Submission to the Ministry of Mines

Nyota Minerals Limited ("Nyota or the "Company")

Submission to the Ministry of Mines

Nyota Minerals Limited (ASX/AIM: NYO), the gold exploration and development company in East Africa is pleased to announce that it has submitted the technical elements of the ongoing Definitive Feasibility Study ("DFS") to the Ethiopian Ministry of Mines ("MoM") to support its application for the conversion of its Exploration Licence for Tulu Kapi into a Mining Licence.

Over the coming months, Nyota will undertake the final stages of the work required to complete the DFS, including the optimisation of the economic parameters and the completion of the infill drilling programme designed to materially increase the Indicated Mineral Resource at Tulu Kapi and identify the Ore Reserve estimate that will form the basis for the open-pit mine plan. These aspects of the DFS are key to defining the mine life and forecast economics of the Tulu Kapi project and are on schedule to be completed in Q3 2012.

The documents submitted to the MoM will enable it to commence its technical review of the Tulu Kapi project, which is a pre-requisite for the terms of the Mining Licence to be agreed, while the economic parameters for the DFS, which should support the issue of a Mining Licence, are finalised. The Board believes that negotiations with the MoM have progressed well and remains expectant of securing a Mining Licence for Tulu Kapi in the second half of 2012 and of achieving its current development timetable aimed at first gold production in the fourth quarter of 2014.

Richard Chase, Chief Executive Officer, commented "The submission of the technical data of the DFS to the Ministry of Mines is part of Nyota's ongoing application for a mining licence first submitted in May 2011. The data allows the Ministry of Mines to begin a detailed review of the Tulu Kapi gold project ahead of the final economic parameters and a reserve statement being completed in Q3 2012 which will enable us to complete the DFS."

For enquiries please contact:

Richard Chase (CEO) / Anthony Rowland (Business Development)

Nyota Minerals Limited

+44 (0) 2074005740

[email protected]

NOMAD

Richard Morrison / Jen Boorer

RFC Ambrian Limited

+44 (0)20 3440 6800

BROKER

Guy Wilkes

Ocean Equities Limited

(+44) (0) 20 7786 4370

BROKER

Rory Scott

Mirabaud Securities LLP

+44 (0)20 7878 3360

FINANCIAL PR

Jos Simson / Emily Fenton

Tavistock Communications

+44 (0) 20 7920 3150

Or visit: http://www.nyotaminerals.com 

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement