Minati Capital Corp. Closes Qualifying Transaction and Private Placement

March 21, 2011: Vancouver, BC - Minati Capital Corp. (TSX-V:MNN.P) (the “Company”) announces that it has closed as its Qualifying Transaction the option agreement (the “Option”) with Lateegra Gold Corp. (“Lateegra”) under which the Company has been granted the right to acquire up to a 75% interest in seven of Lateegra’s claim blocks all located in the Satterly Lake and Shabumeni Lake areas, Ontario. In accordance with the terms of the Option, the Company has paid $25,000 and issued 200,000 common shares (which are subject to escrow) to Lateegra. The Company also paid a finder’s fee to Minegate Resources Capital Group consisting of a cash payment of $13,314 and the issuance of 160,000 common shares (“Shares”).

On closing, Robert Findlay was appointed to the Board of Directors, Robert A. Biagioni was appointed the Chief Financial Officer and J. Douglas Blanchflower was appointed the Vice-President, Exploration.

Options were granted to directors, officers and consultants of the Company to purchase up to 1,131,000 Shares at $0.20 per Share until March 17, 2016.

The Company also concurrently closed its non-brokered private placement of a total of 10,750,000 units (“Units”) for gross proceeds of $1,070,000, as follows:

The Company issued 8,000,000 Units at a price of $0.065 per Unit for gross proceeds of $520,000. Each Unit consisted of one Share and one-half of one warrant (“Warrant”), with each whole Warrant being exercisable into one additional Share (“Warrant Share”) until March 17, 2016 at an exercise price of $0.15 per Warrant Share.

The Company also issued 2,750,000 Units at a price of $0.20 per Unit for gross proceeds of $550,000. Each Unit consisted of one Share and one-half of one Warrant, with each whole Warrant exercisable into one Warrant Share until March 17, 2016 at an exercise price of $0.30 per Warrant Share.

The Company paid a finder’s fee of $41,760, equal to 8% of $522,000 raised by the sale of Units at $0.20 per Unit. All Shares, Warrants and Warrant Shares are subject to a hold period expiring July 18, 2011.

For further information contact:

Geoff Balderson President, Chief Executive Officer and Secretary

Telephone: 604.602.0001 Fax: 604.488.0886 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

AC/1243181.1