NWT Uranium cured of default over Quebec properties

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[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 12 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF)\nannounced today that Azimut Exploration Inc. (TSX-V: AZM) has accepted that\nthe defaults described in Azimut's Notice of Default dated December 17, 2007\nhave been cured by NWT, with respect to the North Rae and Daniel Lake uranium\nproperties located in the Ungava Bay region in northern Quebec and under\noption from Azimut Exploration Inc. (TSX-V: AZM).\n\n\nIn its Curative Notice, delivered on January 30, 2008 in response to\nAzimut's Notice of Default, NWT disputed that it was in default. According to\nAzimut, the extensive documentation and data provided by NWT in its Curative\nNotice has adequately resolved the issues raised by the Notice of Default.\n\n\n"We are pleased that this dispute has been resolved and that we can now\nmove forward with Azimut on the continued exploration of North Rae and Daniel\nLake, which we believe represent a new uranium district in Canada," said Marek\nJ. Kreczmer, President and CEO of NWT. "We trust that continued cooperation\nbetween our two companies will result in significant benefits for our\nshareholders through the aggressive development of our joint properties."\n\n\nNWT has the right to acquire up to 65% interest from Azimut in the North\nRae Uranium Project, where results to date have revealed the potential for a\nnew uranium district. NWT also has an option to acquire up to 65% ownership in\nthe Daniel Lake Uranium Project, which neighbors North Rae. North Rae and\nDaniel Lake cover a total area of more than 300,000 acres (123,500 hectares).\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 limitatio...

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