Nikos Explorations Ltd. (“Nikos”) (NIK: TSX-V) announces the completion of a six hole, 801 metre drilling program on the Coppercorp property. The program was designed to follow up on the significant results of drilling earlier in the year as well as to test new targets elsewhere on the property. A total of 186 samples have been sent to Actlabs of Ancaster, Ontario for analysis, and results are expected by year end.

Details of the holes drilled during the program are given in the table below, and a map showing the location of all holes drilled this year can be viewed at: www.nikosexplorations.com/projects/coppercorp.

Hole CP-05-18 was drilled to test a coincident chargeability and magnetic anomaly in the vicinity of the old copper creek shaft. The hole is located 100 metres west of Hole CP-05-15 that intersected a near surface zone grading 1.4% copper and 2.4 grams per tonne silver over 3.65 metres.

Holes CP-05-19 and CP-05-20 were drilled in the Beaver Pond area to follow up on intersections of 0.35% copper over 35.33 metres in Hole CP-05-14 and 1.62% copper over 17.8 metres in Hole CP-05-05.

Hole CP-05-21 tested a coincident gravity and mobile metal ion (MMI) anomaly in the Silver Creek area.

Hole CP-05-22 and 23, drilled from the same setup, tested the down dip potential of surface mineralization in the L-Zone in the northwestern portion of the property.

Nikos has also completed 46 line kilometres of ground magnetic, gravity surveys, geological mapping and soil sampling for MMI geochemistry over a portion of the regional magnetic high. This two by four kilometre airbourne magnetic anomaly is located approximately two kilometers east of the Mine Trend lineament along which most of the drilling has been conducted to date.

Results of the gravity survey indicate four anomalies of 0.45 to 0.5 mGal in the central and west portions of the grid and a weaker 0.2 mGal anomaly in the southern portion of the grid (see map at www.nikosexplorations.com/projects/coppercorp ). The stronger anomalies lie immediately west of a northwest-southeast trending area of high magnetic intensity. Mapping in the area to the east of a 0.45 mGal gravity anomaly found copper mineralization in the form of chalcocite and malachite present as veins and amygdules in amygdaloidal basalt. Samples of the mineralization assayed up to 5.4% copper as shown in the following table.

Samples were analyzed by inductively coupled plasma-optical emission spectroscopy (ICP-OES) following a four acid digestion at Actlabs of Ancaster, Ontario. Samples that were overlimit for copper were re-assayed by Atomic Absorption (AA). Standards, blanks and field duplicates are routinely submitted with each batch of samples. Roger Moss P.Geo, President of Nikos is the qualified person for the project and prepared this release.

Nikos is earning a 100% interest in the Coppercorp Property from the Batchawana Group of prospectors.

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

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.