Nikos Explorations Ltd. (NIK: TSX-V) has received analytical results for samples from the first drill program undertaken at the Coppercorp Property in over 30 years. These results are for all six holes drilled during the 1,000 metre program recently completed on the property.

Copper mineralization was intersected in five of the six holes, and is dominated by chalcocite and native copper with lesser malachite and bornite. Calcite veins and quartz-calcite vein breccias within basalt are common hosts of the mineralization, although chalcocite and native copper also occur as disseminated grains and veinlets in basalt and conglomerate. Highlights of the results are given below:

Hole	Inclination	Azimuth	From	To	Estimated	Cu	Ag	Au
(CP-)			(m)	(m)	True Width	(%)	(g/t)	(g/t)
CP-05-01	-45°	240°	No significant values
CP-05-02	-45°	240°	9.35	11.7	2.21	2.73	20.7	0.1
			100.35	100.8	0.45	0.66	4.6	<0.1
CP-05-03	-45°	240°	67.85	71.2	3.15	0.74	4.7	<0.1
including			67.85	68.3	0.43	2.71	0.4	<0.1
and			70.8	71.2	0.4	3.02	0.9	<0.1
			103.7	104.2	0.5	1.21	1.2	<0.1
			146	148.7	2.66	6.38	58.3	0.5
including			146	147.2	1.18	11.96	120	1.12
CP-05-04	-45°	240°	58	58.5	0.43	1.12	0.7	<0.1
			75.4	75.9	0.5	3	4.4	<0.1
CP-05-05	-50°	60°	48	63.8	7.9	1.95	1.9	<0.1
			79.1	114.7	17.8	1.72	5.3	<0.1
including			90.8	112.7	10.95	2.52	8.2	<0.1
including			109	112.7	1.85	9.49	0.15	<0.1
CP-05-06	-50°	60°	8.4	11.7	1.65	0.89	5.1	<0.1
including			10.1	10.75	0.33	2.59	19.5	<0.1
			58.1	59.9	0.31	0.67	3.5	<0.1

Holes CP-05-01 to CP-05-04 tested the central portion of a strong chargeability anomaly over a strike length of 300 metres, and only hole CP-05-01 did not intersect mineralization, thereby leaving the anomaly unexplained in that area.

Hole CP-05-05 was collared 300 metres south of CP05-04, and was drilled beneath a surface copper occurrence to test for mineralization at depth. Two significant zones of mineralization were intersected in basalt and vein breccia between vertical depths of 37 metres and 86 metres. The longer intersections in this hole are particularly encouraging, and may indicate a change from dominantly vein style mineralization to more disseminated mineralization towards the southeast. The mineralized zones in hole CP-05-05 remain open to the southeast and down dip.

Hole CP-05-06 was drilled 50 meters along strike to the northwest of hole CP-05-05, and intersected near surface disseminated chalcocite in conglomerate.

The NQ size core was sawn in half and samples were taken from one half of the core and the second half was stored for reference purposes. Samples were analyzed by Activation Laboratories of Ancaster, Ontario, a laboratory accredited to ISO 17025 standards. Copper and silver were analyzed by ICP-OES following a four acid digestion. Samples with values greater than 0.5% copper were reassayed by atomic absorbtion (AA). Gold was analyzed initially by INAA and by fire assay with a gravimetric finish (FA/Grav) for samples with greater than 1g/tonne gold. Nikos submitted standards and blanks along with the samples. Roger Moss, Ph.D., P.Geo., President of Nikos is the qualified person for the project as defined in NI 43-101 and prepared this news release.

Background

The Coppercorp property extends over 42 square kilometres, and covers the past producing Coppercorp mine. The recent drilling was carried out to the southeast of the old mine workings at the southeastern end of a 5km long magnetic lineament (the “mine trend” lineament), along which 22 surface samples assayed more than 1% copper.

The “mine trend lineament” is one of three targets that occur on the Coppercorp property. Other targets include the regional mag high and the Upper Gimlet magnetic high. The regional mag high is a 3km by 3km airborne magnetic anomaly with a coincident gravity anomaly prospective for bulk tonnage iron oxide copper gold style mineralization. The Upper Gimlet magnetic high is an unexplored airborne magnetic high that occurs in the Archean greenstone on the eastern edge of the property.

The target at the Upper Gimlet is a mineralized intrusive porphyry or breccia pipe. Nikos Explorations Ltd. is an exploration company focused on the acquisition, exploration and development of copper-gold projects in the Americas and is currently exploring three Ontario properties for their iron-oxide copper gold potential.

For more information please contact:
Roger Moss, President
Tel: 416-516-6050

E-mail: info@nikosexplorations.com or visit our website at: www.nikosexplorations.com

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