North American Tungsten Corp. Ltd. announced the completion of a USD 2.5 million loan with a customer and has rolled in an existing USD 2.2 million advance from the customer into the loan arrangement. The combined loan of USD 4.7 million matures on December 31, 2018, bears interest of 3.0% per annum with quarterly interest payments commencing on March 31, 2014.

Equal principal repayments of USD 293,750 per quarter commence on March 31, 2015 and continue each quarter thereafter with the final payment on December 31, 2018. The loan agreement contemplates an election right for a conversion of the indebtedness to a convertible note subject to receipt of applicable regulatory approvals. The loan is secured by a subordinate charge on the Company's Mactung property.