TORONTO, Feb. 1 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) has
delivered a notice to Azimut Exploration Inc. (TSX-V: AZM) in response to
Azimut's Notice of Default, which had been delivered to NWT on December 17,
2007. The notice provided by NWT advises Azimut that all alleged defaults are
without merit or have been resolved in any event by issuance of the curative
notice. The Option Agreements provide that no termination will occur provided
such a notice is delivered within 60 days of the Notice of Default. NWT is of
the opinion that the Option Agreements remain in good standing and NWT looks
forward to a successful 2008 field season.
In the meantime, NWT continues to work towards the completion of its
Arrangement Agreement with Nu-Mex Uranium Corp., which was signed on December
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
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.
For further information:
For further information: Marek J. Kreczmer, M.Sc., P.Eng., President and
CEO, NWT Uranium Corp., (866) 437-9551, email@example.com