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

About this update from Captor Capital Corp

TORONTO, Feb. 1 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) has delivered a notice to Azimut Exploration Inc. (TSX-V: AZM) in response to Azimut's Notice of Default, which had been delivered to NWT on December 17, 2007. The notice provided by NWT advises Azimut that all alleged defaults are without merit or have been resolved in any event by issuance of the curative notice. The Option Agreements provide that no termination will occur provided such a notice is delivered within 60 days of the Notice of Default. NWT is of the opinion that the Option Agreements remain in good standing and NWT looks forward to a successful 2008 field season. In the meantime, NWT continues to work towards the completion of its Arrangement Agreement with Nu-Mex Uranium Corp., which was signed on December 20, 2007. ABOUT NWT URANIUM: 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." 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.

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