NTC

North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or the
"Company") announces the completion of an US$12.0 million loan (the "Queenwood
II Loan") with Queenwood Capital Partners II LLC ("Queenwood II"), to replace
its $12.0 million working capital loan facility (the "Working Capital Loan")
with HSBC Bank Canada ("HSBC") which expired June 30, 2014.


The maturity date for the Queenwood II Loan is October 1, 2015 (the "Maturity
Date"). Interest is payable on the Queenwood II Loan at the rate of twelve
percent (12%) per annum, and such interest is payable by the Company quarterly
in arrears on March 31, June 30, September 30 and December 31 of each year, with
any remaining accrued and unpaid interest payable on the Maturity Date. The
Queenwood II Loan is secured by a charge over all of the assets of the Company
pursuant to a general security agreement. Two directors of the Company, Ronald
Erickson and Kurt Heikkila, collectively own all of the issued and outstanding
units of Queenwood II.


On the basis that Queenwood II is considered an "insider" of the Company, the
Queenwood II Loan may be considered a "related party transaction" within the
meaning of Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). As a result, the following
additional disclosure details are provided, following the listing of disclosure
in section 5.2 of MI 61-101. The distribution of an information circular to
shareholders, the preparation and distribution of a formal valuation and the
seeking of shareholder approval for, and in connection with, the Queenwood II
Loan is not necessary under MI 61-101, because:




1.  for the purposes of Section 5.5(b) of MI 61-101 the securities of the
    Company are only listed on the TSX Venture Exchange, and on that basis
    the Queenwood II Loan falls within an exemption from a formal valuation
    requirement of Section 5.4 of MI 61-101; and 
2.  for the purposes of Section 5.7(1)(f) of MI 61-101 the Queenwood II Loan
    is not convertible into securities of the Company or repayable as to
    principal or interest in securities of the Company, and on that basis
    the Queenwood II Loan falls within an exemption to the minority
    shareholder approval requirement of Section 5.6 of MI 61-101.



As the terms of the Queenwood II Loan were only recently finalized, the Company
was not able to file a material change report 21 days prior to the closing of
the Queenwood II Loan.


ON BEHALF OF THE BOARD OF DIRECTORS

Kurt E. Heikkila, Chairman & CEO

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.


ABOUT QUEENWOOD CAPITAL PARTNERS II LLC

Queenwood Capital Partners II LLC, is a limited liability company incorporated
in Minnesota having an office at 4567 American Boulevard, West Bloomington, MN
55437. For further information on Queenwood please contact: Kurt Heikkila at
info@queenwoodcapital.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
as defined in 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.


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.


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

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