Nitinat Minerals Corporation (TSX VENTURE:NZZ) (the "Corporation") is pleased to
announce that it has received approval from the TSX Venture Exchange to amend
the exercise price and to extend the expiry date of the 3,101,427 outstanding
Series B common share purchase warrants (the "Warrants") of the Corporation,
which were issued in connection with the exercise of the Corporation's special
warrants and its initial public offering. Each Warrant, as amended, entitles the
holder thereof to purchase one common share of the Corporation at any time until
the close of business on April 29, 2012 at an exercise price of $0.40 per common
share. The Warrants were amended, effective April 29, 2011, to amend the
exercise price of the warrants from $0.50 to $0.40 and to extend the term of
such warrants until April 29, 2012. All other provisions of the Warrants will
remain the same. Insiders of the Corporation hold less than 2% of the
outstanding Warrants.


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.
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