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NIKOS Announces Private Placement Financing December 2, 2016 Vancouver, December 2, 2016. Nikos Explorations Ltd. (TSX-V: NIK) (Nikos or the Company) announced today its intention to complete a non-brokered private placement offering (the "Private Placement") of up to 3,750,000 units (Units) at a price of $0.08 per Unit for gross proceeds of up to $300,000. Each Unit will consist of one common share of the Company (Share) and one warrant (Warrant) entitling the holder thereof to purchase one additional Share at a price of $0.13 for a period of 24 months from closing. Pricing of the Private Placement is based on the volume weighted average price of the shares for the last 10 days during which the shares traded. The Company also intends to complete a non-brokered private placement of up to 1,250,000 flow-through shares at a price of $0.09 per share for gross proceeds of up to $112,500 (the "FT Offering"). The Private Placement and FT Offering are subject to regulatory approval, including approval of the TSX Venture Exchange. For further details, please contact the Company. All securities issued in connection with the Private Placement and FT Offering will be subject to a hold period of four months from the date of closing. The net proceeds from the proposed financings will primarily be used to fund a drilling program at the Company's Borden Lake Extension property. Nikos will continue to keep its general working capital expenses to a minimum. The securities offered pursuant to this news release 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.