NWT Uranium Corp. Announces Closing of Private Placement

About this update from Captor Capital Corp

TORONTO, Oct. 15 /CNW/ - NWT Uranium Corp. (TSXV: NWT; OTCBB: NWURF) (the "Corporation") announced today that it has completed a non-brokered private placement for aggregate proceeds of $1,000,000. The placement was for an aggregate of 20,000,000 common shares at a subscription price of $0.05 per share. The Corporation plans to use the proceeds from the offering principally for exploration and development activities at the Corporation's Picachos project in Durango, Mexico and general working capital. After giving effect to the offering, the Corporation has 126,131,342 common shares outstanding. John Lynch, the Corporation's President and Chief Executive Officer, stated, "We are very pleased to be able to conclude this financing notwithstanding the current market tumult. We look forward to commencing our drilling program at the Picachos project under the guidance of M. Robinson MASc., P. Eng." The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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