NWM Files Pre-Feasibility with Increase in Reserves

    
    TSX Venture Exchange
    Symbol: NWM
    Shares Outstanding: 221,375,195
    

TORONTO, July 21 /CNW/ - NWM Mining Corporation (the "Company" TSX-V: NWM) is pleased to announce that its Technical Report, entitled "Lluvia de Oro and La Jojoba Gold Mines, Sonora, Mexico - Pre-Feasibility Report Update and Reserve Analysis", prepared according to National Instrument 43-101 of the Canadian Securities Administrators, has been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be viewed at www.sedar.com. This report provides the first Mineral Reserves calculated for the Lluvia de Oro and La Jojoba gold mines and also updates Mineral Resources previously published.

As required by NI 43-101, the Reserve and Resource numbers reported comply with CIM definitions. The following Mineral Reserves are provided in the Technical Report.

    
    Mineral Reserves, within $900/oz. Au MineSight(R) Pit with 51 degree Pit
    Slopes, at 0.20 g. Au/t Cut-Off.

    0.20 g Au/t    Proven     Proven    Proven   Probable   Probable Probable
    Cut-Off      Ore Tonnes   g Au/t    oz. Au  Ore Tonnes   g Au/t   oz. Au

    Lluvia        7,262,707   0.4935   115,235   4,492,321   0.5237   75,637
    Jojoba        5,293,423   0.8338   141,902   2,489,474   0.6445   51,587

    Combined     12,556,130   0.6370   257,137   6,981,795   0.5668  127,224

    NI 43-101 Proven + Probable Reserves:       19,537,925   0.6119  384,361
    

Mineral Reserves were first disclosed by the Company in a press release dated May 19, 2010. The tonnes of ore and contained ounces of gold presented in the Technical Report now filed on SEDAR are higher than those stated in the original press release. This change resulted from a correction made to the specific gravity used in calculations for the La Jojoba deposit.

The differences in the tonnes (605,334 tonnes) and contained gold ounces (15,049 oz. Au) for La Jojoba that result from this correction are shown in the following table.

    
                 RECONCILIATION - LA JOJOBA MINERAL RESERVES
       (showing changes of reserve table from original press release)

    -------------------------------------------------------------------------
    Revised numbers             Original     Revised      Change           %
    -------------------------------------------------------------------------
    La Jojoba Proven tonnes    4,881,714   5,293,423    +411,709         8.4
    -------------------------------------------------------------------------
    La Jojoba Proven grade g
     Au/tonne                     0.8338      0.8338      0.0000         0.0
    -------------------------------------------------------------------------
    La Jojoba Proven oz. Au      130,865     141,902     +11,037         8.4
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    La Jojoba Probable tonnes  2,295,849   2,489,474    +193,625         8.4
    -------------------------------------------------------------------------
    La Jojoba Probable grade
     g Au/tonne                   0.6445      0.6445      0.0000         0.0
    -------------------------------------------------------------------------
    La Jojoba Probable oz. Au     47,575      51,587      +4,012         8.4
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Combined Proven and
     Probable tonnes          18,932,591  19,537,925    +605,334         3.2
    -------------------------------------------------------------------------
    Combined Proven and
     Probable grade g
     Au/tonne                     0.6067      0.6119      0.0052         0.9
    -------------------------------------------------------------------------
    Combined Proven and
     Probable oz. Au             369,312     384,361     +15,049         4.1
    -------------------------------------------------------------------------
    

The independent Qualified Persons for the Technical Report are Mr. Abdullah Arik, AusIMM and Mr. Ashok Patwardhan, P.E.

Mr. Rodney A. Blakestad, C.P.G., in compliance with National Instrument 43-101 of the Canadian Securities Administrators, is the Qualified Person for this press release and has reviewed and approved the technical and scientific disclosure contained herein.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release includes "forward-looking information"; as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Mexico, if any; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties, including those described in the Company's other regulatory filings filed with the Canadian Securities Administrators and available at www.sedar.com. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

SOURCE NWM Mining Corporation

For further information: For further information: please contact NWM Mining Corporation at (416) 364-6799

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