NIKOS Acquires Option to Purchase Borden Lake Extension Project, Chapleau, Ontario

Nikos Explorations Ltd. (TSX VENTURE:NIK) ("Nikos") is pleased to announce that
it has entered into an option agreement to earn a 100% interest in the Borden
Lake Extension Property located near Chapleau Ontario, subject to regulatory
approval. The agreement is subject to the approval of the TSX Venture Exchange.


The 1,598 hectare property lies immediately east of Probe Mines' Borden Lake
gold project where recent exploration has defined pit constrained indicated
resources of 2,735,000 ounces of gold (81.9 M tonnes grading 1.04g/t gold) and
inferred resources of 683,000 ounces of gold (22.9 M tonnes grading 0.93g/t
gold) at a 0.6g/t cutoff grade. 


Nikos may earn a 100% undivided interest in the property by making an initial
payment of $3,000 and issuing 250,000 common shares of Nikos upon regulatory
approval of the transaction, and then funding exploration expenditures of
$340,000, making further cash payments of $97,000 and issuing an additional
750,000 shares over the three year period of the agreement. The vendors retain a
2% royalty, half of which may be bought back by Nikos for $1 million at any
time.


Nikos intends to contract a high-resolution VTEM airborne survey over the
property early in 2013 in order to identify electromagnetic anomalies that may
be associated with gold mineralization and to help in the geological
interpretation of this underexplored area.


About Nikos Explorations:

Nikos Explorations is a Canadian based mineral exploration company focused on
the acquisition and exploration of prospective copper and gold projects in the
Americas. The company has 44,225,406 shares issued and outstanding and trades on
the TSX Venture Exchange under the symbol NIK.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nikos Explorations Ltd.
Roger Moss
President
416-516-6050
www.nikosexplorations.com