Nikos Explorations Ltd. (NIK: TSX-V) (the “Company”) is pleased to announce that, subject to regulatory acceptance, the Company has arranged a non-brokered private placement consisting of up to 6,666,667 units ("Units") at $0.18 per Unit for gross proceeds of up to $1,200,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will be exercisable for an additional common share of the Company for a period of 2 years from closing at a price of $0.25.

All securities issued in connection with this financing will be subject to a four month hold period. It is anticipated that certain insiders of the Company may participate in the financing. The gross proceeds from the private placement will be used to provide the Company with additional working capital, and, as such, the Company anticipates that the private placement will close within the next three weeks. The Company may pay a cash commission in connection with a portion of this financing.

Nikos Explorations Ltd. is an exploration company focused on the acquisition, exploration and development of copper-gold projects.

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