NWT Delivers Response To Azimut "Notice of Default": Allegations Are Without Merit

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[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 1 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) has\ndelivered a notice to Azimut Exploration Inc. (TSX-V: AZM) in response to\nAzimut's Notice of Default, which had been delivered to NWT on December 17,\n2007. The notice provided by NWT advises Azimut that all alleged defaults are\nwithout merit or have been resolved in any event by issuance of the curative\nnotice. The Option Agreements provide that no termination will occur provided\nsuch a notice is delivered within 60 days of the Notice of Default. NWT is of\nthe opinion that the Option Agreements remain in good standing and NWT looks\nforward to a successful 2008 field season.\n\n\nIn the meantime, NWT continues to work towards the completion of its\nArrangement Agreement with Nu-Mex Uranium Corp., which was signed on December\n20, 2007.\n\n\nABOUT NWT URANIUM:\n\n\nNWT Uranium Corp. (www.nwturanium.com) is an international resource\nexploration company with an experienced, highly technical management team.\nSince its inception, NWT has concentrated on the acquisition of properties\nwith potential uranium targets. NWT Uranium is listed on the NASD Bulletin\nBoard under the symbol "NWURF" and the TSX Venture Exchange under the symbol\n"NWT."\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this news release.\n\n\nThis news release includes certain "forward looking statements" within\nthe meaning of the United States Private Securities Litigation Reform Act of\n1995. Without limitation, statements regarding potential mineralization and\nresources, exploration results, and future plans and objectives of the Company\nare forward looking statements that involve various degrees of risk. The\nfollowing are important factors that could cause the Company's actual results\nto differ materially from those expressed or implied by such forward looking\nstatements: changes in the worldwide price of mineral commodities, general\nmarket conditions, risks inherent in mineral exploration, risks associated\nwith development, construction and mining operations, the uncertainty of\nfuture profitability and the uncertainty of access to additional capital.\n\n\n","length":2303,"tagName":"div"}]

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