North American Tungsten puts a $1 mill in the Kitty via sale of Non Core Asset

July 08, 2009

North American Tungsten Corporation Ltd. has concluded an agreement to sell its remaining interest in the Jennings property (formerly known as Tootsie River) to its joint venture partner Agnico‐Eagle Mines Limited ("Agnico"), for the sum of CAN$1.0 million cash. The Company would have held a 30% interest in the Jennings after Agnico's CAN$4.0 million work commitment. The property is located on the B.C./Yukon border approximately 85 km west of Watson Lake, Yukon. Mr. Stephen Leahy, Chairman & CEO of the Company stated "It was a pleasure working with such a professional group of people at Agnico but with the Jennings property being a non‐core asset for us, the deal made very good sense." Former Participant in TalkingTungsten.ca