NIKOS Announces Grant of Stock Options

Nikos Explorations Ltd. (TSX VENTURE:NIK) ("Nikos" or the "Company") is pleased
to announce that the Company's board of directors has approved the grant of
750,000 stock options to the Company's directors and officers pursuant to the
Company's Stock Option Plan. The options are exercisable at $0.05 per share, and
if not exercised, expire February 27, 2019, subject to earlier expiration in
accordance with the Stock Option Plan and the applicable policies of the TSX
Venture Exchange.


About Borden Lake Extension:

The Borden Lake Extension Project lies immediately east of Probe Mines' Borden
Lake gold property where recent exploration has defined pit constrained
indicated resources of 3,686,000 ounces of gold (112,844 M tonnes grading
1.02g/t gold) and inferred resources of 625,000 ounces of gold (18,036 M tonnes
grading 1.08g/t gold) at a 0.5g/t cut-off grade. Exploration carried out by
Nikos is the first known work on the property, which is located in the
Kapuskasing structural zone. Nikos holds an option to earn a 100% interest in
the property. Note that mineralization on the Probe Mines property may not be
representative of mineralization that may be found on the Nikos Property, nor is
there any guarantee that economic mineralization will be identified on the Nikos
Property.


About Nikos Explorations:

Nikos Explorations is a Canadian based mineral exploration company focused on
the acquisition and exploration of prospective gold projects in the Americas.
The company has 44,475,406 shares issued and outstanding and trades on the TSX
Venture Exchange under the symbol NIK.


Roger Moss, PhD., P. Geo., is the qualified person for all technical information
in this release.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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