NWT NWT Uranium Corp.

NWT Uranium Corp. (the "Corporation") (TSX
VENTURE:NWT)(OTCBB:NWURF)(FRANKFURT:NMV) today announced that the board of
directors of its wholly owned subsidiary, Niketo Ltd. ("Niketo"), has resolved
to make an all cash offer to acquire 33,260,968 multiple voting shares (or such
number that will result in Niketo acquiring a voting interest of 49.9%) of Look
Communications Inc. ("Look") at a price of $0.125 per share, which represents a
premium of 14% over the closing price of the multiple voting shares of Look on
the NEX. 


Look's outstanding capital currently consists of multiple voting shares and
subordinate voting shares. The offer will be made solely for the multiple voting
shares but the holders of the subordinate voting shares will be able to convert
their subordinate voting shares into multiple voting shares solely for the
purpose of tendering such multiple voting shares, in accordance with, and
subject to the terms and conditions of the subordinate voting shares. In the
event that such multiple voting shares are withdrawn from the offer or are not
acquired pursuant to the offer for any other reason, such multiple voting shares
will automatically convert back into subordinate voting shares in accordance
with their terms. The full terms of the subordinate voting shares are set forth
in Look's articles, which are publicly available under Look's profile at
www.sedar.com.


Currently, Niketo does not own any securities in the capital of Look but it did
purchase an aggregate of 11,305,332 common shares in the capital of Unique
Broadband Systems Inc. ("Unique") (or approximately 11% of the issued and
outstanding common shares of Unique) and entered into a purchase agreement to
acquire an additional 8,500,000 common shares in the capital of Unique. If
Niketo acquires these additional common shares, it will own an aggregate of
19,805,332 common shares of Unique, representing approximately 19.3% of the
issued and outstanding shares of Unique. 


Unique is the registered and beneficial owner of an aggregate of 24,864,478
multiple voting shares and 29,921,308 subordinate voting shares (collectively,
the "Unique Shares"), which represent a 37.6% voting interest in Look. Niketo's
ownership of the common shares in the capital of Unique may cause it to exercise
indirect control over the Unique Shares and may result in a lower number of
multiple voting shares being acquired under the offer.


On December 18, 2012, Look announced that it entered into a support agreement
with Messieurs Robert Ulicki and Jeffery Gavarkovs (collectively, the "Bidders")
whereby the Bidders have agreed to make an all cash offer to acquire multiple
voting shares of Look at a price of $0.11 per share. The support agreement
provides that the directors of Look will not make a recommendation with respect
to the Bidder's offer and provides for a termination fee of $225,000 in the
event that the directors of Look determine that an alternative bid is more
favourable than that of the Bidder's. 


It is anticipated that Niketo's bid will commence within the next few weeks and
the completion of the offer will be subject to certain conditions, including a
minimum tender condition and the absence of a material adverse change in respect
of the affairs of Look. The full details of Niketo's offer will be set forth in
an offer and circular to be mailed to the shareholders of Look, a copy of which
will be available on SEDAR.


There can be no assurance that the conditions of Niketo's offer will be
satisfied prior to the expiry time of the offer, or that the offer will be
completed as proposed or at all. 


NWT Uranium Corp. (TSX VENTURE:NWT)(OTCBB:NWURF)

NWT Uranium is an emerging international exploration company with an experienced
management team. The company is focused on exploration and has a highly
prospective portfolio of properties around the world.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NWT Uranium Corp.
(416) 504-3978
www.nwturanium.com

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