NEWS RELEASE.

October 16, 2012: Vancouver, B.C. – North American Tungsten Ltd. (Stock Profile – TSXV:NTC)  reports the executive committee of the Yukon Environmental and Socio-Economic Assessment Board (YESAB) has completed the draft screening report for North American Tungsten Corp. Ltd.’s MacTung project.

YESAB’s delivery of the draft screening report is a significant milestone for the MacTung project, moving it closer to the finalization of the environmental assessment as required under the Yukon Environmental and Socio-Economic Assessment Act (YESAA). The report concludes, “As a result of this assessment, the executive committee recommends to the decision bodies that the MacTung project be allowed to proceed without a review, subject to the terms and conditions specified in this report.”

Stephen Leahy, chairman and chief executive officer, stated: “With the draft screening report complete, NTC will now focus on its next objectives, of obtaining quartz mining and water licences. We would like to thank all of those that have contributed to the assessment process, including the Kaska First Nation, the Yukon government, Environment Canada, Natural Resources Canada, Fisheries and Oceans Canada, Yukon Conservation Society and other stakeholders. Participation by all parties has unquestionably benefited and improved the project as a whole. We believe the MacTung project will provide significant benefits to all Yukoners for years to come.”

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