NWM Mining Corporation (TSX-V: NWM) is pleased to announce the increase of its US $6,000,000 standby credit facility, announced on June 3, 2010, to US $16,500,000. The Company has already drawn down on US $4,000,000 under the original term sheet. Under the amended facility, up to an additional US $12,500,000 may be drawn down over the 12 months from the closing date, with repayment of all outstanding amounts due 24 months following the closing date. Interest will continue to be charged at a rate of 15% per annum and a standby charge of 0.25% per month applies to all available funds not yet drawn down. The Company will also pay to the lender a fee of US $175,000, of which US $50,000 has already been paid and the remaining US $125,000 will be paid on closing. Up to an aggregate of 6,500,008 common shares may be issued in connection with the drawdown of the standby facility, of which 1,333,336 common shares have already been issued in connection with the draw down of US $4,000,000 referred to above. The amended term sheet designates US $2,000,000 as a convertible amount when drawn down, at the conversion price of (i) $0.12 per share or (ii) $0.20 per share in the event of certain circumstances and convertible for a period of 24 months.

Private Placement

The Company is also pleased to announce that it is proceeding with a non-brokered private placement to raise up to CAD $4,000,000 by issuing up to 50,000,000 common shares of NWM at a price of CAD $0.08 per share.

A placement, finder or agent’s fee, as appropriate, may be payable in relation to this private placement.

The common shares issued pursuant to the above noted transactions will be subject to a hold period of four months and one day.