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NWM Mining Corporation NWMMF



GREY:NWMMF - Post by User

Post by production05on Nov 08, 2011 9:27am
323 Views
Post# 19218048

NR - NWM received an additional permit at Jojoba

NR - NWM received an additional permit at Jojoba

PRESS RELEASE

FOR IMMEDIATE RELEASE TSX Venture Exchange

November 8, 2011 Symbol: NWM

NWM receives Change of Land Use permit for mining at Jojoba


TORONTO, ON m NWM Mining Corporation (the jCompany”) (TSX-V: NWM) is

pleased to announce that the Company has received a permit from the authorities in

Magdalena de Kino, Sonora, Mexico for a jchange of land usek (Cambio de Uso de

Suelo) covering the La Jojoba gold reserve. The area covering the La Jojoba gold reserve

has been reclassified from ranching to mining. This permit allows the Company to

undertake stripping and mining operations on the La Jojoba gold reserve.

The permit was secured by Lic. Marco Antonio Andrade Aguirre. Lic. Andrade

Aguirre is the advisor and legal representative of Minera Columbia de Mexico SA de

CV, (jMCMk) a wholly owned subsidiary of NWM Mining Corporation. The Mayor of

the Municipality of Magdalena, Luis Melecio Chavarin Gaxiola, and several Municipal

officials, have been very supportive of MCM and mining in general.


``This is the last permit required to commence mining operations on the La Jojoba gold

reserve and will lead to development of the Jojoba mine. Recent analysis suggests that a

significant part of the La Jojoba gold reserve does not require more capacity to extract

copper from leach solution than we already have available onsite. In 2012 the Lluvia-

Jojoba project will be expanded into two producing mines, with each mine concurrently

feeding ore to the newly constructed Lluvia Dos leach pad. Economies of scale are

improved with the prospect of developing ore production from both the Lluvia de Oro

and La Jojoba gold mines concurrently``, said Chris Berlet, CEO.



For further information please contact:

Contact: Chris Berlet, President & CEO or Chris Chadder, CFO

Phone: 416-364-6799 Fax: 416-364-2595

info@nwmcorp.ca

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




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