NIKOS Announces Positive Results of Test VLF Survey and Options More Ground at Borden Lake Extension Project

Nikos Explorations Ltd. (TSX VENTURE:NIK) ("Nikos") is pleased to announce the
results of an initial very low frequency - electromagnetic (VLF) survey recently
completed at the Borden Lake Extension Project near Chapleau, Ontario. The VLF
survey was completed in the vicinity of soil gas hydrocarbon (SGH) anomalies
reported last year (see news release dated September 23rd, 2013) to test the
method for more widespread use on the property. 


The survey was carried out on two lines oriented northeast-southwest to identify
potential conductive horizons associated with known northwest-southeast trending
lineaments (see maps at http://nikosexplorations.com/projects/borden_lake/).
Five anomalies were outlined. The strongest conductors identified on both lines
are 120 to 140 metres apart and may represent either a strong wide conductive
zone or two narrow zones. These anomalies lie immediately southeast of the SGH
anomalies along the same northwest-southeast lineament. Both the VLF and SGH
anomalies remain open to the northwest and southeast. While these initial
results are positive, further work is required to determine the nature and
extent of the anomalies. A follow up VLF survey and geochemistry are planned for
the coming field season.


Nikos has entered into an option agreement to earn a 100% interest in six
claims, covering an area of approximately 10.6 square kilometres, to the south
of the current claim block to cover the potential southeast extension of the VLF
and SGH anomalies. The terms of the option are as follows:


Following TSX Approval: $6,000 cash and 75,000 shares 

1st Anniversary: $15,000 cash and 105,000 shares 

2nd Anniversary: $24,000 cash and 150,000 shares 

3rd Anniversary: $36,000 cash and 180,000 shares 

A 2% net smelter royalty, half of which may be bought back for $1 million

In addition, a bonus payment of $600,000 in cash or shares will be paid if and
when a National Instrument 43-101 report is filed demonstrating an indicated
resource of at least 1 million ounces of gold.


 "We are very excited about the potential of our Borden Lake Extension Project,
especially given the proximity to Probe Mines' growing Borden Lake Deposit and
decided to secure additional ground along the northwest-southeast trend," said
President Roger Moss. "We will continue to explore the property in a cost
effective manner through 2014."


About Borden Lake Extension:

The Borden Lake Extension Project lies southeast of Probe Mines' Borden Lake
gold zones 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.


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 12,065,081 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