Nanika Resources Inc.

Nanika Resources Inc.

April 30, 2009 13:35 ET

Nanika Announces Work Program on the "Indi Property" Adjacent to "Silver Coin"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - Nanika Resources Inc. (TSX VENTURE:NKA)(FRANKFURT:C7X) announces a multiphase exploration program on the "Indi Property" located approximately 24 kilometres north of Stewart, British Columbia. The property is contiguous and part of the "Silver Coin" Gold project that Pinnacle Mines Ltd. (TSX VENTURE:PNL) has commenced a scoping review on. Pinnacle announced on April 27, 2009 that the Silver Coin property, with a NI 43-101 compliant resource of 423,002 ounces of gold and 3,423,531 ounces of silver in the measured and indicated category (9.7 million tonnes grading 1.355 grams per tonne and 10.968 grams per tonne respectively) plus 947,988 ounces of gold and 2,757,247 ounces of silver in the inferred category (15.95 million tonnes grading 1.849 grams per tonne and 5.377 grams per tonne respectively), is to undergo a Scoping review. Pinnacle intends this review to build strong foundation for the anticipated feasibility study in 2010.

As a result of the encouraging results on the adjacent Silver Coin property, and the fact the property is located in the Stewart Mining Camp, Nanika believes that a multi-phase exploration program is warranted on the Indi Property.

Phase One will involve a review and compiling of all existing data on the Indi property followed by a site visit of Nanika representatives in May of 2009.

Phase Two of the 2009 exploration program is expected to commence as weather permits. The plan is to undertake regional exploration on the underexplored west side of the property and will include regional stream sampling, locating known showings. In addition, select areas may undergo systematic geochemical sampling, rock chip sampling, and possible trenching.

Phase Three is a drilling and trenching program to commence on warranted target areas and is expected to take place in summer or fall, once permits are in place.

Nanika's President and CEO, James Jacuta, commented that, "The 2009 work program on the Indi property is an exciting addition to Nanika's activities. We have recently announced a Joint Venture Agreement on our molybdenum property and now add the Indi property which is an exciting property with remarkable potential. I am pleased that Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) bring their wealth of experience in the area to our work as our Joint Venture partners on the Indi Property."

Derrick Strickland, P. Geo., MBA, a qualified person under National Instrument 43-101 has been retained to supervise Nanika's work program on the Indi property and has reviewed and approved the technical disclosure in this news release. Mr. Strickland has over 20 years experience working in Canada, USA, Europe, Mexico, Mongolia, and Japan, among other countries.

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 (IROC) accepts responsibility for the adequacy or accuracy of this release.

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