Nikos Explorations Ltd. (NIK: TSX – V) ("the Company") announced that it has issued the final instalment of 5,000,000 shares of the Company to Amerigo Resources Limited ("Amerigo") pursuant to an Assignment Agreement dated January 15, 2004 between the Company and Amerigo, under which the Company acquired an interest in three exploration stage mineral resource properties located in Ontario. This transaction received TSX-Venture Exchange approval on June 3, 2004.

As consideration, the Company issued to Amerigo 5,000,000 shares on June 3, 2004, with a further 5,000,000 shares issuable if the Company retained an interest in any of the three properties by June 30, 2005. The Company has retained its interest in all three properties assigned by Amerigo. Amerigo has ownership of and control over a total of 10,000,000 shares of the Company, representing 27% of the Company’s issued and outstanding shares.

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 416-516-6050

Or visit our website at www.nikosexplorations.com 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.