NWM Draws on Standby Facility

    
    TSX Venture Exchange
    Symbol: NWM
    Shares Outstanding: 224,744,087
    

TORONTO, Sept. 24 /CNW/ - NWM Mining Corporation (TSX-V: NWM) announces that it has made a drawdown of US $5,500,000 under the Standby Facility for US $16,500,000 (the "Facility") that was announced in NWM's press release of September 21, 2010, including the US $2,000,000 designated as a convertible amount by the amended term sheet. An aggregate of US $9,500,000 has been drawn down to date.

In connection with this second drawdown from the Facility, the Company has issued to the lender 1,722,224 common shares that are subject to a four month and one day hold period ending January 23, 2011.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Mexico, if any; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties, including those described in the Company's other regulatory filings filed with the Canadian Securities Administrators and available at www.sedar.com. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.

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]