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NWT UPDATES SHAREHOLDERS IN NIGER
URANIUM 2008 EXPLORATION PROGRAM
Toronto - January 10, 2008 - NWT Uranium Corp. (TSX-V: NWT;
OTCBB: NWURF) is pleased to update its shareholders regarding the activities
of Niger Uranium Corp., of which NWT is the largest shareholder.
Niger Uranium's 2007-2008
field program at Irhazer and In Gall commenced in
November, according to a quarterly filing issued in late December by the
company. Work will be completed in stages, with the first phase scheduled to
include 8,200 feet
(2,500 meters)
of diamond drilling to test prospective targets located along structures that
host existing uranium mines. The second phase is designed to follow-up on
earlier results and is scheduled to include up to 24,600 feet (7,500 meters) of
additional drilling.
Concurrent with the drill
program, Niger Uranium plans to trench and sample several targets to test for
mineralization, geology and structure. In addition, grids indicating
historical drill sites will be re-established and, where possible, will be
tested by down-hole radiometrics.
"NWT is pleased with
the aggressive program underway in Niger," said Marek J. Kreczmer, President
and CEO of NWT Uranium. "As Niger Uranium's largest shareholder, we look
forward to the further advancement of our investment."
NWT contributed the Irhazer and In Gall properties to the Niger Uranium joint
venture. The two properties have returned uranium values ranging from 0.22%
U3O8 to 1.0% U3O8 from five surface rock samples collected from outcrops, as
reported in a press release on May 29, 2007, available on SEDAR at
www.sedar.com. These samples were submitted for re-analysis after they
exceeded the detection limits of uranium tests routinely used to analyze
samples from Niger.
Producing mines and deposits in Niger typically grade from 0.1%
to 0.42% U3O8, with the highest grades being mined at greater depths.
ABOUT NWT URANIUM CORP:
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 "NWT."
FURTHER INFORMATION:
Marek J. Kreczmer,
M.Sc., P.Eng.
President and CEO
NWT Uranium Corp.
(866) 437-9551
info@nwturanium.com
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.
Potential quantity and
grade is conceptual in nature, there has been insufficient exploration to
define a mineral resource on any of the properties referenced in this press
release and it is uncertain if further exploration will result in any such
targets being delineated as a mineral resource. The technical information
which forms the basis for the disclosure regarding the Irhazer
and In Gall properties contained herein was prepared by Graham Greenway, an
independent consultant, who is qualified person within the meaning of
National Instrument 43-101 of the Canadian Securities Administrators.
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