NWT Uranium - News release

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[{"type":"text","content":"\n\n\n\nTORONTO, March 31 /CNW/ - NWT Uranium Corp. (TSXV: NWT; OTCBB: NWURF)\n(the "Corporation") the single largest shareholder of Niger Uranium Limited\n(AIM: URU) ("Niger") by its ownership of 34.06% of Niger, which in turn owns\n15.06% of KALAHARI MINERALS PLC (KAH.L), ("Kalahari") noted today that it had\npreviously entered into discussions with Rio Tinto PLC ("Rio") under a\nConfidentiality Agreement (CA) that was executed on February 9th, 2009\nregarding its interest in Niger and Kalahari.\n\n\nWhile not able to disclose the details of these negotiations with Rio\nmanagement, NWT terminated these discussions after concern with certain\nquestionable acts by Rio management which were not in keeping with the spirit\nof the discussions.\n\n\nNWT further noted today's Press Release by Kalahari and believes that it\nis in the best interest of shareholders of Kalahari and Extract Resources\nLimited (EXT.AX) (EXT.TO) ("Extract") that both companies be auctioned to the\nhighest bidder when the true potential of the Rossing South world class\nuranium deposit located adjacent to the Rossing Mine in Namibia is\nsufficiently defined.\n\n\nNWT Uranium is a Publicly Traded Mineral Exploration Company and an\nemerging international exploration company with an experienced management\nteam. The company is focused on mineral resources.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1687,"tagName":"div"}]

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