Sanwire Corp (SNWR)

[66chevelle396]

PR today-Grass Roots Report + Target

LAS VEGAS, NV -- (MARKET WIRE) -- 06/22/10

NT Mining Corporation (PINKSHEETS: NTMG) (the Company) reports that Grass Roots Research and Distribution, Inc. (Grass Roots) has issued a positive analysis summary of the Company and raised its long term target price to $0.82 from the closing price of $0.33 on June 8th when the report was issued.

The Grass Roots analysis of growth estimates in the report assumes that NTMG will successfully raise approximately $2.5 million in funds in fiscal 2010: "Based on an average of these methods, NTMG common stock is valued at $0.82 per share, 147.2% higher than the current market price of $0.33."

The new analysis and projections follows several recent positive news announcements issued by the Company:

Note: This current valuation does not include the additional potential from the expected acquisition of the gold mining property in Valentine Mountain, which could add up to $0.28 - $0.31 per share to the current price target.
The Grass Roots report project revenues of approximately $4.8 million for fiscal year end December 31, 2011 and $28.4 million by 2016. Margins are likely to expand as the Company's assets are concentrated in low cost producing areas. The Company expected to be cash flow positive by 2012.
The Cohen Price Target is calculated using market-based multiple valuation, Discounted Cash Flow (DCF) and by applying the Cohen Price Performance Index approach. The multiple based valuation approach uses the expected 2010 Price-to-Earnings and Price-to-Capital Employed ratio. This report also include the Cohen Price Performance Index, which is representative of the past coverage performance of all stocks evaluated by us. The last component in calculating the Cohen Price Target is the value derived using the long-term Cohen Discounted Cash Flow (DCF) valuation approach.
Based on an average of these methods, NTMG common stock is valued at $0.82 per share, 147.2% higher than current market price of $0.33.
The entire Grass Roots Research report can be viewed by clicking on the following link: http://www.grassrootsrd.com/grassrootsrd/Reports/NT_Mining_Corporation_06_08_2010.pdf

Grass Roots has been compensated by NT Mining Corp. for the preparation of the report which includes a complete compensation disclosure.