Error releasing projects with deep nested parent-child relationship between itself and some of it's modules

Error occurs in the prepare release step.

To replicate, try to release the maven project and you will get this error:

[INFO] Updating local copy against the scm...
[INFO] Verifying that there are no local modifications...
[ERROR] org.apache.maven.shared.release.ReleaseFailureException: Can't release project due to non released dependencies :
org.apache.maven.reporting:maven-reporting-api:jar:2.0.5-maestro-1.2-SNAPSHOT:compile
in project 'Maven Core' (org.apache.maven:maven-core:jar:2.0.5-maestro-1.2-SNAPSHOT)
at org.apache.maven.shared.release.phase.CheckDependencySnapshotsPhase.checkProject(CheckDependencySnapshotsPhase.java:225)
at org.apache.maven.shared.release.phase.CheckDependencySnapshotsPhase.execute(CheckDependencySnapshotsPhase.java:101)
at org.apache.maven.shared.release.DefaultReleaseManager.prepare(DefaultReleaseManager.java:205)
at org.apache.maven.shared.release.DefaultReleaseManager.prepareWithResult(DefaultReleaseManager.java:118)
at org.apache.maven.continuum.release.executors.PrepareReleaseTaskExecutor.execute(PrepareReleaseTaskExecutor.java:43)
at org.apache.maven.continuum.release.executors.AbstractReleaseTaskExecutor.executeTask(AbstractReleaseTaskExecutor.java:67)
at org.codehaus.plexus.taskqueue.execution.ThreadedTaskQueueExecutor$ExecutorRunnable$1.run(ThreadedTaskQueueExecutor.java:116)
at edu.emory.mathcs.backport.java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:442)
at edu.emory.mathcs.backport.java.util.concurrent.FutureTask.run(FutureTask.java:176)
at edu.emory.mathcs.backport.java.util.concurrent.ThreadPoolExecutor$Worker.runTask(ThreadPoolExecutor.java:665)
at edu.emory.mathcs.backport.java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:690)
at java.lang.Thread.run(Thread.java:619)