Nitinat Announces Private Placement

Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE:NZZ) is pleased to
announce that, subject to regulatory approval, it has agreed to a non-brokered
private placement of up to 5,000,000 units at a price of $0.15 per unit for
gross proceeds of $750,000. Each unit is comprised of one (1) common share and
one (1) common share purchase warrant (the "Warrant"). Each Warrant entitles the
holder thereof to purchase one (1) common share for a period of two (2) years
from the date of issuance. The Warrants are exercisable into common shares at a
price of $0.20 each. The proceeds will be used for further exploration and
development of the Corporation's properties and for general working capital.


The Corporation also announces that it has granted an aggregate of 800,000 stock
options to an officer and a consultant to the Corporation. Each option is
exercisable at $0.20 per common share and is exercisable at any time until
September 21, 2016.


This update contains "forward looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Generally, these forward looking statements can
be identified by the use of forward looking terminology such as "plans",
"anticipated", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Nitinat is subject to significant
risks and uncertainties which may cause the actual results, performance or
achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward looking statements contained in
this release. Nitinat cannot assure investors that actual results will be
consistent with these forward looking statements and Nitinat assumes no
obligation to update or revise the forward looking statements contained in this
release to reflect actual events or new circumstances.