SOURCE: NT Mining Corporation

June 09, 2010 10:00 ET

NT Mining Signs LOI to Acquire Second Gold Property

LAS VEGAS, NV--(Marketwire - June 9, 2010) - NT Mining Corporation (PINKSHEETS: NTMG) (the Company) reports that it has signed a Letter of Intent ("LOI") with the owner of a gold property located on Valentine Mountain in southern British Columbia, Canada as previously reported in an earlier announcement. Both parties are now focused on moving forward to a formal agreement to complete the transaction.

This acquisition, in addition to the start of production on its 100% owned Bullmoose Mine in the NorthWest Territories, Canada, will allow the Company to greatly reduce costs and increase profitability by focusing on year round gold production By owning two properties, the Company can reduce risk and operational costs.

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:

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.

Contact Information