North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") is pleased to provide an update on its continuing underground diamond drill exploration program in the Amber Zone on its 100% owned Cantung tungsten mine in the Northwest Territories. Drifting toward this zone has commenced.

Stephen Leahy, CEO, stated: "We believe that this new Amber Zone will become an important integral component of our underground Life of Mine Plan at Cantung. We are very proud of the hard work and dedication of our Tungsten Team in the discovery and the definition drilling in the new Amber Zone."
Diamond Drilling was implemented to fill 450 ft. gap between high grade intercepts in drill holes U1943, U1936, and U1937, discussed in the NTC February 6th, 2012 news release, and holes U1978 to U1985, discussed in the NTC June 6th, 2012 news release. A total of 87 Diamond Drill Holes amounting to 25,000 ft. of drilling were completed. Many of the holes intersected one to three zones of mineralization. This recent phase of drilling verifies the continuity of the mineralization within the Amber Zone and the Central Flats over an area with an approximate strike length of 600 ft. and an approximate down dip length of 650 ft. In addition it opens up 800 ft. of strike length of potential mineralization to the east. Drilling is now commencing in the area of "Amber Zone East" to test the continuity of two areas. Drifting toward the Amber Zone West has commenced from 4 headings within the current mine workings.

Significant results from the drill program include 15 ft. averaging 4.27% WO3 (DDH - U2082), 22.7 ft. averaging 4.30% WO3 (DDH - US2083), 10.3 ft. averaging 3.60% WO3 (DDH - U2114) and 15.4 ft. averaging 2.44% WO3 (DDH - U2081). The table shown below provides the tungsten containing intervals and the estimated true widths for those intersections.

All drilling was completed from underground drill stations. All drill core was BQ and core recovery in the assay intervals was close to 100%. Sampling was based on lithology with a maximum individual sampled interval of 5 feet. The averaged assays shown in the table have a minimum bounding grade of 0.25% WO3.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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According to the Machine Association statistics, the industrial output value of China's machine tool industry is 717.653 billion from January to November 2012, a year-on-year growth of 12.59%; The sales output value is 696.117 billion, a year-on-year growth of 12.34% and the sales rate is 96.99%.From 1 to 11 months, a significant downward trend in the overall machine tool industry sales value this year. Among them, the manufacture of cutting tools, metal cutting machine tool manufacturing industry growth rate fell magnitude larger proportion, a year-on-year growth rate fell 32.5% and 17.59% respectively. Machine tool industry export delivery value of 41.895 billion yuan, a year-on-year growth of 17.14 percent, down 1.86 percentage points compared with the same period last year.

View from the sub-sectors, including the manufacture of metal-cutting machine tools, metal forming machine tool manufacturing industry growth to varying degrees of growth; growth rate of the other sub-sectors have declined, other metal processing machinery manufacturing industry decline by dropped to 18.45% from 44.86%, down 26.41 percent; followed by wood processing machinery manufacturing industry, a larger decline, down 25.89 percent. November 7 products in the machine tool industry, the overall downward trend, CNC metal cutting machine tools the largest decline, down 43.59 percent.

The machine tool industry is one of the important areas of application of the tungsten industry, carbide cutting tools plays an important share in the metal-cutting machine tools, machine tool industry bring good is expected to pick up, the demand for carbide, which is 2013 tungsten City is expected to pick up a flag.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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The £75 million engineering, procurement and construction contract will see GR Engineering develop and ultimately commission the 3 million-tonne-per-annum tungsten and tin processing plant in Devon

Shares in Wolf Minerals (LON:WLFE) jumped 11% in morning trade after it named GR Engineering as the firm which will develop the Hemerdon tungsten project in southwest England.

The £75 million engineering, procurement and construction contract will see GR Engineering develop and ultimately commission the 3 million-tonne-per-annum tungsten and tin processing plant in Devon.

The deal compares favourably with the estimate in the definitive feasibility study (DFS) estimate announced in May 2011, which allowed £77 million for the contract.

The term of the contract is two years, the firm said.

Wolf managing director Humphrey Hale said the company was very pleased to continue working with GR Engineering as it had established a good working relationship over the past three years.

"This is a major achievement for the project team as the EPC contract was tendered to the market and this result is in line with the Definitive Feasibility Study estimate announced in May 2011."Shares were lifted 11.11% to stand at 22.50p.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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According to the statistics released by the Association of China Machine Tool, , China machine tool industry achieved a total output value of 717.653 billion yuan, from January to December in 2012, increased by 12.59% on year-on-year basis. The total sales value reached 696.117 billion yuan, rose by 12.34%, the sales-output ratio was 96.99%. A big drop in the increase of sales volume of machine tool industry was obvious, during the time from January to December. Among which, the growth rate of cutting tool manufacturing and metal-cutting machine tool manufacturing drop tremendously, the growth rates fell 32.5% and 17.59% respectively. The exporting value of machine tool was 41.895 billion yuan in 2012 , increased by 17.14% compared with that of last year.

Machine tool industry is one of the application fields of tungsten industry, where tungsten carbide cutting-tool and metal-cutting machine tool account for a big part. The rebound of machine tool industry brings good news to tungsten carbide, the rebound meanwhile indicates the recovery of tungsten industry.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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