NEW YORK, NY--(Marketwired - Apr 12, 2013) - Tungsten Corp. (
As of April 8, 2013, the Company had closed a voluntary exchange transaction agreement with Nevada Tungsten Holdings Ltd. pursuant to which, the Company acquired all of the issued and outstanding shares of Nevada Tungsten Holdings Ltd common stock thereby acquiring an option on certain domestic mineral rights in regards to a number of patented and unpatented mining claims prospective for tungsten mineralization.
In related news, on April 8, 2013 and also concurrently with the closing of the Transaction, the Company closed a private placement for a total of $500,000 to be used for development purposes.
Company President Guy Martin states, "With the completion of our initial transactions, we are moving rapidly ahead in order to execute our strategic plan to participate in the revitalization of a domestic tungsten mining sector. With significantly improved mineral value over the past decade combined with restrictive practices by overseas producers, we believe there is solid business case and potential for the growth of the sector in America today."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's 
"SEC") EDGAR database. Additional information will be available shortly at www.tungsten-corp.com .
About Tungsten Corp. (
Note Regarding Forward-Looking Statements This release contains forward-looking statements that reflect the Company's plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Contact: TUNG Investor Relations Phone: +1-877-427-1110 Email: investors@tungsten-corp.com Website: www.tungsten-corp.com
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