Nitinat Engages Jacob Securities as Advisor

TORONTO, ONTARIO--(Marketwired - April 26, 2013) - Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE:NZZ) is pleased to announce that pursuant to and advisory agreement dated April 17, 2013 (the "Agreement") it has retained Jacob Securities Inc. ("Jacob") to provide certain financial advisory services. The term of the Agreement is for a period of twelve (12) months with the option to terminate the Agreement at any time after six (6) months.

"We are excited to be working with Jacob Securities," stated Herb Brugh, President of the Corporation. "As the Corporation pursues its various opportunities in Russia and British Columbia, Jacob will be instrumental in the Corporation getting it story out into the market. We look forward to a very long and successful relationship with Jacob."

"We are pleased to be working closely with Nitinat," stated Sasha Jacob, President of Jacob. "We believe that the Corporation, with its opportunities in Russia and British Columbia, is well positioned to attract investors looking for opportunities both in Canada and abroad."

The Corporation would also like to announce that, further to its press release of November 5, 2012, it has terminated its agreement with First Canadian Capital Corp. effective February 5, 2013.

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.