Nanika Resources Inc.
TSX VENTURE : NKA
FRANKFURT : C7X

Nanika Resources Inc.

September 25, 2009 11:43 ET

Nanika Adds More Property at Red Cliff

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2009) - Nanika Resources Inc. (TSX VENTURE:NKA)(FRANKFURT:C7X) is pleased to announce it has entered into an agreement to purchase an additional 13 mineral claims located in the Stewart Mining Camp.

These claims are in addition to the acquisition of claims that were announced by Nanika by news release on September 18, 2009 and on September 24, 2009 (available at http://www.nanikaresources.com).

The claims consist of 803 acres that are directly adjacent to or are within approximately 400 meters of the Decade Resources Inc. - Red Cliff Project.

By news release on September 14, 2009 Decade Resources Inc. announced drilling results of 28.4 meters of 7.3 grams per tonne of gold, including 3.66 meters of 24.05 grams per tonne of gold at the Red Cliff Project.

Nanika has agreed to pay $60,000 and issue 200,000 shares in consideration for 100% of the 13 mineral claims. There is no royalty payable. The purchase agreement is subject to TSX Venture Exchange approval.

Derrick Strickland, P. Geo., a qualified person under National Instrument 43-101 has reviewed the technical content of this release.

About Nanika Resources Inc.

Nanika Resources Inc. is a TSX Venture listed mineral exploration and development company focusing on the advancement of its mineral properties, all of which are located within Canada.

On Behalf of the Board

James D. Jacuta, Chairman, President and CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nanika Resources Inc.
    Douglas Kerr
    604-638-0699 or Toll Free: 1-866-580-0699
    or
    Nanika Resources Inc.
    Matthew Emery
    604-638-0699 or Toll Free: 1-866-580-0699
    www.nanikaresources.com