Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE:NZZ) is pleased to
announce it has granted 500,000 stock options to its directors, officers and a
consultant. Each option is exercisable at $0.20 per common share at any time
until June 25, 2017.


The Corporation will also like to announce that it that it has negotiated a
share for debt settlement with an arm's length creditor of the Corporation. The
Corporation has agreed to issue an aggregate of 50,000 common shares to an arm's
length party in exchange for the cancellation of $5,000 in debt owing to the
creditor. The common shares are being issued at a deemed price of $0.12 per
common share.


The debt settlement is subject to the approval of the TSX Venture Exchange.

Further to its press release of July 3, 2012, the Corporation wishes to correct
certain information contained therein. The date of the letter of intent should
have read July 2, 2012 instead of June 18, 2012 as stated in the press release.
All other information in the press release remains unchanged.


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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