SOURCE: NT Mining Corporation

June 22, 2010 06:00 ET

Grass Roots Research Announces NTMG Target Price of $0.82

LAS VEGAS, NV--(Marketwire - June 22, 2010) -  NT Mining Corporation (PINKSHEETS: NTMG) (the Company) reports that Grass Roots Research and Distribution, Inc. (Grass Roots) has issued a positive analysis summary of the Company and raised its long term target price to $0.82 from the closing price of $0.33 on June 8th when the report was issued.

The Grass Roots analysis of growth estimates in the report assumes that NTMG will successfully raise approximately $2.5 million in funds in fiscal 2010: "Based on an average of these methods, NTMG common stock is valued at $0.82 per share, 147.2% higher than the current market price of $0.33."

The new analysis and projections follows several recent positive news announcements issued by the Company:

  • Note: This current valuation does not include the additional potential from the expected acquisition of the gold mining property in Valentine Mountain, which could add up to $0.28 - $0.31 per share to the current price target.
  • The Grass Roots report project revenues of approximately $4.8 million for fiscal year end December 31, 2011 and $28.4 million by 2016. Margins are likely to expand as the Company's assets are concentrated in low cost producing areas. The Company expected to be cash flow positive by 2012.
  • The Cohen Price Target is calculated using market-based multiple valuation, Discounted Cash Flow (DCF) and by applying the Cohen Price Performance Index approach. The multiple based valuation approach uses the expected 2010 Price-to-Earnings and Price-to-Capital Employed ratio. This report also include the Cohen Price Performance Index, which is representative of the past coverage performance of all stocks evaluated by us. The last component in calculating the Cohen Price Target is the value derived using the long-term Cohen Discounted Cash Flow (DCF) valuation approach.
  • Based on an average of these methods, NTMG common stock is valued at $0.82 per share, 147.2% higher than current market price of $0.33.

The entire Grass Roots Research report can be viewed by clicking on the following link: http://www.grassrootsrd.com/grassrootsrd/Reports/NT_Mining_Corporation_06_08_2010.pdf

Grass Roots has been compensated by NT Mining Corp. for the preparation of the report which includes a complete compensation disclosure.

About NT Mining Corporation:

NT Mining Corporation is an exploration and development company conducting operations through its wholly owned Canadian subsidary "Bullmoose Mines Ltd." The company's primary asset is the former producing "Bullmoose Gold Mine." The company plans to re-activate the mine upon completion of the necessary financing and commence operations in the summer of 2010. The mine consists of one mineral lease of 395 acres and 4 mineral claims of 4,771 acres, totaling 5,166 acres. Historical reports show a potential reserve of 1 million ounces of gold (Ross Grunwald P.Eng., 1984) is possible on the mineral lease. Management believes with the expanded area of 4 additional mining claims in 2007, upon completion of expanded drilling programs over the new claims, and on existing known vein structures, a potential of 3 million ounces of gold reserve is possible at the Bullmoose mine. To view a Geological technical report on the property, please click on the following link: http://ntminingcorp.com/reports/MitchellReport2008.pdf

Safe Harbor Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 -- forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at NT Mining Corp.'s stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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