MTN

The Board of Martina Minerals Corp. (TSX VENTURE:MTN) ("Martina") wish to
announce that, following on from its Press Releases of 1 May 2012 of a Letter of
Intent with BlueCreek Management Mining Inc. ("BlueCreek"); a Filipino
corporation, together with the Boston Tribal Multi-Purpose Cooperative
("Bostrimco"), which is the business arm of the Boston Mandaya Tribe, based in
Boston, Davao Oriental and the Upper San Miguel Manobo Sectoral Tribal Council,
it has now executed a Strategic Development Agreement with all parties.


Following on from the Company's Press Release of 14 June 2012, Martina has also
signed an Investment Agreement with BlueCreek and Consolidated Ores Philippines
Inc. ("COPI") another Filipino corporation, controlled by the Adviento family.
COPI holds a granted MPSA on certain lands contained within the San Miguel
Ancestral Domain.


The Boston property is to the east of Mt. Diwalwal, one of the largest gold
deposits in the Philippines, which is itself immediately to the east of
Martina's TRIMA 1 property. Bostrimco currently holds its rights to some 3,813
hectares, and has a pending Exploration Permit Application for a further 10,599
hectares of land, within its Central Ancestral Domain Title.


The San Miguel property is approximately 130 kilometres to the north of Boston.
The property, which comprises approximately 20,000 hectares of land are along
the well-known and highly mineralised East Mindano fault. 


The COPI property is generally referred to as the Umalag district and is
contained within the San Miguel Ancestral Domain and was explored by Normandy
Mining during the late 1990's when the gold price was at a 23 year low.


All of the properties have received Free Prior and Informed Consent ("FPIC")
from the indigenous tribal community.


Commenting on developments Mr Willie McLucas, President and CEO of Martina said:

"I have spent the past three weeks travelling extensively along the eastern
seaboard of Mindanao with BlueCreek' s President and CEO, Eng. Edgar Martinez, a
mining engineer with more than 30 years' experience in the region and members of
his executive team to meet Tribal Leaders and Elders and the community. We look
forward to developing a close working relationship with our partners in this
venture."


The transaction is subject to regulatory approval.



ON BEHALF OF THE BOARD                                                      
                                                                            
Willie McLucas,                                                             
President and CEO, Martina Minerals Corp.                                   
+ 44 7881 816 980                                                           
wpm@martinaminerals.com                                                     
                                                                            
Harvey McKenzie,                                                            
Director and CFO, Martina Minerals Corp.                                    
+ 1 416 400 8003                                                            
hhm@martinaminerals.com                                                     
                                                                            
In the Philippines                                                          
                                                                            
Edgar Martinez,                                                             
President and CEO of BlueCreek                                              
+ 63 917 700 6056                                                           
edm.bluecreekmanagement@gmail.com                                           



To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/MartinaMineralmap827.pdf.

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