VANCOUVER, Feb. 4 /CNW/ - Novawest Resources Inc. (TSXV - "NVE";
Frankfurt - "NWN"), and its Board of Directors are pleased to announce that
the radiometric/mag/EM airborne survey on the Company's Center Uranium Project
has been successfully completed. The helicopter-borne survey was flown over
the company's 100-per-cent-owned, 265-claim, 31,088-acre (12,500-hectare)
Center uranium property. The property is situated in the vicinity of the
historic Chibougamau mining camp in Quebec. The airborne data is currently
being analyzed by Novawest's geological team and geophysical consultants. The
results will be announced once the final interpretation and processing report
The company has added additional claims in the immediate vicinity by
staking another 31 claims encompassing 1,240 acres adjacent to the Center
In other business, the Company advises that further to its News Release
of December 20, 2007, the private placement announced therein was closed on
December 31, 2007 for aggregate proceeds to the Company of $800,000. A total
of 4,000,000 shares and 2,250,000 share purchase warrants were issued. These
securities have a hold period ending on May 2, 2008. The warrants, having an
exercise price of $0.25, expire on December 31, 2009.
Novawest invites the public to visit its NEW website at
http://www.Novawest.com or e-mail us at Novawest@Novawest.com to be added to
the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF NOVAWEST RE
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
Novawest invites the public to visit its "NEW" website at
http://www.novawest.com or e-mail the company at firstname.lastname@example.org to be
added to the company's e-mail list for press releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun
& Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT
UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS
RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS
AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
For further information:
For further information: Suite 1600, The Bower Building, 543 Granville
Street, Vancouver, British Columbia, Canada, V6C 1X8, Tel: (604) 683-8990,
Toll-Free: 1-800-663-8990, Fax: (604) 683-8903, www.novawest.com,