NWT NWT Uranium Corp.

NWT Uranium Corp. (the "Corporation") (TSX VENTURE:NWT)(FRANKFURT:NMV) would
like to announce that, pursuant to the Policy 5.2 - Changes of Business and
Reverse Takeovers of the TSX Venture Exchange, the Corporation has changed its
business from a Mining Issuer to a Investment Issuer. In connection with its
change of business, the Corporation will be seeking shareholder approval at a
special meeting of shareholders to be held at a future date.


As the change of business ("COB") has already occurred, the Corporation will not
be acquiring any assets in connection with the COB. As of today's date, the
Corporation has acquired, directly or through its wholly owned subsidiary,
Nikeco Co. Ltd., an aggregate of 88,289,171 common shares of various public
issuers, of which 52,783,339 common shares are those of URU Metals Limited
(formerly Niger Uranium Ltd.)


For the nine months ending December 31, 2012, the Corporation had current assets
of $9,885,425 and current liabilities of $3,157,068 for working capital of
$6,728,357. As such, the Corporation has necessary working capital to fund its
current business and finance future investments in public issuers.


Description of New Business

As an Investment Issuer, the Corporation will focus its resources on investments
in other companies. The investment objective of the Corporation will be to
provide its shareholders with long-term capital growth by investing in a
diversified portfolio of public companies and commodities.


Investment Strategy

The Corporation's investment strategies will include investments in (i) public
companies, (ii) near public companies and private capital, (iii) global venture
capital initiatives and (iv) strategic physical commodities.


The Corporation will invest in concentrated, long-term positions in public
companies. The Corporation may invest in securities of issuers in special
situations, including event-driven situations such as corporate restructurings,
mergers, hostile takeovers, bankruptcies or leveraged buyouts. The Corporation
may also invest in (i) public companies where there is an opportunity to invest
to gain control over the strategic direction of such public company, thereby
fully exploiting the corporate structure to execute opportunistic transactions
which would otherwise be unavailable, such as take-over bids using
publicly-traded securities as currency, (ii) accretive acquisitions of similar
structures, and (iii) public and private companies that would otherwise be
problematic to accommodate in a fund structure with short term redemption
features.


The Corporation's investment strategy will also include structuring and
initiating deals focused on particular resources, themes, or regions as well as
launching the development of businesses in select industries by providing
assistance with the hiring of management teams, providing seed capital and
facilitating the transition of such private companies to the public market.


The Corporation may take positions in strategic commodities which it believes
have strong long term fundamentals and which otherwise are difficult to gain
exposure to. Investments may be structured as direct physical purchases or
off-take contracts.


Borrowing

The Corporation may borrow funds, which may be used for various purposes,
including making investments, effecting market purchases of common shares and
paying fees and expenses of the Corporation (the "Borrowings"). Such Borrowings
shall never exceed 200% of the net assets of the Corporation. The Corporation
expects that the terms, conditions, interest rates, fees and expenses of and
under such Borrowings will be typical of borrowings of this nature.


Investment Committee 

The Corporation will establish an investment committee (the "Investment
Committee") which will initially consist of David Subotic (Chair), John Zorbas
and Raphael Danon to monitor and review the Corporation's investments. Members
of the Investment Committee will be appointed annually by the board of
directors. The Chairman of the Investment Committee will be appointed by the
members of the Investment Committee. The members of the Investment Committee
will be required to have a significant degree of investment expertise. The
Investment Committee will be responsible for overseeing the management of the
Corporation's investments.


The Investment Committee will meet as required and report as required to the
board of directors with respect to its decisions and activities. 


Investment Selection 

To identify potential investments, the Corporation will rely on the members of
its management and from time to time other reliable business affiliations. These
persons have a broad range of international business experience and their own
networks of business partners, financiers and venture capitalists through whom
potential investments may be identified. Once an investment has been
pre-screened by the investment committee, the board of directors will then
review and approve such investment. 


Directors and Officers

The directors of the Corporation will be Anton Esterhuizen, David Subotic and
John Zorbas. The officers of the Corporation will be David Subotic, President
and Raphael Danon, Chief Financial Officer.


The following sets out the names and backgrounds of all persons who are expected
to be considered insiders of the Corporation. 


David Subotic, President, Chief Executive Officer and Director - Mr. Subotic is
a former Vice President of Haywood Securities, an international investment firm
specializing in the resource sector, where he helped raise more than $2 billion
in financing for commodities and oil and gas companies. Previously, Mr. Subotic
was Vice President of Canada's Yorkton Securities, a national full-service firm
that provides services to institutional investors, issuing companies and retail
clients. Most recently, Mr. Subotic was the founder and CEO of Asian Coast
Development Ltd., an international resort developer planning the $4.2 billion Ho
Tram Strip integrated resort destination in Southern Viet Nam. Mr. Subotic is
currently the CEO and CIO of DAS Capital, a Toronto-based investment management
firm.


Anton Esterhuizen, Director - Mr. Esterhuizen, M.Sc., B.Sc. (Hons), is an
experienced geologist renowned for his extensive experience in Africa. Among his
career highlights, he is credited with the discovery and evaluation of the
Xstrata Group's world-class, high-grade Rhovan vanadium deposit in South Africa,
the re-evaluation of the sizeable Burnstone gold deposit, also in South Africa,
and a number of Tanzanian gold deposits, which attracted major players to that
country. At present, Mr. Esterhuizen is Managing Director of Pangea Exploration
(Pty) Limited in Johannesburg and a director of Tanzanian Royalty Exploration
Corporation. His background also includes work with African mining giant Gold
Fields Ltd. Mr. Esterhuizen is a fellow of the Geological Society of South
Africa and the first recipient of the Des Pretorius Memorial Award for
outstanding work in economic geology in Africa. He also received the Dreyer
Award from the Society for Mining Metallurgy and Exploration Inc. (USA) for
outstanding achievements in applied economic geology, one the world's most
prestigious awards for exploration.


John Zorbas, Director - Mr. Zorbas is the President of MGM Productions Group
Inc., as well as a director of both ZorCorp Capital Holdings and Starline
Capital Holdings Infrastructure Fund. Mr. Zorbas, who holds an Honors Bachelors
in Economics from the University of Toronto, is also a founding shareholder of
Asian Coast Development Ltd, one of South East Asia's leading developers of
integrated resort and hotel properties. Throughout the past 10 years, Mr. Zorbas
has held senior advisory positions in various facets of business including
operations, marketing, sales, strategic planning and structured finance. Mr.
Zorbas has also been involved in various notable transactions such as arranging
and structuring the financing for the Bac Ha Hydro Plant in Vietnam, with the
assistance of the Import Export Bank of the United States and successfully
bidding at the Federal Network Agency of Germany's Spectrum auction, where he
was awarded the license for the 4G spectrum.


Raphael Danon, Chief Financial Officer and Corporate Secretary - Mr. Danon began
his professional career as a financial statement auditor where he was
responsible for complex accounting issues before opening up his own practice in
business advisory. Mr. Danon was responsible for both bringing in the client
base, as well as dealing involved in all aspects of business advisory for
clients, including business plans, financing, evaluation of internal controls
and other business improvements and efficiencies. Mr. Danon is a founding
shareholder of Asian Coast Development Ltd., an international property developer
which is building an MGM Casino Resort in Vietnam, where he served as Interim
Chief Financial Officer and VP of Finance. He helped raise over $80 Million for
the project, in addition to setting up the company from its inception, manning
many roles in its infancy as the company developed. Mr. Danon has sat on the
board of directors for both Asian Coast Development and Niger Uranium Ltd. Mr.
Danon graduated from York University in Toronto with an Honors B.A. in
Accounting and has been a Member of the Institute of Chartered Accountants of
Canada since 2003.


Sponsorship

Sponsorship of a COB transaction may be required by the TSXV. The Corporation is
currently reviewing the requirements for sponsorship and may apply for an
exemption from the sponsorship requirements pursuant to the policies of the
TSXV, however, there is no assurance that the Corporation will ultimately obtain
this exemption. The Corporation intends to include any additional information
regarding sponsorship in a subsequent press release.


Completion of the transaction is subject to a number of conditions, including
but not limited to, TSXV acceptance and, if applicable, pursuant to the
requirements of the TSXV, majority of the minority shareholder approval. Where
applicable, the transaction cannot close until the required shareholder approval
is obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative. 


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press 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: 
For further information regarding the COB transaction,
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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