Nitinat Minerals Announces Non-Brokered Private Placement and 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
"Corporation") would like to provide an update with respect to its previously
announced brokered $2 million private placement. 


The Corporation is pleased to announce that it intends to raise gross proceeds
of up to $350,000 through a non-brokered private placement of up to 1,750,000
units (the "Units") of the Corporation 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. 


With respect to the proposed brokered private placement of $2 million and
further to its press release of July 8, 2013, the Corporation has not issued any
securities pursuant to the brokered private placement and no closing date for
such placement has been established.


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

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