Nitinat Minerals Updates $2 Million Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Nitinat Minerals Corporation (TSX VENTURE:NZZ)(FRANKFURT:04U)("Nitinat" or the
"Company") would like to provide an update with respect to its previously
announced brokered $2 million private placement. 


The Corporation anticipates an initial closing of $750,000 on July 12, 2013
through the issuance of 3,750,000 units (the "Units") at a price of $0.20 per
Unit. Each Unit is comprised of one (1) common share and one half (1/2) of one
common share purchase warrant (the "Warrant"). Each whole 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 at a price of $0.25 per
common share. Subsequent tranches may close on such dates as mutually agreed
between the Company and Jacob Securities Inc. ("Jacob"). 


Jacob is acting as agent for the placement and will be paid a fee of 8% of the
gross proceeds. In addition, the Company will issue Jacob broker warrants (the
"Broker Warrants") entitling Jacob to acquire such number of Units equal to 8%
of the aggregate number of Units sold at a price of $0.20 per Broker Warrant for
a period of two (2) years from date of issuance.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nitinat Minerals Corporation
Robert Maddigan
Director of the Corporation
416.216.0964
www.nitinatminerals.com