Nikos Explorations Ltd.
NIK: TSX-V
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NIKOS Announces New Director and Granting of Options

Vancouver, February 9, 2016. Nikos Explorations Ltd. (TSX-V: NIK) (“Nikos” or the “Company”) it is with sadness and regret that Nikos announces the passing of Michael Kuta, a director of the Company. Mr. Kuta provided valuable advice to the Company for over nine years and will be sorely missed. Our thoughts are with his family during this difficult time.

Dr. Trevor Boyd, Ph.D, P.Geo will replace Mr. Kuta as a director of the Company. Dr. Boyd is a professional geologist with over 30 years of experience in the mining industry working as a qualified person, officer and director with both private and public companies. During the last twelve years, he has worked as a self-employed consultant most recently in an affiliation with Caracle Creek International Consulting. Dr. Boyd is a member of the Association of Professional Geologists of Ontario and a qualified person as defined by National Instrument 43-101. Trevor was a Director and Vice-President of Exploration of Reliant Gold Corp. (TSX-V: REC) until January, 2016. He presently acts as President of private corporation Asia New Energy Corp., and remains the qualified person for Adex Mining Inc. and private company Canadian North Resources and Development Corp.

“I would like to welcome Dr. Boyd to the Nikos Board of Directors and believe that his experience in exploration, especially with Reliant Gold in the Borden Lake area, will be a significant benefit to Nikos as we continue to explore our Borden Lake Extension project this year,” said Roger Moss Nikos President and CEO.

The company also announces the grant of 700,000 share purchase options to Directors, Officers and Consultants in accordance with the Company’s stock option plan. The options will vest over one year, with 25% vesting every three months, have a price of $0.06 and a 5 year term to February 9, 2021.

About Borden Lake Extension:

The Borden Lake Extension Project covers an area of 36 square kilometres and lies approximately 5 km southeast of Goldcorp’s Borden Lake high grade gold zone where exploration has defined underground constrained indicated resources of 1.6 MMoz grading 5.39g/t Au and inferred resources of 0.4 MMoz grading 4.37 g/tAu. This zone remains open along strike to the southeast.  In addition, a lower grade pit constrained indicated resource of 2.3 MMoz grading 1.03g/t gold has been defined. 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 13,895,074 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.

For more information please contact:               Roger Moss, President      Tel: 416-704-8291

Or visit our website at: www.nikosexplorations.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.