NIKOS completes VTEM survey over Borden Lake Extension Project, Chapleau, Ontario

Nikos Explorations Ltd. (TSX VENTURE:NIK) ("Nikos") is pleased to announce that
a high-resolution VTEM (Versatile Time-Domain Electromagnetic System) airborne
survey was recently completed by Geotech Ltd. over its Borden Lake Extension
Property located near Chapleau Ontario.


The VTEM and magnetic surveys were completed in order to identify
electromagnetic anomalies that may be associated with gold mineralization and to
help in the geological interpretation of this underexplored area. The target on
the property is gold mineralization associated with disseminated sulphide, as
found on the adjacent Borden Lake property. A total of 391 line kilometers were
flown to cover the 1,598 hectare property. Results of the survey are expected in
about four weeks.


The Borden Lake Extension property 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 cutoff grade.


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.


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