Nitinat Minerals names Cantore as director

2010-04-08 11:37 ET - News Release

Mr. Marc Branson reports

NITINAT APPOINTS VICTOR CANTORE TO THE BOARD OF DIRECTORS

Nitinat Minerals Corp. has appointed Victor Cantore to the board of director of the corporation.

Mr. Cantore began his investment career in 1992, as an adviser for Tasse & Associates. In 1993, he moved to RBC Dominion Securities. Since 1999, Mr. Cantore has worked with both public and private companies, organizing and structuring financings, mainly in the resource and high-tech sector. Mr. Cantore has held directorships on the board of various companies, both private and public.

Mr. Cantore was appointed to the board of directors after the resignation of Vern Briggs. Mr. Briggs resigned to pursue personal projects. Nitinat thanks Mr. Briggs for his contribution to the corporation and wishes him luck in his future endeavours.

Nitinat has also retained Gale Capital Corp. to provide the corporation with investor relations services.

The agreement between Nitinat and Gale is for a period of 24 months. Gale is a full provider of corporate finance and investor relations services, and will assist the corporation in fostering productive, continuing dialogues, with analysts, brokers, investors and other financial professionals.

Marc Branson, director of Nitinat, stated: "We are pleased to have retained Gale as a partner within the financial community. Gale has the experience and expertise to ensure that our story is communicated widely and accurately, and demonstrated the ability to employ a wide-ranging and proactive communications strategy in a competitive marketplace."

Gale will receive a monthly retainer of $5,000 during the term of the investor relations agreement. Nitinat will also issue, as compensation, an option to purchase 500,000 common shares at an exercise price of 20 cents with an expiry date 24 months from the date of this release. The options granted will vest in accordance with applicable regulations.

Nitinat also granted, in addition to the options issued to Gale, options to buy a total of one million shares, to a director and a consultant to the corporation. Each option is exercisable at 20 cents per common share and is exercisable at any time until April 6, 2015.

We seek Safe Harbor.