Jun. 24, 2010 (Baystreet.ca) --

TORONTO, Canada - Ubika Research has initiated research coverage on NWM Mining Corp. (TSXV: NWM) in a report, " Advanced stage junior gold exploration company with near term gold production potential” (June 24, 2010).

NWM Mining Corporation (NWM) is an advanced stage exploration company, which has NI 43-101 compliant proven and probable reserve estimate of just under 370,000 ounces of gold based on historical drilling. The company is well capitalized and is currently implementing a new much more extensive drill program to expand its reserves.

NWM also has the permits required to start mining and to produce gold, and has an ADR and also a SART plant up and running, ready to start gold production.

NWM properties are situated in a well known exploration belt. NWM’s Lluvia-Jojoba property has a similar geological structure to the nearby El Chanate gold mine which is today producing 60,000 ounces of gold per year and operated by Capital Gold Corp (AMEX:CGC)

Ubika Research believes NWM Mining Corp has the potential to both expand its reserves and become a gold producer in the near term. NWM Mining Corp (TSXV:NWM) is rated “Speculative Buy” by Ubika Research, with a target price of C$ 0.49.

Download the research report for free at: http://www.smallcappower.com/microsite/research_reports.aspx?CompanyID=34

Please also view our CEO video interview with NWM Mining Corp CEO Mr. Chris Berlet at:

http://www.smallcappower.com/microsite/CEO_Video_Interview.aspx?CompanyID=34

About Ubika Research

Ubika Research is an investment research and capital market service firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit www.ubikaresearch.com