Nikos Explorations Ltd.
NIK: TSX-V
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Nikos Exploration Update

Vancouver, February 23, 2016. Nikos Explorations Ltd. (TSX-V: NIK) (“Nikos” or the “Company”) is pleased to announce its plans for exploration during 2016 to follow up on the successful exploration at the Borden Lake Extension Project during 2015.

Till samples taken in the vicinity of a weakly anomalous sample assaying 54ppb gold have been submitted to Actlabs Laboratories in Ancaster Ontario for analysis. The follow up sampling was undertaken at a detailed spacing of approximately 50 metres in the vicinity of this anomaly.

In addition, nineteen samples (10 to 20 pounds) of the till taken during 2015 have been submitted to Overburden Drilling Management (ODM) in Ottawa for investigation of the gold content. Samples will be screened to 2mm, concentrated on a shaking table and the number of gold grain present will be counted.
Finally a heavy mineral concentrate will be produced for gold analysis.

Future work planned for 2016 will follow up on the positive results of the geophysical and geochemical surveys undertaken in 2015 which included an infill program of VLF-EM carried out between lines 3+00W and 6+50E and a soil sampling program over the same area.

Results of the VLF survey show four multi-line VLF anomalies that correlate with anomalies observed in a 2014 survey and extend them a further 200m to the northwest. Weak gold anomalies resulting from mobile metal ion analyses of soil samples extend over 200 metres sub-parallel to the VLF anomalies. (See map at http://nikosexplorations.com/projects/borden_lake/ )

Follow up work currently being planned includes line cutting and an induced polarization survey in the area of the anomalies close to the boundary with Goldcorp’s Borden Lake property. An Exploration Plan has been submitted to the Ministry of Northern Development and Mines in order to carry out this work. Results of the induced polarization survey will be used to generate drill targets.

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 at a 2.5g/t Au cut-off grade. 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.

The scientific and technical content of this news release was prepared by Roger Moss, Ph.D., P.Geo a qualified person as defined by National Instrument 43-101.

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.