SOURCE: NT Mining Corporation

May 17, 2010 10:46 ET

NT Mining Completes First Phase of Financing

LAS VEGAS, NV--(Marketwire - May 17, 2010) -  NT Mining Corporation (PINKSHEETS: NTMG) (the Company) is pleased to report that it has completed the initial stage of a private placement as part of its total financing objective of $2.5 million.

The Company will use the initial proceeds for general working capital, and to complete its corporate audit and update its requisite filings with the SEC and OTCMarkets to achieve a current standing. The Company also plans to arrange the transportation of additional mining equipment to the site of its Bullmoose Gold Mine in preparation for re-opening the mine and operations this summer.

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 Bullmoose mine's estimated value is US$55 million based on a spot gold price of US$1200/oz. 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:

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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