Northwestern Mineral Ventures, Inc. (fka NWTMF)

[stockguard]

Northwestern lake survey results identify large uranium anomalies at North Rae, Quebec, Canada

October 05, 2006 09:00:00 (ET)


TORONTO, Oct 05, 2006 /PRNewswire-FirstCall via COMTEX/ -- Northwestern Mineral Ventures Inc. (NWTMF, Trade) is pleased to announce results from the lake-bottom sediment survey for the North Rae uranium property in northern Quebec, Canada. Findings have revealed five strong and extensive uranium anomalies.

The largest anomaly represents an almost continuous zone averaging nine miles (15 kilometers) long by one-to-four miles (two-to-six kilometers) wide. The zone contains uranium values ranging from 98 parts per million uranium (ppm U) to 970 ppm U. The second largest anomaly, which remains open, is located approximately six miles (10 kilometers) to the southwest and measures six miles (10 kilometers) long and one-to-four miles (two-to-six kilometers) wide. Within this zone, uranium values range from more than 100 ppm U to a peak value of 1,320 ppm U. The remaining three anomalies are sharply defined and have values of more than 100 ppm U with a peak value of 704 ppm U.

"We are excited by these results as they confirm high uranium values in areas that were believed to be highly prospective based on research and proprietary modelling technology by our partner Azimut Exploration," said Marek J. Kreczmer, President and CEO of Northwestern. "Northwestern's interest in North Rae was founded on the strength of this methodology and our findings to date further underscore the property's significant potential. The proprietary model will now be applied to this current group of results to further delineate the highest priority areas for a future drill program."

All of the anomalies overlie paragneiss, orthogneiss, granite and pegmatite, as well as two regional scale faults, which are rock formations are often associated with previously discovered uranium deposits around the world. Previously reported radioactive rock samples, reported in a press release dated August 9, 2006, occur within the areas defined by the lake-bottom sediment anomalies described above.

A total of 356 samples were collected during systematic coverage of the lake. Northwestern has also completed an airborne geophysical survey covering 1,700 line miles (2,730 line kilometers) as well as a rock sampling program for the property. Results for these exploration activities are pending.

The North Rae Uranium Project consists of three blocks representing 701 claims, with a total area of 77,960 acres (31,550 hectares). Northwestern has the right to earn up to 65% ownership of North Rae from Azimut Exploration Inc. , as announced in a press release dated March 6, 2006.

QUALITY ASSURANCE

The exploration work was conducted by Rejean Girard, P.Geo., and Olivier Gerbeau, Ph.D., of IOS Services Geoscientifiques Inc. of Chicoutimi, Quebec. Lake sediment samples were submitted to Activation Laboratories Ltd. in Lancaster, Ontario for analysis. Activation Laboratories is an ISO-IEC 17025 accredited laboratory.

OPTIONS UPDATE

Northwestern granted 100,000 stock options to one of its employees to acquire common shares of the Company at an exercise price of C$0.40 until September 20, 2011.

ABOUT NORTHWESTERN:

Northwestern Mineral Ventures (www.northwestmineral.com) is an international resource exploration company with an experienced management team. The company is focused on properties in Niger and Canada with potential uranium targets. Northwestern also has a precious and base metal property in Mexico. Northwestern is listed on the NASD Bulletin Board under the symbol "NWTMF" and the TSX Venture Exchange under the symbol "NWT."

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

SOURCE Northwestern Mineral Ventures Inc.


Marek J. Kreczmer, M.Sc., P.Eng., President and CEO, [phone],
[e-mail]
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved

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