-Mex currently has the option to acquire a 65% interest in each of two highly prospective uranium properties, called Nose Rock and Dalton Pass, in New Mexico from Strathmore Minerals Corp.

Significant work has been done by previous operators on both properties. No qualified person has done sufficient recent work to classify the historical estimates under National Instrument ("NI") 43-101.

Located within New Mexico's Grants Mineral Belt, Nose Rock covers 5,000 acres (2,023 hectares). In February, 1977, a feasibility study was completed based on more than 470 holes drilled by Phillips (now Conoco-Phillips), which owned and explored the property in the late 1970s and early 1980s. The study was produced by Morrison Knutson, renowned for its work on the Alaska Pipeline, Hoover Dam and Oakland Bay Bridge. There is also a partially developed shaft on the property, which will aid in exploration and development work.

Also located in New Mexico, the Dalton Pass property covers a total area of 640 acres. A previous operator, Pathfinder Mining Company (a subsidiary of nuclear giant Areva), drilled over 130 holes.

NWT Uranium's properties, which will be held by the combined company, include North Rae and Daniel Lake, exploration-stage properties in Quebec where the original results suggest a large potential resource. NWT's Picachos property in Mexico is a highly prospective silver-gold project where exploration drilling is ongoing. NWT also holds nearly 32,000,000 shares in Niger Uranium Limited (www.niger-uranium.com) listed on AIM Exchange in London, a company that holds several properties in the African republic of Niger.

A powerful new uranium player

According to the terms of the letter agreement, Nu-Mex will acquire NWT Uranium on a three-for-one basis - that is, three shares of NWT will be exchanged for one share of Nu-Mex. As part of the transaction, Nu-Mex will arrange a financing of between $10 million and $25 million. The two companies must enter a definitive agreement by December 20, 2007, and Nu-Mex must deliver a NI 43-101 compliant technical report for its Nose Rock property. In addition, it is a condition that Nu-Mex shares will be listed on a Canadian exchange.

The definitive agreement is subject to approval by NWT Uranium shareholders, the Ontario Court of Superior Justice and the TSX Venture Exchange, and requires a favorable fairness opinion. If these approvals are received, the combined company will have a cash position of between $24 million and $40 million, without giving effect to expenditures to be made, which includes NWT's current $14 million cash position and the $10 million to $25 million financing, which is being raised as part of the transaction.

Nu-Mex currently has approximately 33 million shares outstanding. NWT Uranium has approximately 108 million shares outstanding. According to the valuation of three NWT Uranium shares to one Nu-Mex share, NWT Uranium's shares will consolidate to approximately 36 million shares. This will give the combined company a total of approximately 70 million shares, without giving effect to the shares to be issued as part of the financing.

Complementary experience

Mr. Kreczmer will lead the combined company, helping to ensure that NWT Uranium's shareholders are well served by the acquisition.

Nu-Mex executives bring extensive complementary experience in uranium exploration, extraction and marketing. Richard Cherry, a Nu-Mex director, is a veteran executive of the nuclear industry. He has worked for leading companies in the areas of uranium mining, production, conversion, marketing and power generation for over 34 years. Ganpat Mani, also a Nu-Mex director, is an experienced marketing executive with strong skills in negotiating long-term multi-million-dollar contracts with major private and state-owned corporations.

William D. Thomas, currently the Chief Financial Officer (CFO) of NWT Uranium, will become CFO of the combined company. Mr. Thomas is a chartered accountant with over 30 years of financial and management experience in international oil & gas as well as mining ventures, including assignments in China, the UK, Canada and the United States.

ABOUT NWT URANIUM:

NWT Uranium Corp. (www.nwturanium.com) is an international resource exploration company with an experienced, highly technical management team. Since its inception, NWT has concentrated on the acquisition of properties with potential uranium targets. NWT Uranium is listed on the NASD Bulletin Board under the symbol "NWURF" and the TSX Venture Exchange under the symbol "NWT."

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this news release.

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the worldwide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

Potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource on the North Rae Uranium Project and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

NWT Uranium Corp.
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Alt 21-12-2007, 09:33   #304
SergioHH
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NWT- Übernahme geht voran

... und der Kurs macht mit! Mir ist ganz weihnachtlich!

21.12.2007 02:25
Nu-Mex Uranium Corp. and NWT Uranium Corp. Enter Into an Arrangement Agreement

ALBUQUERQUE, N.M. and VANCOUVER, British Columbia, Dec. 20 /PRNewswire-FirstCall/ -- Nu-Mex Uranium Corp. (News) (BULLETIN BOARD: NUMX) ("Nu-Mex") and NWT Uranium Corp. (News) (BULLETIN BOARD: NWURF) ("NWT") announced today they have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which Nu-Mex will acquire 100% of the securities of NWT through a court-approved plan of arrangement (the "Arrangement").

The Board of Directors of NWT, based in part on the recommendation of the Independent Committee of Directors, has unanimously recommended that NWT shareholders vote in favour of the Arrangement. The NWT Board has also received an opinion from its financial advisor, Evans&Evans, Inc., that the consideration to be received by NWT shareholders is fair from a financial point of view.

The acquisition will be completed by way of a court-approved plan of arrangement whereby each NWT common share will be exchanged for 0.40 of a Nu-Mex common share. Any outstanding options and warrants to acquire common shares of NWT will be exchanged for analogous options and warrants to acquire common shares of Nu-Mex at the same exchange ratio.

There are currently 35,625,000 Nu-Mex common shares outstanding and 106,031,342 NWT common shares outstanding. Should the proposed Arrangement be completed and Nu-Mex acquires 100% of the NWT common shares, current Nu-Mex shareholders would own approximately 46% of Nu-Mex and current NWT shareholders would own approximately 54% of Nu-Mex (assuming that after the date hereof there would not be any additional common share issuances by either party, and not including any common shares issued in connection with the financing by Nu-Mex referred to below).

The Arrangement Agreement includes mutual customary non-solicitation covenants on NWT and Nu-Mex but provides each party with the ability to respond to unsolicited proposals in accordance with the terms of the Arrangement Agreement. In the event that the Arrangement Agreement is terminated and either party accepts a superior proposal, the Arrangement Agreement imposes a termination fee of cash equal to the greater of: (i) $5,000,000; and (ii) 2% of the market capitalization of NWT.

The completion of the Arrangement is subject to a number of customary conditions precedent, including that the Arrangement be approved by 66 2/3% of the votes cast by NWT shareholders present in person or by proxy at the special meeting, and the approval of the Arrangement by the Superior Court of Justice of Ontario. The proposed transaction is also subject to Nu-Mex arranging a financing at a minimum price of US$4.00 per common share for gross proceeds of not less than US$25,000,000. In addition, the Arrangement is subject to common shares of Nu-Mex to be issued pursuant to the Arrangement being listed on the Toronto Stock Exchange or the TSX Venture Exchange.

The Arrangement Agreement provides that, subject to the terms therein, the special meeting of NWT shareholders to approve the Arrangement be held as soon as reasonably practicable, and in any event, no later than April 28, 2008. The management information circular for the special meeting of NWT shareholders will be mailed to NWT shareholders and be available at the SEDAR website at http://www.sedar.com/. All securityholders are urged to read the management proxy circular once it is available.

ABOUT NWT URANIUM CORP:

NWT Uranium Corp is an international resource exploration company with an experienced, highly technical management team. Since its inception, NWT has concentrated on the acquisition of properties with potential uranium targets.

For further information see: http://www.nwturanium.com/ Symbol: OTCBB -- NWURF; TSX Venture -- NWT

Contact person: Marek J. Kreczmer, M.Sc., P.Eng., President and CEO, NWT Uranium Corp., (866) 437-9551; info@nwturanium.com.

ABOUT NU-MEX URANIUM CORP:

Nu-Mex Uranium Corp. is an exploration stage uranium mining company with corporate offices in London, England, and operational offices in New Mexico, USA. Its foundational assets are located in the southwest United States. Nu-Mex is focused on uranium resources that can be brought to near-term production.

For further information see: http://www.nu-mexuranium.com/ Symbol: OTCBB -- NUMX; Frankfurt AN4, WKN NO.A0MUN4.
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Alt 21-12-2007, 16:21   #305
nrj
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Beiträge: 641
Übernahme auf deutsch

also die Pressemitteilung auf deutsch mein ich natürlich

NWT URANIUM CORP. UND NU-MEX URANIUM CORP. SCHLIESSEN ARRANGEMENT-VERTRAG
AB

ALBUQUERQUE, NM / VANCOUVER, BC / 20. Dezember 2007 ˆ Nu-Mex Uranium Corp.
('Nu-Mex') und NWT Uranium Corp. ('NWT') haben heute bekannt gegeben, dass
sie einen Arrangement-Vertrag (der 'Arrangement-Vertrag') abgeschlossen
haben, gemäß dem Nu-Mex 100 % der Wertpapiere von NWT über einen
gerichtlich genehmigten 'Plan of Arrangement' (das 'Arrangement') erwirbt.

Der Vorstand von NWT hat, teilweise auf Grundlage der Empfehlung des
Independent Committee of Directors, einstimmig empfohlen, dass
NWT-Aktionäre zugunsten dieses Arrangements stimmen. Der Vorstand von NWT
hat außerdem eine Meinung von seinem Finanzberatungsunternehmen Evans &
Evans, Inc., erhalten, die darlegt, dass die den NWT-Aktionären gezahlte
Gegenleistung aus finanzieller Sicht fair sei.

Der Erwerb wird durch einen gerichtlich genehmigten 'Plan of Arrangement'
abgeschlossen, wobei jede Stammaktie von NWT gegen 0,40 Stammaktien von
Nu-Mex getauscht wird. Jedwede ausgegebene Optionen und Zertifikate zum
Erwerb von Stammaktien von NWT werden im gleichen Verhältnis gegen analoge
Optionen und Zertifikate zum Erwerb von Stammaktien von Nu-Mex getauscht.

Es sind gegenwärtig 35.625.000 Stammaktien von Nu-Mex und 106.031.342
Stammaktien von NWT ausgegeben. Wenn das beabsichtigte Arrangement
abgeschlossen ist und Nu-Mex 100 % der Stammaktien von NWT erwirbt, dann
würden die gegenwärtigen Aktionäre von Nu-Mex ca. 46 % von Nu-Mex besitzen
und die gegenwärtigen Aktionäre von NWT würden ca. 54 % von Nu-Mex besitzen
(unter der Annahme, dass nach dem heutigen Datum keine weitere
Aktienausgabe durch eine der Parteien erfolgt, und ohne Berücksichtigung
jedweder Stammaktien, die in Zusammenhang mit der nachfolgend dargelegten
Finanzierung durch Nu-Mex ausgegeben werden).

Der Arrangement-Vertrag umfasst die üblichen gemeinsamen Verbote zum
Einholen von Angeboten für NWT und Nu-Mex, gewährt jedoch jeder Partei die
Möglichkeit, auf unaufgeforderte Angebote in Übereinstimmung mit den
Bedingungen des Arrangement-Vertrages zu antworten. Falls der
Arrangement-Vertrag gekündigt wird und jede Partei ein besseres Angebot
annimmt, dann gilt für den Arrangement-Vertrag eine Kündigungsgebühr in bar
und in Höhe des höher ausfallenden Betrages von: (i) $5.000.000, oder (ii)
2 % der Marktkapitalisierung von NWT.

Der Abschluss des Arrangements unterliegt einer Reihe von üblichen
Vorbedingungen, einschließlich der Bedingung, dass das Arrangement durch 66
2/3 % der Stimmen, die von den persönlich anwesenden oder durch einen
Vertreter vertretenen Aktionären von NWT bei der außerordentlichen
Versammlung abgegeben wurden, genehmigt wurde, und einschließlich der
Genehmigung des Arrangements durch den Superior Court of Justice von
Ontario. Die beabsichtigte Transaktion unterliegt auch der Bedingung, dass
Nu-Mex eine Finanzierung zu einem Mindestpreis von US$4,00 pro Stammaktie
für einen Bruttoertrag von mindestens US$25.000.000 ermöglicht. Zusätzlich
unterliegt das Arrangement auch der Bedingung, dass die Stammaktien von
Nu-Mex, die gemäß dem Arrangement auszugeben sind, an der Toronto Stock
Exchange oder der TSX Venture Exchange gelistet sind.

Der Arrangement-Vertrag beinhaltet, dass, vorbehaltlich der darin
enthaltenen Bedingungen, die außerordentliche Versammlung der Aktionäre von
NWT mit dem Ziel der Genehmigung des Arrangement so schnell wie angemessen
möglich abzuhalten ist, jedoch spätestens am 28. April 2008. Das
Informationsrundschreiben des Managements zu dieser außerordentlichen
Versammlung der Aktionäre von NWT wird allen Aktionären von NWT zugestellt
und ist auf der Website von SEDAR unter www.sedar.com verfügbar. Alle
Inhaber eines Wertpapiers sind angehalten, das
Bevollmächtigungsrundschreiben des Managements zu lesen, sobald dieses
verfügbar ist.

ÜBER NWT URANIUM CORP:
NWT Uranium Corp. ist ein internationales
Ressourcen-Explorationsunternehmen mit einem erfahrenen und hoch
qualifizierten Managementteam. Seit seiner Gründung konzentriert sich das
Unternehmen auf den Erwerb von Grundstücken mit potenziellen Uranzielen.
Für weitere Informationen: www.nwturanium.com
Symbol: WKN A0MYD8, ISIN CA62948B1004
Kontaktperson: Marek J. Kreczmer, M.Sc., P.Eng., President and CEO, NWT
Uranium Corp., +49 (0) 40 41 33 09 50; info@nwturanium.com

ÜBER NU-MEX URANIUM CORP:
Nu-Mex Uranium Corp. ist ein internationales Uran-Bergbau-Unternehmen mit
Büros in London und Betriebsniederlassungen in New Mexico in den USA. Die
Gründungsprojekte des Unternehmens liegen im Südwesten der USA. Der
Schwerpunkt des Unternehmens ist die Entwicklung von Uran-Vorkommen, die in
naher Zukunft gefördert werden können.
Für weitere Informationen: www.nu-mexuranium.com
Symbol: OTCBB ˆ NUMX; Frankfurt AN4, WKN NO. A0MUN4.
Kontaktperson: D. Bruce Horton, President and CEO, Nu-Mex Uranium Corp.,
(505) 842-5537
Kontakt Nordamerika: Investor Relations Tel.: 866-676-0153
Kontakt Europa: Investor Relations Tel.: +44-20-7665-1646
'SAFE HARBOR'-ERKLÄRUNG:
Diese Pressemitteilung enthält 'zukunftsgerichtete Aussagen', die auf den
gegenwärtigen Erwartungen, Schätzungen, Vorhersagen und Voraussagen der
Parteien basieren. Diese zukunftsgerichteten Informationen umfassen unter
anderem auch Aussagen in Bezug auf die beabsichtige
Geschäftszusammenführung von Nu-Mex mit NWT. Die Wörter 'können', 'würden',
'könnten', 'sollten', 'werden', 'wahrscheinlich', 'erwarten',
'beabsichtigen', 'annehmen', 'schätzen', 'planen', 'voraussagen',
'projizieren' und 'glauben' oder ähnliche Wörter und Phrasen werden dazu
verwendet, zukunftsgerichtete Informationen zu kennzeichnen.
Zukunftsgerichtete Informationen unterliegen bekannten und unbekannten
Risiken, Ungewissheiten und sonstigen Faktoren, die dazu führen können,
dass das tatsächliche Ergebnis, die Aktivitäten, die Leistung oder der
Erfolg der Parteien wesentlich von den dargelegten oder implizierten
Erwartungen in dieser zukunftsgerichteten Aussage abweichen. Diese Faktoren
umfassen, sind aber nicht beschränkt auf: Abschluss des Arrangements,
wirtschaftliche Leistung des gemeinsamen Unternehmens, und zukünftige Pläne
und Ziele von NWT und Nu-Mex, einschließlich zukünftiger Exploration und
Entwicklung. Es bestehen keine Zusagen, dass das Arrangement vollzogen
wird. Diese Auflistung der Faktoren, die unsere zukunftsgerichtete Aussage
beeinträchtigen können, ist nicht vollständig. Diese und weitere Faktoren
müssen angemessen berücksichtigt werden und die Leser dürfen sich nicht
leichtfertig auf diese zukunftsgerichteten Aussagen verlassen. Beide
Parteien haben weder die Absicht, noch sind sie dazu verpflichtet,
zukunftsgerichtete Aussagen aufgrund von neuen Informationen, zukünftigen
Ereignissen oder anderweitig zu aktualisieren oder zu überprüfen.

Diese Pressemitteilung wurde von Management der Parteien erstellt und das
Management übernimmt die volle Verantwortung für den Inhalt dieser
Pressemitteilung. Die TSX Venture Exchange, die NASD, die SEC und die OTCBB
geben weder eine Bestätigung noch eine Zurückweisung in Bezug auf den
Inhalt dieser Pressemitteilung ab. Diese Pressemitteilung stellt kein
Angebot zum Verkauf oder eine Aufforderung zu einem Angebot zum Kauf dar,
noch darf es einen An- oder Verkauf von Wertpapieren in jedem beliebigen
Rechtshoheitsgebiet, in dem ein Angebot, eine Aufforderung oder ein Kauf
dieser Art vor der Zulassung gegen geltende Aktiengesetze in diesem
Rechtshoheitsgebiet verstoßen würde, geben.
DGAP 21.12.2007
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Alt 03-01-2008, 15:01   #306
nrj
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Beiträge: 641
NWT continues to expand uranium discovery at North Rae, Quebec

Press Release Source: NWT Uranium Corp.

NWT continues to expand uranium discovery at North Rae, Quebec

Thursday January 3, 9:00 am ET

TORONTO, Jan. 3 /PRNewswire-FirstCall/ - NWT Uranium Corp. (TSX-V: NWT - News; OTCBB: NWURF - News) today announced additional assay results from rock grab samples collected during ground evaluation work at the North Rae Uranium Project in the Ungava Bay region of northern Quebec, Canada. Of note, samples taken near the northern limits of the property reveal uranium mineralization approximately 5.3 miles (8.5 kilometers) north of previously identified zones. The results underscore the regional nature of the system and further support NWT's exploration model, which is targeting a high-tonnage, near-surface uranium deposit amenable to open-pit mining. North Rae is under option from Azimut Exploration Inc.

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"These latest results confirm the potential of North Rae as a world-class uranium discovery," said Marek J. Kreczmer, President and CEO of NWT Uranium. "We are encouraged that results continue to fall in the range of known deposits in Namibia. In addition, the presence of uranium mineralization this far to the north of the main zones we have identified to date illustrates the regional scope of the mineralized system that is underlying North Rae. We look forward to advancing North Rae and the adjacent Daniel Lake projects in 2008."

Results

Assay results from 27 widely spaced surface rock grab samples collected from the southern portion of the Tasik zone, the Torrent zone and areas located near North Rae's northern property boundary reveal values of up to 0.89% U(3)O(8). Of these 27 samples, a total of 23 returned values over 0.01% U(3)O(8), including nine with values over 0.1% U(3)O(8). All samples are widely spaced, underscoring the regional nature of the mineralized system.

At Tasik, 8 of 23 samples reveal uranium values over 0.1% U(3)O(8). The 23 samples were collected from an area measuring 328 x 492 feet (100 x 150 meters). Uranium values at Tasik are related to a series of pegmatic dykes injected in gneissic rocks (sulphide-bearing paragneiss, granitic gneiss).

The two samples taken near North Rae's northern limits returned values of 0.113% and 0.044% U(3)O(8). These results confirm the presence of uranium 5.3 miles (8.5 kilometers) north of previously identified zones of mineralization.

The table below provides details of samples that returned values above 0.1% U(3)O(8).

----------------------------------------------
SAMPLE ID URANIUM U(3)O(8) U(3)O(8)
ppm ppm %
----------------------------------------------
5929176 7557 8910 0.891
----------------------------------------------
5929174 6310 7440 0.744
----------------------------------------------
5929169 6293 7420 0.742
----------------------------------------------
5929175 4012 4730 0.473
----------------------------------------------
5929167 2782 3280 0.328
----------------------------------------------
5929168 1713 2020 0.202
----------------------------------------------
5929159 1306 1540 0.154
----------------------------------------------
5929162 1221 1440 0.144
----------------------------------------------
5929173 956 1127 0.113
----------------------------------------------

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.

NWT has the right to earn up to 65% ownership of North Rae from Azimut Exploration Inc., as announced in a press release dated March 6, 2006.

Other assay results from North Rae were detailed in press releases dated November 19, 2007 and October 16, 2007, which are available at www.nwturanium.com.

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

Samples were collected at surface or near surface after small blasting using the Boulder Buster technique (average sampling depth of 30cm).

ABOUT NWT URANIUM:

NWT Uranium Corp. (www.nwturanium.com) is an international resource exploration company with an experienced, highly technical management team. Since its inception, NWT has concentrated on the acquisition of properties with potential uranium targets. NWT Uranium is listed on the NASD Bulletin Board under the symbol "NWURF" and the TSX Venture Exchange under the symbol "NWT."

Mr. Bertrand Taquet, P.Geo, NWT Uranium's Senior Geologist, who is a Qualified Person (QP) as defined by National Instrument 43-101, is responsible for the current exploration program at North Rae and has supervised the preparation of this press release and verified the data reported above.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this news release.

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the worldwide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

Potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource on the North Rae Uranium Project and it is uncertain if further exploration will result in the target being delineated as a mineral resource.


Source: NWT Uranium Corp.
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