Mr. Herbert Brugh reports

MARTINA ANNOUNCES DEBT CONVERSION

Martina Minerals Corp.'s previously announced debt conversion has been amended. Pursuant to the amended debt conversion agreements with the six creditors, all of which are arm's-length parties to the corporation, the corporation will now issue an aggregate of 9,163,000 common shares to the creditors in exchange for the cancellation of $320,705 in debt owing to the parties.

The issuance of the debt shares is subject to the approval of the NEX. All securities issued pursuant to the debt conversion are subject to a statutory four-month hold period.

We seek Safe Harbor.