NWM Mining Corporation Corporate Update



    
    TSX Venture Exchange
    Symbol: COL
    Shares Outstanding: 104,994,527
    

    TORONTO, April 14 /CNW/ - NWM Mining Corporation "NWM" or the "Company"
(TSX-V: COL) announces that it has struck a Special Review Committee of the
Board of Directors to consider financing options for the Lluvia-Jojoba
project. NWM has received notice of default under the terms of the debt
facilities provided by BioteQ Environmental Technologies Inc. and the Special
Review Committee is convened to evaluate and review financing proposals.
Commissioning has been completed for NWM's ADR gold recovery circuit and
BioteQ's SART copper recovery circuit and NWM has prepared leach pad space to
be available for new ore and imminent start-up of commercial mining. NWM has
concurrently prepared mine plans, environmental permit submissions and water
rights applications for the Lluvia-Jojoba project.
    NWM is working to complete the filings necessary for title transfer of
the 4 Lluvia de Oro project concessions optioned from Tara Gold Resources Corp
and Corporacion Amermin SA de CV. The final property payment was made in
December of 2008. This payment represented the last of a series of 12 payments
totalling $4,337,000 USD. These payments were completed in accordance with an
agreed option schedule which commenced in April, 2006. Payments were made by
NWM and its subsidiary Minera Columbia de Mexico SA de CV. Under the terms of
the option agreement, the titles are to be transferred to Minera Columbia de
Mexico SA de CV free and clear of all liens and encumbrances.
    Property maintenance and planning activities for the Company's other
exploration projects in Sonora State are ongoing. A recent site visit to the
Company's Sierra Pinta past-producing underground gold mine was undertaken by
an independent party considering entering into an agreement for the
commencement of mining activities. The Company also continues to undertake
assessment work on its PII Colorado and El Carmen gold exploration properties.

    The Company cautions that this news release includes information that has
significant risks and that actual performance may be affected by a number of
material factors, many of which are beyond the Company's control. Such risk
factors include, among other things, that there are no guarantees that the
Company will be able to resolve the terms of the debt facilities at all, or on
terms acceptable to the Company and the lenders; that the Company will be able
to secure additional financing at all, or on terms acceptable to the Company;
that the ADR gold recovery circuit and the SART copper recovery circuit will
operate on an economically feasible basis; that the title transfers of the
project concessions will be completed on a timely basis or otherwise; that the
existing liens and encumbrances on the project concessions will be removed;
that there may exist other unknown liens and encumbrances on the project
concessions; and that the Company's other exploration projects will result in
the discovery of economically exploitable bodies of ore.

    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.

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





For further information:

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

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NWM Mining Corporation

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