8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                July 15, 1998
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                Date of report (Date of earliest event reported)



                      NEVADA MANHATTAN MINING INCORPORATED
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             (Exact Name of Registrant as Specified in Its Charter)

                                     NEVADA
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                 (State or Other Jurisdiction of Incorporation)


               001-12867                             88-0219765
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       (Commission File Number)           (IRS Employer Identification No.)

      5038 N. PARKWAY CALABASAS, SUITE #100, CALABASAS, CA         91302
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               (Address of Principal Executive Offices)         (Zip Code)

                                 (818) 591-4400
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                (Issuer's Telephone Number, Including Area Code)



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Item 5.           Other Events.

     This  report  is filed  solely  to file with the  Securities  and  Exchange
Commission the press release issued on July 15, 1998 announcing that the company
and certain company  stockholders  filed a lawsuit in the U.S.  Federal District
Court in Los  Angeles  seeking  damages,  among  other  things,  for an  alleged
fraudulent scheme to depress the market price of the company's common stock.


Item 7.           Financial Statements and Exhibits

         (c)

         Exhibit Number                                             Reference

         (99)     Additional Exhibits

         Press Release dated July 15, 1998                        Exhibit 99.1


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                                    SIGNATURE

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                      NEVADA MANHATTAN MINING, INCORPORATED
                                      (Registrant)
 

Date:   July 15, 1998             BY:    /s/ Jeffrey S. Kramer
                                       ----------------------------------
                                       JEFFREY S. KRAMER
                                       CHIEF FINANCIAL OFFICER


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                                  EXHIBIT INDEX

EXHIBIT NO.                         DESCRIPTION
- ----------                          -----------
99.1               Press Release dated July 15, 1998

EX-99.1

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                                  EXHIBIT 99.1


                 Nevada Manhattan Mining Inc. Announces Lawsuit
                    Challenging Manipulation of Stock Price

CALABASAS,  Calif.--(BUSINESS WIRE)--July 15, 1998--Nevada Manhattan Mining Inc.
(OTC  BB:NVMH)  Wednesday   announced  that  the  company  and  certain  company
stockholders  have filed a lawsuit  in the U.S.  Federal  District  Court in Los
Angeles seeking damages, among other things, for an alleged fraudulent scheme to
depress the market price of the company's common stock.

In the suit, brought by the Los Angeles law firm of Christensen,  Miller,  Fink,
Jacobs, Glaser, Weil & Shapiro LLP, the company and the shareholders allege that
the  defendants,  who are various  entities  holding the  company's  convertible
debentures and individuals  controlling those entities,  purchased the company's
debentures  as part of all illegal  scheme and  conspiracy  which also  involved
significant manipulative short-selling of the company's common stock.

This alleged scheme of market  manipulation  commenced in the spring of 1997 and
artificially  depressed the market price of the company's common stock, reducing
the market  capitalization  of the company by almost $150  million.  The company
also  seeks  relief  that it be excused  from any  obligation  arising  from the
debentures, including any obligations to issue common stock on conversions.

Nevada Manhattan Mining is a diversified,  environmentally  responsible,  global
natural-resource  company.  Its mission is to continue building an international
natural-resource  company by acquiring,  developing  and operating rich resource
assets,  converting  them to significant  cash-flow  generators,  thus enhancing
shareholder  value.  The  company  may  develop  these  assets  on its own or in
conjunction with selected strategic partners.

For more  information  on Nevada  Manhattan  Mining,  contact  Yvonne Cambere at
818/591-4400,  e-mail  at  administration@nevadamanhattan.com  or  visit  Nevada
Manhattan Mining's Web site at www.nevadamanhattan.com.