24 March 2014
Vancouver, BC - North American Tungsten Corporation Ltd. (TSX.V: NTC) ("NTC" or "the Company") announces today that is has obtained approval from the TSX Venture Exchange ("TSX V") for the conversion right (the "Conversion Right") to a principal amount of US$9 million of debentures previously issued on December 31, 2013, and on January 15, 2014 (the "Convertible Debentures"). The Convertible Debentures will be convertible into common shares of NTC ("NTC Shares") at a price equal to CAD$0.12 per NTC Share. The Convertible Debentures apply a fixed exchange rate of CDN$1 = US$0.94. The Company obtained shareholder approval relating to the Conversion Right at its annual general meeting of shareholders held on February 21, 2014.