North American Tungsten Successfully Completes Private Placement Financing in 7 days.

NORTH AMERICAN TUNGSTEN CORPORATION LTD. (the "Company") announces that it has completed the CAD$3,065,000 private placement financing announced on November 23, 2009. The Company issued a total of 20,433,333 common shares ("Common Shares") at a price of CAD$0.15 per Common Share. The Common Shares issued pursuant to the private placement are subject to a hold period that expires on March 28, 2010 in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The proceeds of the private placement will be used for working capital. For full release please visit the Company website NTC News www.NorthAmericanTungsten.com INVESTOR CONTACT: info@natungsten.com, Phone: +1.604.684.5300 Fax: +1.604.684.2992