Nikos Explorations Ltd. (TSX VENTURE:NIK) ("Nikos" or the "Company") is pleased
to announce that it has received TSXV approval of and completed the non-brokered
private placement ("Private Placement") announced in its press release of
December 23, 2013. The Company raised gross proceeds of $80,000 from the sale of
1,600,000 units at a price of $0.05 per Unit, with each Unit consisting of one
common share ("Share") and one warrant entitling the holder thereof to purchase
one additional Share of the Company at a price of $0.10 for the period to
February 12, 2016. The net proceeds from the Private Placement will be used for
continuing exploration on and in connection with the acquisition of the Borden
Lake Extension Project, and for working capital. The securities being issued
pursuant to the Private Placement will be subject to a four month hold period to
June 13, 2014 in accordance with applicable Canadian securities law.


The securities offered pursuant to the Private Placement have not been and will
not be registered under the U.S. Securities Act of 1933, as amended, or
applicable state securities laws, and may be not be offered or sold in the
United States absent registration or an exemption from such registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Borden Lake Extension:

The Borden Lake Extension Project lies immediately east of Probe Mines' Borden
Lake gold property where recent exploration has defined pit constrained
indicated resources of 3,686,000 ounces of gold (112,844 M tonnes grading
1.02g/t gold) and inferred resources of 625,000 ounces of gold (18,036 M tonnes
grading 1.08g/t gold) at a 0.5g/t cut-off grade. 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. Note that mineralization on the Probe Mines property may not be
representative of mineralization that may be found on the Nikos Property, nor is
there any guarantee that economic mineralization will be identified on the Nikos
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 44,475,406 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 visit our website at: www.nikosexplorations.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nikos Explorations Ltd.
Roger Moss
President
416-516-6050
www.nikosexplorations.com