APT

North American Tungsten Corporation Ltd. (the "Company") (TSX VENTURE:NTC) is
pleased to announce:


PRODUCTION COMMENCES AT THE CANTUNG MINE

The re-start of production at its 100% owned CanTung Mine has now commenced. Mr.
Stephen Leahy stated, "We are so pleased to be back in production and that will
we will be shipping Tungsten concentrate to customers this month (October)." He
further stated "the recent price rise of Tungsten to US$265/$268/metric tonne
unit ("mtu") Ammonium Paratungstate ("APT") is a further testament to the
continued strong demand and very slim supply."


NEW LOAN FACILITIES

The renewal and increase of its credit facilities with HSBC Bank Canada (the
"Bank") including:




1.  An operating loan facility of up to CAD$8,000,000 (previously
    CAD$6,000,000) to finance accounts receivable and inventories, as
    supported by Export Development Canada ("EDC"). Drawings against the
    facility may be in US dollars as well as Canadian dollars, subject to a
    US$5 million maximum; 
2.  Existing equipment loans of approximately $385,000; 
3.  A new facility of up to CAD $3,500,000 for capital expenditures
    including acquisition of equipment, guaranteed by EDC for at least 50%.
    Repayments of principal will commence after six months and will be made
    over thirty months.  
4.  A new facility of up to CAD$3,500,000 for new and used equipment.
    Repayments of principal will commence after six months and will be made
    over thirty months. 



There is a general security agreement in favour of the Bank. 

The Company has completed an amended Reclamation Security Agreement ("RSA") with
the Department of Indian Affairs and Northern Development ("DIAND"). The RSA
defines the form and terms of the security deposit required to be posted
pursuant to the Company's water license issued by the Mackenzie Valley Land and
Water Board ("MVLWB").


The Company has also received consent from the MVLWB for a reduction of
$1,422,161 in the amount of security required to be posted under the water
license. 


In addition, the Company has entered into a loan agreement with Caterpillar
Financial Services Corporation for financing of US$2,785,560 for the acquisition
of three new generator sets and related equipment. The term of the secured loan
is 48 months. 


CEO APPOINTED PRESIDENT OF THE INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION

The Company further announces that Mr. Stephen Leahy, Chairman and CEO of the
Company has been appointed President of the International Tungsten Industry
Association based in London, England, for a two year term.


ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD.

The Company is the 100% owner of the CanTung Mine and the MacTung development
project in Canada. It is one of the largest producers of tungsten concentrates
in the western world. MacTung is one of the world's largest undeveloped high
grade tungsten-skarn deposits. Through an affiliate, the Company is also
developing downstream product capability.


After a temporary suspension, the Company has re-activated the CanTung Mine
against a background of increased demand and rising prices.


ON BEHALF OF THE BOARD OF DIRECTORS

Stephen M. Leahy, Chairman & CEO

Cautionary Note: The Company relies upon litigation protection for
"forward-looking" statements.

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