NWM draws funds from standby credit facility

TSX Venture Exchange
Symbol: NWM
Shares Outstanding: 302,175,093

TORONTO, Nov. 2 /CNW/ - NWM Mining Corporation ("NWM") announces that it has drawn additional funds totalling USD4 million under its amended standby credit facility, announced on September 21, 2010. The funds are to be used in the ongoing construction and operation of NWM's Lluvia de Oro gold mine in Sonora, Mexico and for exploration around the Lluvia de Oro and adjacent La Jojoba gold deposits. In conjunction with this drawdown of funds, 1,968,256 common shares of NWM have been issued to the lender as a drawdown fee.

Additional information about NWM and its activities can be found on the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

For further information:

NWM Mining Corporation at [phone]