Niko Announces Board Changes

CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) today announced that three of its current directors, C.J. (Jim) Cummings, Stewart Gossen and Conrad P. Kathol, have resigned effective immediately.

The Board of Directors now consists of Kevin Clarke, Steven Gendal, William Hornaday, Alan Knowles, Vivek Raj and Joshua Sigmon. Current members of the Board provide extensive experience, knowledge and expertise in international oil and gas operations and financial and operational restructuring. This expertise is key to achieving the Company's strategic objectives which include focusing on core assets in India and Bangladesh, reducing exposure to drilling commitments while preserving upside optionality and restoring financial stability.

The Company also disclosed that Mr. Tim Henry has resigned as Vice President, General Counsel and Corporate Secretary in order to pursue other opportunities.