RNS Number:8533X
Investika Ltd
06 June 2007



                                 INVESTIKA LTD

                       EXTENSION OF BERONG MINING PERMIT


6 June 2007


Berong Nickel Corporation (BNC), in which the Company has an 18.7% interest, has
advised that on the 25th May 2007 the company made a presentation to the
Department of Environment and Natural Resources of the Philippines (DENR).

Secretary Angelo T. Reyes of the DENR and Director Horacio C. Ramos of the Mines
and Geosciences Bureau (MGB) presided on Berong's MPSA (Mineral Production
Sharing Agreement) application covering the 288 hectare Berong Project (MPSA
Application APSA-IVB-047).

BNC management believes this MPSA will now be processed shortly.  This MPSA area
will also cover the current Direct Shipping Operations.

The presentation also covered BNC's other MPSA areas and the plans for value
added processing of the laterite ore.  BNC management have full confidence these
other MPSA areas will be processed before the end of 2007.

The Directors note the statement by the DENR on 5 June 2007 that it has approved
an MPSA for BNC's nickel project and are looking forward to receiving the
supporting paperwork.




Enquiries to:



Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480


James Joyce
WH Ireland Limited
Telephone: 020 7220 1666



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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