NZZ Nitinat Minerals Corporation

Further to its press release dated May 13, 20123, Nitinat Minerals Corporation
(the "Corporation") (TSX VENTURE:NZZ)(FRANKFURT:04U) announces that it has
terminated the non-binding letter of intent with Arax Energy Inc. ("Arax"), an
arms' length party to the Corporation.. The Corporation will continue to
investigate other means by which it can increase its ownership in Technoton LLC
("Technoton").


The Corporation will continue to own an 8% ownership interest in Technoton
through its wholly owned subsidiary Taman Petroleum Corporation. Technoton, a
Russian private company, owns a 100% interest in the South Temryuk Oil & Gas
Exploration-Exploitation Licence located in the mature Azov-Kuban petroleum
region of southwest Russia. 


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.


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

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