SOURCE: NT Mining Corporation

May 24, 2010 09:00 ET

NT Mining in Negotiations to Acquire Second Gold Property

LAS VEGAS, NV--(Marketwire - May 24, 2010) -  NT Mining Corporation (PINKSHEETS: NTMG) (the Company) reports that it is negotiating terms with the intention of signing a Letter of Intent ("LOI") with the owner of a gold property located on Valentine Mountain in southern British Columbia, Canada.

After a recent visit to the mine site, management has concluded that the property has merit and wishes to move forward with the acquisition of its second gold property. The majority of machinery and equipment are already on site, there is good accessibility to the property, and the Southern location experiences mild weather, which will allow for year round production.

This acquisition will allow the Company to reduce costs, increase profitability, and focus on production throughout the year. With two or more projects, the risk factor and operational costs can be shared between the properties thereby increasing profitability. 

About NT Mining Corporation:
NT Mining Corporation is an exploration and development company conducting operations through its wholly owned Canadian subsidiary "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:

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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