Atikwa Resources Inc. Announces Proposed Share Consolidation

Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) today
announced the proposed consolidation of its issued and outstanding common shares
(the "Shares") on a basis of up to a maximum of thirty (30) pre-consolidation
Shares for every one (1) post-consolidation Share (the "Consolidation"). The
proposed Consolidation is subject to the approval of the Company's shareholders
and the TSX Venture Exchange. Shareholders of Atikwa will be asked to approve
the Consolidation at a special meeting of the Company to be held on Friday, June
14, 2013 (the "Meeting"). Additional information regarding the proposed
Consolidation is available in the Company's management information circular
which will be mailed to Atikwa shareholders in connection with the Meeting and
made available on SEDAR under the Company's profile at www.sedar.com.


Management has been pursuing a range of strategic alternatives for the Company
over the last six months and continues active negotiations with a number of
interested parties. The consistent theme during negotiations in the strategic
alternatives process has been that it's necessary for the Company to undergo a
consolidation of share capital prior to any recapitalization. Management
believes the Consolidation will provide the Company with a share capital
structure that will better position Atikwa for a definitive transaction, while
the Consolidation range will allow for flexibility in negotiating potential
transaction terms as well as attracting new equity financing. 


Atikwa currently has 286,784,582 Shares issued and outstanding. If the
Consolidation is implemented at the maximum thirty-to-one (30:1) ratio, the
Company will have approximately 9,559,486 post-Consolidation Shares issued and
outstanding, subject to the treatment of any fractional post-Consolidation
Shares. The precise Consolidation ratio will be determined by the Board,
following Shareholder approval, in accordance with regulatory requirements for
listing. The Company will not be changing its name or trading symbol as part of
the Consolidation, however it may pursue a name change in the future in
connection with the strategic alternatives process, subject to shareholder and
regulatory approval. 


Note Regarding Forward Looking Statements

This press release contains forward-looking statements relating to the future
operations of the Company. Forward-looking statements are often identified by
terms such as "will", "may", "should", "anticipate", "believes", "expects" and
similar expressions. 


The forward-looking statements are based on certain key expectations and
assumptions made by Atikwa, including expectations and assumptions concerning
timing of receipt of required shareholder and regulatory approvals.


Although Atikwa believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Atikwa can give no assurance
that they will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, risks that required shareholder and regulatory approvals and risks
that other conditions to the completion of the proposed Consolidation are not
satisfied.


The forward-looking statements contained in this press release are made as of
the date hereof and Atikwa undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atikwa Resources Inc.
Sean Kehoe
President & CEO
403-233-6092