TORONTO, June 16 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF)
("NWT" or the "Company") has appointed Mr. John P. Lynch as President and
Chief Executive Officer, subject to TSX Venture Exchange approval. Mr. Lynch,
who is currently a director with the company, will assume his new role
Mr. Lynch is a successful business executive with extensive corporate
management, administration and governance experience. In recent years he has
worked with several resource exploration companies and has been a member of
both private and publicly traded organizations. Mr. Lynch also currently
serves on the Board of Directors of Niger Uranium Limited as well as Hana
"I am very pleased to have been selected to lead NWT Uranium in my new
capacity as President and CEO," said Mr. Lynch. "NWT is well positioned for
success, with promising properties. I look forward to continuing to advance
the company through our highly prospective uranium projects in Quebec as well
as our Mexican property."
Mr. Lynch succeeds outgoing President and CEO Marek Kreczmer, who will
remain involved in the Advisory Board capacity. Notice of Mr. Kreczmer's
intent to resign as an officer of NWT in order to pursue other opportunities
was detailed in a press release dated June 2, 2008. The Board is continuing
its search for a new Chief Financial Officer to replace Mr. William Thomas,
who will be resigning his position as of July 30, 2008.
Mr. Lynch thanks Mr. Kreczmer and Mr. Thomas for their valuable service
to NWT Uranium during their tenure. Both Mr. Kreczmer and Mr. Thomas have
agreed to assist Mr. Lynch in ensuring a smooth transition for the company.
ABOUT NWT URANIUM:
NWT Uranium Corp. (www.nwturanium.com) is an international resource
exploration company with an experienced leadership 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)