NTC

North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the
Company") announces a net loss of $6.3 million ($0.03 per share ) for the three
months ended June 30, 2013 and a net loss of $13.7 million ($0.06 per share) for
the nine months ended on that date. These compare with a net loss of $2.2
million and net income of $6.9 million for the comparable periods of the prior
year. The net loss for the quarter was magnified by the recognition of $1.8
million for employment contract settlements and $1.8 million of impairments of
property, plant and equipment surplus to the requirements of the Company.


Sales revenues of $21.0 million for the quarter were 4% lower, on higher volumes
but lower prices, as compared to the third quarter of fiscal 2012. Sales
revenues of $57.4 million for the nine month period were 30% lower, on
marginally higher volume and significantly lower sales prices, than in the same
period in fiscal 2012.


Average market quotations for ammonium paratungstate ("APT"), the pricing basis
for tungsten concentrates, have risen from a low of USD$295 per metric ton unit
("mtu") in December 2012 to USD$398.5/mtu at June 30, 2013 and have since moved
up to USD$417.50/mtu. However, prices have not yet reached the level of a year
ago. 


Cash flows from operations, before capital outlays and financing activities,
were negative $1.2 million in the quarter and negative $0.1 million in the nine
months period. As of June 30, 2013, working capital was negative $36.4 million.
Continued support from shareholders and customers is being discussed and is
required for the Company to meet obligation as they mature. 


OPERATIONS

The Company continues to benefit from the 2012 capital program enhancements. As
compared to Q3 2012, tonnes of ore processed, ore grade and metallurgical
recoveries all improved.


The Company continued its underground diamond drilling program to further define
its resources and develop a two to three year mine plan. In addition, it resumed
its surface diamond drilling exploration with the objective of expanding the
resources at Cantung. Results from such drilling should be available in Q4 2013.
Geophysical surveys are also being employed to supplement and guide the diamond
drilling.


A mill process improvement project commenced in Q3 2013 and will continue into
Q2 of fiscal 2014. The project plan is to increase the mill throughput to 1,350
tons per day and to increase the total metallurgical recovery by increasing the
effectiveness of the gravity and flotation circuits. To support the increased
throughput, the Company has begun an open-pit campaign to stockpile ore this
summer which will be utilized in fiscal 2014. 


Construction of a raise on tailings pond 5 commenced at the beginning of Q3 2013
and was completed in July 2013. The Company is in the process of finalizing its
comprehensive tailings management program, including continuing upgrades to the
current tailings ponds, enhancements to its waste water treatment plant and
development of a long-term storage facility for tailings.


Kurt Heikkila, chairman and CEO, commented, "The more time I spend involved in
the operations, the more confident I become in our ability to continue to be a
significant tungsten concentrate producer for many years. We have made
substantial investments in infrastructure that have enhanced our abilities to
produce concentrate, we have commenced projects to further enhance our mill
throughput and are actively exploring both on surface and underground for
additional resources. I continue to be impressed with the quality of the
personnel in the organization and their dedication to making the Company the
best tungsten mining company in the world. For that, I am genuinely thankful."


ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD

The Company is a publicly listed Tier 1 Junior Resource Company engaged
primarily in the operation, development, and acquisition of tungsten and other
related mineral properties in Canada. The Company's 100% owned Cantung mine and
Mactung development project make it one of the few tungsten producers with a
strategic asset in the western world. Mactung is one of the world's largest
known undeveloped high grade tungsten-skarn deposits.


ON BEHALF OF THE BOARD OF DIRECTORS

Kurt Heikkila, Chairman & Interim CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
as defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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


Cautionary Note

Safe Harbour Statement under the United States Private Securities Litigation
Reform Act of 1995 and similar Canadian legislation: Except for the statements
of historical fact contained herein, the information presented contains
"Forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 and similar Canadian legislation. Often, but not
always, forward-looking statements can be identified by the use of words such as
"plans", "expects," "budget," "scheduled," "estimates," "forecasts," "intends,"
"anticipates," "believes," or variation of such words and phrases that refer to
certain actions, events or results to be taken, and other factors which may
cause the actual results, performance or achievements of North American Tungsten
Corporation Ltd. To be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the actual results of reclamation activities, the
estimation or realization of mineral reserves and resources, the timing and
amount of estimated future production, costs of production, capital
expenditures, future prices of commodities, possible variations in ore grade or
recovery rates, efficacy and efficiency of milling process, failure of plant,
equipment or processes to operate as anticipated, accidents, labour disputes and
other risks in the mining industry. Although North American Tungsten Corporation
Ltd. has attempted to identify important factors that could cause actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. 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 contained
herein and in North American Tungsten Corporation Ltd.'s other filing
incorporated by reference.


Cautionary Note to United States Investors Concerning Estimates of Measured,
Indicated and Inferred Resources: 


This press release may use the terms "Measured," "indicated" and "inferred"
Resources. United States investors are advised that while such terms are
recognized and required by Canadian regulators, the United States Securities and
Exchange Commission does not recognize them. "Inferred Mineral Resources" have a
great amount of uncertainty as to their existence and as to their economic and
legal feasibility. It cannot be assumed that all or any part of an Inferred
Mineral Resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of Inferred Mineral Resources may not form the basis of
feasibility or other economic studies. United States investors are cautioned not
to assume that all or any part of Measured or Indicated Mineral Resources will
ever be converted into Mineral Reserves. United States investors are also
cautioned not to assume that all or any part of an Inferred Mineral Resource
exists, or is economically or legally mineable.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North American Tungsten Corporation Ltd.
Investor Contact
+1.604.684.5300
+1.604.684.2992 (FAX)
info@natungsten.com
www.natungsten.com

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