Mr. Henry Kloepper reports

NWT URANIUM CORP. PROVIDES UPDATE

NWT Uranium Corp. has provided an update with respect to its discussions with the TSX Venture Exchange.

As reported in its previous press releases, the corporation has been advised by the exchange that the corporation has been deemed to have undertaken a change of business from a mining issuer to an investment issuer without receiving the prior approval of the exchange. As a result of this contravention of exchange requirements, the compliance and disclosure department of the exchange has commenced a review to determine the involvement of certain of the officers and directors of the company in this event. Until such time as the exchange has completed its review, the trading suspension on the company's shares will remain in effect. Upon completion of the review, the corporation will disseminate a comprehensive news release outlining the findings of the exchange and the steps taken by the corporation to ensure compliance with exchange requirements on a go-forward basis. Until such time as the exchange's review is completed, the exchange will not review the company's proposed change of business. Once approved by the exchange, the corporation will proceed with the process of obtaining shareholder approval for the change of business and will be preparing an information circular in connection with obtaining such shareholder approval, such circular to be reviewed and approved by the exchange prior to it being mailed to the shareholders.

Financial update

As reported in the corporation's unaudited financial statements for three months ended June 30, 2014, the corporation currently has approximately $3.9-million in cash and cash equivalents with approximately $7.2-million in total assets (of which approximately $5.1-million is current assets) and an aggregate of approximately $3.8-million in total liabilities of which all are current liabilities.

Of the $3.9-million in cash and cash equivalents, $827,378 is held in three separate fixed-term deposits of six, nine and 12 months with Bank of Cyprus. Bank of Cyprus has the option to renew each of the fixed-term deposits once for the same duration of the original deposit. Bank of Cyprus exercised such option with respect to one of the term deposits (which was placed in a one-month rollover account). The corporation expects that Bank of Cyprus will exercise its option with respect to the remaining two term deposits. As a result of the fact that the corporation will not be able to access the funds on deposit in Bank of Cyprus the corporation set up an allowance of $370,949.

Investment in URU Metals Ltd.

URU Metals, which is an Alternative Investment Market-listed exploration and development company focusing on the development of large-scale metal projects worldwide, and the corporation are related parties due to the fact that John Zorbas, who is a director of the corporation, is an officer of URU and the corporation owns, as at June 30, 2014, a total of 52,783,339 common shares in the capital of URU or 39.8 per cent of URU's issued and outstanding capital.

Subsequent to June 30, 2014, the corporation acquired an additional 19,283,335 URU common shares for a total purchase price of $533,088 or approximately three cents per common share. As of the date of this news release, the corporation owns a total of 72,066,427 URU common shares or 30.2 per cent of URU's issued and outstanding capital.

Other investments

In the June 30, 2014, balance sheet, the corporation has $924,792 allocated to other investments. These investments comprise the following securities:

• Five million common shares of Canuc Resources Corp.;
• 1.8 million common shares of Azimut Exploration Inc.;
• Five million common shares of Bank of Cyprus;
• 11,205,332 common shares of Unique Broadband Systems Inc.;
• 4,248,500 common shares of Handa Copper Corp. (New Hana Copper Mining Ltd. changed its name on April 25, 2014).

We seek Safe Harbor.