Nikos Explorations Ltd. ("Nikos") (NIK: TSX-V) announces that Ms. Marion McGrath resigned today as a director of the Company. Dr. Roger Moss, President of Nikos, stated, "Nikos is very grateful for the contributions made by Ms. McGrath over the past several years. We wish her well in her future endeavours".

Nikos Explorations Ltd. is an exploration company focused on the acquisition, exploration and development of gold projects in the former Soviet Union.

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

Or visit our website at: www.nikosexplorations.com