TORONTO, July 29 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is
pleased to announce the appointment of Raphael Danon as Chief Financial
Officer of the company, subject to TSX Venture Exchange approval.
Mr. Danon is an experienced management and accounting professional who
has provided financial and business consulting to a wide range of
organizations. He is a founding shareholder of Asian Coast Development Ltd.,
an international property developer, where he served as Vice-President of
Finance and Chief Financial Officer from the company's inception. He is
currently Asian Coast's Interim CFO and Vice-President of Finance. Mr. Danon
has overseen a wide range of activities at Asian Coast, including financings,
financial reporting and day-to-day operations. He graduated from York
University in Toronto with an Honors B.A. in Accounting and received his
Chartered Accountant's designation in 2001.
"I'm very pleased to welcome an executive of Raphael's caliber to NWT's
management team," said John P. Lynch, President and CEO of NWT Uranium.
"Raphael's financial management expertise will be a great asset to us as we
move the company forward in the coming months."
Mr. Danon succeeds outgoing Chief Financial Officer Bill Thomas, whose
intention to resign in order to pursue other business opportunities was
announced in a press release dated June 2, 2008. Mr. Thomas has offered to
assist NWT Uranium in ensuring a smooth transition for Mr. Danon into the role
ABOUT NWT URANIUM:
NWT Uranium Corp. (www.nwturanium.com) is an international resource
exploration company with an experienced 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.
For further information:
For further information: John P. Lynch, NWT Uranium Corp., (866)