An anonymous director reports

NWT URANIUM COMMENCES DUE DILIGENCE PROGRAM IN MOZAMBIQUE

NWT Uranium Corp. has commenced a due diligence program in the Tete province of Mozambique, the objective of which is to confirm via a drilling program the existence of economic seams of either metallurgical or coking coal in a currently valid and issued exploration concession block. In March, 2012, the company entered into a letter of intent with a South African company, the holder of the research and prospecting licence for the block, pursuant to which it paid the vendor a $100,000 (U.S.) fee for the right to conduct the due diligence program. NWT has agreed to complete its due diligence by the third quarter of 2012 or such later time if it is unable to complete the program due to factors outside its control (the expiry date). An additional $150,000 (U.S.) fee shall be payable by NWT within seven days of the first results of the due diligence program showing the presence of metallurgical or coking coal as confirmed by NWT. Under the terms of the letter of intent, NWT will incur up to $350,000 (U.S.), or such higher amount at the discretion of NWT, for initial geological, legal and technical due diligence.

The letter of intent outlines the terms and conditions under which NWT would be prepared to proceed with negotiating and entering into a formal definitive agreement whereby the vendor and its shareholders would grant to NWT or a subsidiary the right to acquire a net 95-per-cent interest in the block in exchange for payments to the vendor and its shareholders, and meeting certain exploration commitments. Under the terms of the letter of intent, NWT has until the expiry date to evaluate the block further before deciding if it wishes to proceed with a definitive and binding acquisition agreement. After its due diligence and evaluation of the project, if NWT decides to enter into a definitive agreement, the company will undertake a multistage exploration program estimated to be completed by June 30, 2015.

The letter of intent provides NWT with exclusivity until the earlier of the entering into of a definitive agreement and one year following the expiry date.

About coal in the Tete province, Mozambique

The company believes that the Tete province of Mozambique is the world's premier emerging coal-producing region. With two newly developed operating mines, several projects under consideration and several billion tonnes of newly defined coal resources, consisting of both thermal and coking coal, independent reporters such as the All Africa website estimate that, within five years, over 100 million tonnes of coal per year will be mined from the Tete province, making Mozambique one of the world's largest coal exporters.

Several major coal producers have become interested in coal projects in the Tete province. Vale of Brazil and Rio Tinto have recently developed coal mines in the province and AIM-listed Beacon Hill Resources has recently announced the results of a definitive feasibility study on its Minas Moatize coking and thermal coal project, which confirmed a technically and economically robust coal mine.

We seek Safe Harbor.