Nitinat Minerals Corporation (TSX VENTURE:NZZ) ("Nitinat" or the "Corporation")
is pleased to announce that, further to its press release of February 11, 2014,
it has closed its securities exchange with Global Resources Investment Trust plc
("GRIT").


The Company issued 9,000,000 units at $0.05 per unit to GRIT, in exchange for
248,962 ordinary shares of GRIT (the "GRIT Shares"), at the deemed price of GBP
1.00 per GRIT Share. Each unit consists of one common share and one common share
purchase warrant exercisable at $0.05 per share at any time until August 27,
2016. The securities issued to GRIT are subject to resale restrictions expiring
July 8, 2014.


The Company will now seek to sell the GRIT Shares through the facilities of the
London Stock Exchange. During the first six months, all sales of GRIT Shares
will be arranged by GRIT. While the Company will seek to maximize the proceeds
it receives from the sale of its GRIT Shares, there is no assurance as to the
timing of disposition or the amount that will be realized. Funds realized from
the sale of the GRIT Shares will be used by the Company for general working
capital.


The GRIT Shares were distributed pursuant to a prospectus published by GRIT in
the UK on February 28, 2014. GRIT's application to list its ordinary shares on
the premium listing segment of the Official List and to trade on the London
Stock Exchange's main market became effective on March 7, 2014 GRIT's
distribution of the GRIT Shares to the Company and other Canadian based issuers
was also made pursuant to a discretionary exemption order granted by the Ontario
and British Columbia Securities Commissions by order dated November 13, 2013.


GRIT has been established to exploit investment opportunities in the junior
mining and natural resources sectors worldwide, with an investment objective to
generate medium and long-term capital growth. GRIT has conducted share exchange
transactions with 41 junior resource companies (32 headquartered in Canada),
acquiring an initial portfolio of their securities in exchange for 39,520,012
ordinary shares having a deemed value of GBP 39,520,012 (approximately
C$73,250,000).


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.


This press release contains forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. Actual results
may differ materially from those currently anticipated. Investors are cautioned
that such forward-looking statements involve risks and uncertainties. Important
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements are detailed from time
to time in the Corporation's periodic reports filed with the Ontario Securities
Commission and other regulatory authorities. The Corporation has no intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nitinat Minerals Corporation
Herb Brugh
President and Director of the Corporation
416.216.0964
www.nitinatminerals.com
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