Minati Capital Corp. Provides an Update on Its Qualifying Transaction

March 2, 2011: Vancouver, BC - Minati Capital Corp. (TSX-V:MNN.P) (“Minati or the “Company”) announces that it has been granted conditional approval by the TSX Venture Exchange in connection with its qualifying transaction with Lateegra Gold Corp. The Company’s filing statement dated February 28, 2011 has been filed on SEDAR and is posted under the Company’s profile at www.sedar.com. Closing of the qualifying transaction is scheduled to occur on March 11, 2011.

Revised Terms of Private Placement

The Company has revised the terms of its concurrent non-brokered private placement announced on December 16, 2010 to increase the number of units (“Units”) being issued. The Company will now issue a total of 10,750,000 Units for gross proceeds of up to $1,070,000, as follows:

The Company will issue up to 8,000,000 Units at a price of $0.065 per Unit for gross proceeds of up to $520,000. Each Unit will consist of one common share (“Share”) and one-half of one warrant (“Warrant”), with each whole Warrant being exercisable into one additional Share (“Warrant Share”) for a period of five years from the date of issuance at an exercise price of $0.15 per Warrant Share.

The Company will also issue up to 2,750,000 Units at a price of $0.20 per Unit for gross proceeds of up to $550,000. Each Unit will consist of one Share and one-half of one Warrant, with each whole Warrant being exercisable into one additional common share (“Warrant Share”) for a period of one year from the date of issuance at an exercise price of $0.15 per Warrant Share.

Appointment of Vice President, Exploration

Upon closing of the transaction, the Company will be appointing J. Douglas Blanchflower, P. Geo. as the Vice-President, Exploration. The following is a brief description of Mr. Blanchflower’s background:

Mr. Blanchflower brings 40 years of mineral exploration experience to the Company. He is a Professional Geologist registered with the Association of Professional Engineers and Geoscientists of British Columbia and the Association of Professional Geoscientists of Ontario. Mr. Blanchflower worked for a number of major mining companies prior to founding Minorex Consulting Ltd. in 1982. As a geological consultant, he has implemented and supervised many gold-silver, uranium and base metal exploration programs throughout North and South America and Asia. During his career, Mr. Blanchflower has served as a director and senior management with several mining companies including: Rea Gold Corporation and Noront Resources Ltd. during the discovery and exploration of the McFaulds Lake Cu-Ni-PGM-Cr deposit. He is currently a Director of Pacific Bay Minerals Ltd.

On completion of the transaction, the Company will be granting to Mr. Blanchflower 161,000 options, such options to be exercisable at a price of $0.20 per Share for a period of five years from the date of grant.

For further information contact:

Geoff Balderson President, Chief Executive Officer, Chief Financial Officer and Secretary

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

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder

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approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

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.