News! November 30, 2011Proposed Acquisition, Copper Joe Update, Issuance of Stock Options and $2.5 Million Private Placement Vancouver, B.C.: AKA Ventures Inc. ("AKA" or the "Company") (TSX-V Symbol: AKA) announces that it has entered into a Letter of Intent ("LOI") for the acquisition of all of the issued and outstanding shares and outstanding warrants of BGG Resources Corporation ("BGG") a private company. BGG owns a 50% undivided interest in two mineral exploration properties located near Kingman, Mohave County, Arizona known as the Wikieup and Mineral Valley properties (the "Properties"). BGG also holds options to acquire an additional 20% interest ("the Options") in the Properties which upon exercise, would result in BGG holding a cumulative 70% undivided interest in each of the Properties. The Properties have been assembled for their potential to host porphyry copper-molybdenum systems.The Properties consist of certain mineral claims and leasehold interests held by 0733351 B.C. Ltd. ("0733351"), a private company with directors and shareholders in common with BGG. In order to exercise each of the Options, BGG is required, over the next five years, to make payments to 0733351 totalling $500,000 and complete $3.0 million of expenditures on each of the PropertiesCertain portions of the Wikieup and Mineral Valley properties are the subject of leases entered into between 0733351 and the underlying property holders ("the Leases"). The term of the Leases is 10 years, subject to a 10 year right of renewal if mining operations have been undertaken prior to the expiry of the initial 10 year term with the right to obtain a further 5 year extension thereafter. Each of the leases are subject to advanced royalty payments pursuant to a 4% net smelter return royalty ("NSR Royalty") which can be reduced to 2% upon payment of US$3.25 million to the lessors. A certain portion of the Wikieup property is also the subject of lease negotiations regarding a proposed lease with another underlying property holder (the "Proposed Lease").It is anticipated that the acquisition of BGG will be conducted by way of a securities exchange with the shareholders and warrant holders of BGG. The final structure of the transaction will be determined on the bases of tax, securities and corporate law advice in order to secure the most efficient structure for each of the parties and their respective security holders. BGG currently has 23,894,812 shares and 5,313,000 warrants outstanding and under the terms of the LOI the acquisition is anticipated to be on a 1 for 1 share basis including the issuance of 5,313,000 warrants to be exercisable at
.20 for a period of one year from closing of the transaction. The proposed transaction also involves the payment of $100,000 to BGG.The acquisition of BGG is subject to a number of conditions including: the completion by AKA of a satisfactory due diligence review of BGG and the Wikieup and Mineral Valley properties within 30 days; delivery to AKA of satisfactory audited financial statements of BGG; deliveries of title opinions and satisfactory technical reports on the Properties in compliance with National Instrument 43-101; a minimum $2.5 million private placement to be completed by AKA concurrently with the completion of the acquisition of BGG; finalization of the Proposed Lease; and receipt of all required approvals including regulatory approval. The Wikieup property consists of 139 unpatented federal lode claims covering 2280 acres and a mineral lease on 1440 acres. A second mineral lease covering 1920 acres is currently under negotiation with the owner. The property covers a prospective porphyry copper-molybdenum target comprising the hypothetical downfaulted hangingwall block of the outcropping Wikieup/Groom Peak porphyry system. The exposed parts of the Wikieup/Groom Peak are typical of the barren root zones of porphyry copper-molybdenum systems, which can produce ore grade copper mineralization at shallower levels. Normal faulting along the eastern side of the Wikieup/Groom Peak system may have decapitated the system, shifting the more prospective shallower levels of the system several kilometres to the east-northeast under 100 to 1000 meters of cover. The Wikieup property is located in a highly productive belt of porphyry copper deposits including Freeport's Bagdad Cu-Mo mine 33 kilometres to the east-southeast and Mercator Minerals' Mineral Park Cu-Mo mine 100 kilometres to the northwest.The Mineral Valley property comprises 145 unpatented federal lode claims covering 2604 acres, 2 Arizona mineral exploration permits covering 1320 acres, and a mineral lease covering 3635 acres. The property covers a prospective porphyry copper-molybdenum target comprising the hypothetical downfaulted hangingwall block of the Mineral Park/Ithica Peak porphyry system, which is located 3 kilometers to the east. Mercator Minerals is currently mining approximately 50,000 tons per day from a porphyry resource of about 1.2 billion tons grading 0.12% Cu and 0.032% Mo. The actively mined part of the Mineral Park system is typical of the low grade root zones of porphyry copper-molybdenum systems, which can produce much higher grade copper mineralization at shallower levels. Normal faulting along the western side of the Mineral Park system may have decapitated the system, shifting the more prospective shallower levels several kilometres to the west-southwest under 10 to 2400 meters of cover. The Wikieup property is located in a highly productive belt of porphyry copper deposits including Freeport's Bagdad Cu-Mo mine 135 kilometres to the southeast and Mercator Minerals' Mineral Park Cu-Mo mine adjacent to the property.Copper JoeAKA has entered into the above LOI as management is encouraged from its primary drilling of Copper Joe (CJ-1), located in the same geological setting of the Kingman area where Wikieup and Mineral Valley are located. Visible trace native copper was encountered through 2300 feet of post-mineral gravel at Copper Joe and AKA's drilling of CJ-2 a mile to the west of CJ-1 again encountered visible trace native copper over a large intersection giving additional encouragement to the exploration program. Drilling is still under way at CJ-2. The presence of the trace native copper showings may indicate the presence of a buried copper porphyry in the targeted area.In addition AKA announces the awarding of 350,000 stock options to consultants of the Company priced at
.20 for a five year term and subject to regulatory approval.The Company further announces it will be conducting a non-brokered private placement of up to 12,500,000 units ("Units") at a price of
.20 per Unit to raise proceeds of up to $2,500,000. Each Unit will consist of one common share and one share purchase warrant with each warrant entitling the holder to acquire one additional common share at a price of
.30 per share for a period of one year from closing (the "Unit Warrants"). The Unit Warrants are subject to the right of the Company to accelerate the exercise period for the Unit Warrants if the common shares of the Company trade above
.50 for a period of 10 consecutive trading-days.Timothy Marsh, PhD, PE, is the qualified person on the Wikieup & Mineral Valley projects and Sergio Pastor, Geologist is the qualified person on the Copper Joe project.On behalf of the Board of Directors ofAKA Ventures Inc."Albert Gerry"Albert Gerry, CEO & DirectorFor further information please contact the CompanyTel: 604.542.4950