NZZ Nitinat Minerals Corporation

Nitinat Minerals Corporation (TSX VENTURE: NZZ) ("Nitinat" or the "Corporation") is pleased to announce recent results obtained from its ongoing fieldwork program at its Jasper property located on west central Vancouver Island. The Jasper property consists of 10 mineral claims covering 6.615 hectares. Please refer to the news release of September 15, 2010 for additional background information.

The current work program at the Jasper property has focused on prospecting, rock sampling and grid based soil geochemistry to follow up on 16 unexplained soil geochemical anomalies from the 2004 work program. In addition, the program was designed to ground truth the Avallin MINFILE occurrence located in the northeast portion of the property, and also the 21 eastern Electro Magnetic (EM) anomalies from the 2008 airborne geophysical survey through prospecting together with rock, soil and stream moss mat sampling.

Results to date include:

The soil grid extensions northwest and southeast of the Jasper Main Grid established ten new prospecting targets, with geochemistry highlights as follows:

-   Sample 21098, a single sample site yielded 58.6 ppm lead, and is open an
    untested along slope to the southeast of the grid

-   Samples 21134 and 21248-21451 inclusive, a five sample site covering an
    area 200 metres by 50 metres, yielded up to 130 ppm arsenic, 290 ppm
    barium, 1.39 ppm cadmium, 11.3 ppm molybdenum, 134.5 ppm lead, 1.63 ppm
    antimony, and 293 ppm zinc

-   Sample 21235, a single sample site, yielded 1395 ppm copper

-   Sample 21156, a single sample site, yielded 0.031 ppm gold

-   Samples 21229 and 21230, two adjacent samples 50 metres apart, yielded
    up to 473 ppm copper and 9.35 ppm molybdenum

-   Samples 21088 and 21127, 100 metres apart, yielded up to 1.5 ppm
    cadmium, 125.5 ppm copper, 116.5 ppm lead and 365 ppm zinc, and are open
    and untested uphill to the northeast of the grid

-   Samples 21223 and 21224, two adjacent samples 50 metres apart and south
    of the Camp View Showing discovered in 2004, yielded up to 0.281 ppm
    gold, 409 ppm copper, 103.5 ppm lead and 613 ppm zinc

-   Sample 21219, a single sample site, yielded 6.46 ppm molybdenum, and is
    open and untested uphill to the west of the grid

-   Samples 21121 and 21213, two sites 50 metres apart, yielded up to 193
    ppm copper, and are open and untested uphill to the west of the grid

-   Samples 21070-72 inclusive, 3 consecutive samples over 100 metres,
    yielded up to 230 ppm barium, 33.1 ppm cobalt and 566 ppm copper

Two new base/precious metal sulphide mineral occurrences were discovered and sampled in outcrop, and one other in float, all within the area of the expanded Jasper Main Grid, with geochemistry highlights as follows:

-   Samples 17929 & 17930 - quartz-sulphide veins 0.15 to 0.5 metres thick
    hosted by porphyritic tuff exposed in Camp Creek, containing
    chalcopyrite and pyrite, which yielded up to 15.3% copper and up to 17.2
    g/t silver

-   Sample 21458 - sulphide breccia zone exposed in outcrop, containing
    chalcopyrite, which yielded 1.01% copper and 10.5 g/t silver

-   Sample 17928 - quartz-sulphide stringers in silicified porphyritic tuff
    from a 0.6 metre diameter road-cut float boulder, containing pyrite,
    galena, sphalerite, chalcopyrite, pyrrhotite and molybdenite, which
    yielded 0.113 g/t gold, 17.8 ppm molybdenum, 0.311% lead and 0.371%
    zinc.

Copper/Iron skarn mineralization in a 0.25 metre diameter float boulder was located and sampled in a creek near the Avallin MINFILE occurrence, and contained chalcopyrite, magnetite and garnets, with geochemistry highlights as follows:

-   Sample 17968 yielded 0.116 g/t gold and 1.99% copper

Also in the area of the Avallin MINFILE occurrence, two stream moss mat samples yielded elevated values of silver, arsenic, bismuth, cadmium, copper, molybdenum, lead and zinc. To the west of Avallin and northeast of Jasper occurrences, one stream moss mat sample yielded elevated values of gold and lead.

All 21 eastern EM anomaly sites were visited, but no obvious sulphide or other mineralization was discovered at or surrounding any of the sites.

Fresh samples of base metal sulphide mineralization were taken from known and documented road-cut exposures of the Jasper and Pan MINFILE occurrences, with geochemistry highlights as follows:

-   Sample 17969 from the Jasper Main showing contained about 50% sulphides
    including sphalerite, chalcopyrite and pyrite hosted in brecciated
    volcanics, and yielded 2.46% copper, 4.88% zinc, 11.7 g/t silver, 6.6
    ppm bismuth, 282 ppm cadmium, 5.8 ppm mercury, 116 ppm lead, 21.9 ppm
    selenium and 11.5 ppm tellurium

-   Sample 17970 from the Pan South showing contained about 50% sulphides
    including sphalerite, galena, chalcopyrite and pyrite hosted in volcanic
    breccia, and yielded 25.9% zinc, 12.8% lead, 1.93% copper, 0.149 g/t
    gold, 27.1 g/t silver, 0.32% cadmium, 14.6 ppm gallium, 52.2 ppm
    selenium and 17.4 ppm tellurium

In summary, the Jasper Property has copper-zinc-lead-silver mineralization exposed discontinuously in rocks over an elongated north-south area of 3 km x 0.5 km with generally co-incident elevated soil geochemistry values in the same target elements, plus barium, bismuth, cobalt, and/or molybdenum.

"We are excited by the significant mineralized results coming from our current program and look forward to proceeding with targeted stratigraphic drilling of the most prospective geochemical targets," said Herb Brugh, CEO, Nitinat Minerals Corporation.

The Qualified person in charge of the Jasper Property and the person who prepared the technical data in this release is Jacques Houle, P.Eng., a Qualified Person pursuant to National Instrument 43-101.

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.

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.

Contacts: Nitinat Minerals Corporation Victor Cantore Director of the Corporation 514.831.3809 www.nitinatminerals.com For Investor Relations call: Gale Capital Corporation 604-221-7604 604-221-7606 (FAX) galecapital@shaw.ca