North American Tungsten Corp. Ltd. (TSXV:NTC) is commencing a sale and investor solicitation process, which was approved by an order of the Supreme Court of British Columbia on July 17, 2015. At the same time, the Court also extended the stay and other relief under the Companies' Creditors Arrangement Act (the "CCAA") to October 31, 2015.

While under CCAA protection, creditors and others are stayed from pursuing any claims or enforcing any rights against NATC. The extension and protection under the CCAA will allow NATC to continue with its current operating plan while inviting offers of purchase of the Company's assets, property and business or for an investment in the Company. Alvarez & Marsal Canada Inc. is acting as Court Appointed Monitor under the CCAA and will oversee the sale and investment process.

Alvarez & Marsal Canada Securities ULC ("A&M Securities") is soliciting offers of purchase or investment on the Company's behalf. The solicitation process is governed by the SISP Order which has been approved by the Court. Qualified interested parties that have executed a confidentiality agreement will receive access to further information and will be invited to submit a conforming binding offer which will be assessed by NATC.

, A&M Securities and the Monitor any offers which the Company decides to accept will be subject to Court approval. The timeline for the SISP is July 27, 2015 access to data room commences; August 2015 proposed site visits; September 30, 2015 bid deadline; October 31, 2015 - latest date for seeking Court approval for preferred offer(s) and next steps.