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| RATIOS & INDEXES |
| Gold / Silver | 62.29 |
| Gold / Oil | 14.95 |
| Dowjones / Gold | 8.97 |
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=======================================================================
Nanika Appoints Advisors on Stewart Mining Camp Properties
=======================================================================
November 2nd, 2009: Vancouver, British Columbia: Nanika Resources Inc.
(TSX-V: NKA and FSE: C7X) ("Nanika or the "Company") is pleased to
announce appointment of Rod Kirkham and Alex Walus to the Nanika
Advisory Council. The mandate of the Advisory Council is to assist the
Nanika Board of Directors and management team in assessing new
opportunities and to provide perspective on existing Company projects.
Dr. Kirkham has been an independent geological consultant for ten
years. Dr. Kirkham served as a Research Scientist in the Mineral
Resources Division of the Geological Survey of Canada from 1986 to
1993. He has a 47 year career in the Canadian mining industry. His
career included projects with Newmont Mining Corporation involving
mapping and exploration in the Stewart Unuk River area of northwestern
British Columbia, and 7 years with the British Columbia Ministry of
Energy, Mines and Petroleum. He also has over forty years of extensive
experience in the Stewart region. Dr. Kirkham acquired valuable mineral
deposits and exploration areas, and has staked over 30,000 hectares in
the very active Stewart region of British Columbia. He has been a
volunteer of the Geological Survey of Canada, constructing world
mineral databases on porphyry, related skarn, bulk-tonnage epithermal
deposits, sediment-hosted stratiform copper deposits and selected major
world mineral deposits of all types. Dr. Kirkham has been involved with
mining in British Columbia for over 45 years and has authored numerous
publications. In 1998, he won the Duncan R. Derry Medal, the highest
award of the Mineral Deposits Division of the Geological Association of
Canada. He has published several scientific papers on mineral deposits
and was co-editor of three books. Dr. Kirkham graduated from the
University of British Columbia with a Bachelor of Science in 1960 and a
Masters in Science in 1963 and a PhD in Geology from the University of
Wisconsin in 1969.
Alex Walus M.Sc., Prof Geo. has over seventeen years of experience
prospecting and supervising exploration programs in the Stewart area.
He has discovered numerous mineralized zones in the Stewart area, of
which twelve have had drill programs, involving more than one hundred
drill holes. Alex Walus, P. Geo., a qualified person under National
Instrument 43-101 is supervising Nanika's work programs in the Stewart
area and graduated with a Masters Degree in Geology and is a member of
the Association of Professional Engineers and Geoscientists of British
Columbia.
The Advisory Council members are governed by the Terms of Reference
established by the Board of Directors of Nanika who have granted
incentive stock options to Dr. Rod Kirkham and Alex Walus in the amount
of 100,000 options each for a term of two years at $0.10 to vest
immediately.
About Nanika Resources Inc.
Nanika Resources Inc. is a TSX Venture listed mineral exploration and
development company focusing on the advancement of its mineral
properties, all of which are located within Canada.
On Behalf of the Board
James D. Jacuta,
Chairman, President and CEO.
For further information contact: Matthew Emery or Douglas Kerr
Telephone: 604-638-0699 Toll Free: 1-866-580-0699
http://www.nanikaresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada (IIROC) accepts responsibility for the adequacy
or accuracy of this release.
=======================================================================
Copyright (c) 2009 NANIKA RESOURCES INC. (NKA) All rights reserved.
For more information visit our website at
http://www.nanikaresources.com/ or send mailto:info@nanikaresources.com
=======================================================================
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