NWT Uranium Corporation - Vietnam

Projects Niger Quebec Vietnam Industry Info

Vietnam, a nation located along the eastern coast of the mainland of Southeast Asia, extending some 1,600 km from the Chinese border to Point Ca Mau (Baibung) on the Gulf of Thailand, see Figure 1. The total area of Vietnam is 333,688 km². At its widest it reaches a width of about 560 km. In the narrow centre it is less than 50 km wide.

Vietnam has a wide variety of important mineral resources, with the principal reserves, located mainly in the north, being antimony, bauxite, carbonate rocks, chrome, clays, anthracite coal, copper, natural gas, gemstones, gold, graphite, iron ore, lead, manganese, mica, nickel, crude petroleum, phosphate rock (apatite), pyrophyllite, rare earths, silica sand, tin, titanium, tungsten, zinc, and zirconium. Coal dominates the mining sector, and, along with carbonate rocks, crude petroleum, and phosphate rocks, is produced in large quantity. Iron reserves are estimated at 520 million tons, and apatite reserves, 1.7 billion tons. Bauxite mines in the Central Highlands Province (Lam Dong) were capable of producing 1.7 million tons per year of ore. Mining was Vietnam's fourth-leading industry in 2002; mining and quarrying contributed 6.6% to GDP, 91.2% of which came from oil, gas, and coal. Also among leading industries were the production of cement, chemical fertilizer, oil, coal, and steel; crude oil was its top export commodity.

The Government of Vietnam has been introducing reforms to its markets and various industries of national importance such as the mining sector, to gain more exposure to foreign investors and foreign expertise. As such they have garnered much interest from the foreign mining community on account of it being a resource rich country as well as its willingness to introduce reforms to support foreign entities.

The country has also embarked on being self sufficient for its energy needs. A new oil refinery opened on June 12th and has proven to be a great success, and there are plans to introduce nuclear power in the country. In this regard, NWT Uranium has made strategic connections with various government bodies, and was invited to several meetings with the Ministry of Natural Resources and Environment as well as the Atomic Energy Commission.

During the first week-long trip, Mr. John Lynch, President & CEO of NWT Uranium, met with the Chairman of the Atomic Energy Commission, Prof. Dr. Vuong Huu Tan, and his associates, who discussed with NWT Uranium executives opportunities to participate in the uranium mining and energy generation sectors. The details of the press release can be found at

http://www.nwturanium.com/s/NewsReleases.asp?ReportID=345360

Meetings at the Atomic Energy Commission with Dr Vuong Huu Tan, Chairman Vietnam
Atomic Energy Commission and his delegation, along with Management of NWT Uranium and
representatives of Chroma International

NWT Management with the Chairman of the Ministry of Natural Resources & Environment
After the initial successful trip, NWT Uranium was invited again to meet some other members of various government bodies with follow-up meetings with the Atomic Energy Commission and The Ministry of Natural Resources & Environment. These meetings proved successful and NWT Uranium was able to gather substantial geological data.

NWT Uranium management with Chroma representatives and the Deputy Director of the
Atomic Energy Commission with his delegation

Mr John Lynch, CEO NWT Uranium, with Dr Than Van Lien,
Deputy Director, Vietnam Atomic Energy Commission