NiMin Energy Corp.
TSX : NNN
OTCBB : NEYYF

NiMin Energy Corp.

October 22, 2012 15:57 ET

NiMin Energy Corp. Announces Filing of Third Quarter 2012 Results

CARPINTERIA, CALIFORNIA--(Marketwire - Oct. 22, 2012) - NiMin Energy Corp. (TSX:NNN)(OTCBB:NEYYF) (the "Company" or "NiMin") today announced that is has filed the financial results prepared in accordance with generally accepted accounting principles in the United States for the quarter ended September 30, 2012. Copies of the Company's quarterly reports may be obtained via the Company's website at www.niminenergy.com and via SEDAR at www.sedar.com. Additionally, we also filed reports with the United States Securities and Exchange Commission available at www.sec.gov.

As previously announced, and as a reminder to investors, the Company's board of directors has declared an initial distribution to shareholders of US$1.01 per Common Share in connection with the winding up of NiMin. The distribution will be made as a return of capital to shareholders of record at the close of business on October 9, 2012, and the stated capital of the Company will be reduced accordingly. Pursuant to the TSX's "Due Bill" trading procedures, trades of Common Shares entered into from and including October 4, 2012 until and including October 22, 2012 will have a Due Bill attached which will allow the purchaser to receive the initial distribution instead of the seller, even if such trades are settled after the October 9, 2012 record date. Thus, any trades that are executed during the Due Bill process will be automatically flagged to ensure that purchasers receive the entitlement and sellers do not.

Investors who enter into trades to purchase Common Shares on or after the ex-distribution date of October 23, 2012 will not be entitled to the distribution. The Due Bills will be redeemed on October 25, 2012 once all trades with attached Due Bills entered into up to October 22, 2012 have settled.

About NiMin Energy

NiMin is an Alberta incorporated company that has initiated the voluntary winding up and dissolution of the Company, which was approved by the shareholders on June 26, 2012. Further information regarding the voluntary winding up of the Company will be made when available.

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