NWT NWT Uranium Corp.

NWT Uranium Corp. (the "Corporation") (TSX VENTURE:NWT) (FRANKFURT:NMV) today
announced that is working to streamline operations, while implementing cost
cutting measures designed to reduce operational costs by up to 50 per cent,
including a reduction in salaries, while it works towards the proposed Change of
Business. The Company is also focused on monetizing current investments and
seeking new opportunities designed to maintain and increase shareholder value. 


Furthermore, the Corporation is working closely with its legal counsel in Cyprus
and tax professionals in attempts to further understand the recent measures
taken by the Bank of Cyprus and to pursue all avenues available to the company. 


"We are exploring all options to maintain and increase shareholder value as we
continue the Change of Business process. These measures include a 50 per cent
reduction in executive agreements and the lowering of operational expenses
wherever possible," said NWT CEO David Subotic. "In addition to the cost-cutting
measures we are implementing, we are also looking to monetize select assets in
our portfolio while continuing to look for other opportunities to generate
strong short- and medium-term returns for shareholders."


As disclosed in the Company's news release of August 29, 2013, the Company has
contravened Exchange Policy 5.2 by proceeding with a Change of Business without
the approval of the Exchange. Management of the Company continues to work with
the Exchange to resolve their concerns. Until these concerns are addressed, the
trading suspension will remain in place. The Company will issue further updates
on the status of the Corporation's investments in Cyrpus and the proposed Change
of Business from a mining issuer to an investment issuer as they occur.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited
to, statements with respect to: the terms and conditions of the proposed COB
transaction; use of funds; and the business and operations of the Corporation
after the proposed transaction. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable,
are subject to known and unknown risks, uncertainties, and other factors which
may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such factors include,
but are not limited to: general business, economic, competitive, political and
social uncertainties; delay or failure to receive board, shareholder or
regulatory approvals. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. The Corporation disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
NWT Uranium Corp.
David Subotic
CEO
(416) 504-3978
www.nwturanium.com


TUNED PR
Gavin Davidson
(416) 999-7138

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