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Nanika Resources Incorporation

Publié le 17 mai 2010

Herb Lake Manitoba Work Program

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=======================================================================
Re:   News Release - Monday, May 17, 2010
      Nanika Announces Herb Lake Manitoba Work Program
=======================================================================

May 17, 2010: Vancouver B.C. Nanika Resources Inc. (TSXV: NKA and FSE:
C7X) is pleased to announce a multiphase exploration program on the
Herb Lake property. Located approximately 120 kilometers east of Flin
Flon, Manitoba, Herb Lake is comprised of eleven mineral claims on
approximately 5,930 acres to the immediate north of the Copperman
Property of VMS Ventures Inc. Phase 1 of the work program will include
extensive prospecting, mapping and sampling. Depending on weather
conditions it is anticipated that Nanika's crew will be mobilized to
the site within the next ten days and will include Nanika's consulting
geologist, Alex Walus, P. Geo.

Historic drilling on the Copperman Property to the south indicated that
the "A" zone contains 149,672 tonnes 3.08% Cu and 3.08% Zn. Combined
reserves of 221,308 tonnes with 2.63% Cu and 4.46% Zn were reported in
Manitoba Mineral Deposit Series Report 21. In 1994, a regional diamond
exploration program which also included drilling was executed by
Falconbridge and European Ventures Inc. at the Snow Lake property
approximately 3 kilometers from the Herb Lake claim. One of the holes
intersected a dyke of potentially diamondiferous Kimberlite. In 2007 a
VTEM survey flown over the northern part of the Copperman area
identified a large number of conductors of which only some were tested
to date. The reported mineralization in the adjacent Copperman deposit
is associated with altered volcanic rocks that are exposed at the
northern edge of the limestone cover rocks found in this area of
Manitoba. A large portion of the prospective volcanic rocks on the
Copperman property extend beneath the limestone cover, which gradually
increases in thickness southwards. Felsic volcanic rocks and minor
amounts of Cu and Zn are present at a number of localities. It should
be noted that there has been insufficient exploration to date to define
a mineral resource and it is uncertain if further exploration will
result in discovery of a mineral resource.

Alex Walus, P. Geo., a qualified person under National Instrument
43-101 is supervising Nanika's work program on the Herb Lake property
and has reviewed and approved the technical disclosure in this news
release.

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:

CHF Investor Relations
416-868-1079

Christopher Haldane
Account Manager - ext. 237
chris@chfir.com

Chelsea Jones
IR Associate - ext. 246
chelsea@chfir.com

Douglas Kerr
Telephone: 604-638-0699
Toll Free: 1-866-580-0699
www.nanikaresources.com
 
Or visit; 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) 2010 NANIKA RESOURCES INC. (NKA)  All rights reserved.
For more information visit our website at
http://www.nanikaresources.com/ or send mailto:info@nanikaresources.com
=======================================================================
.
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Nanika Resources Incorporation

EXPLORATEUR
CODE : NKA.V
CUSIP : 630018109
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Nanika resources Inc est une société d’exploration minière d'argent et d'or basée au Canada.

Nanika resources Inc détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont TED, MUNN LAKE, MOLY KING PROPERTY, SCEPTRE AND TIARA, INDI, SWEENEY LAKE, CAMSELL LAKE, LAC DE GRAS, LUCKY SHIP, MAC CLAIMS, VERNON et RORKE LAKE PERMITS 219 AND 220 au Canada.

Nanika resources Inc est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 945 530 CA$ (931 725 US$, 752 554 €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,23 CA$, et son plus bas niveau récent le 05 juillet 2012 à 0,01 CA$.

Nanika resources Inc possède 94 553 000 actions en circulation.

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Financements de Nanika Resources Incorporation
23/12/2008Announces Flow-Through Private Placement with MineralFields
Nominations de Nanika Resources Incorporation
02/11/2009Appoints Advisors on Stewart Mining Camp Properties
12/03/2008 Appoints Kerr to Support Investor Relations
Projets de Nanika Resources Incorporation
17/05/2010(Herb Lake)Herb Lake Manitoba Work Program
28/01/2010(Sweeney Lake)Additional Ground Acquisition West of Sweeney Lake British C...
08/10/2009(Indi)Commences Drilling on Indi Property North of Stewart, Britis...
25/09/2009(Red Cliff)Adds More Property at Red Cliff
18/09/2009(Indi)Announces Additional Ground Acquisition East of Indi and Nea...
09/07/2009(Indi)Commences Work Program on the Indi Gold - Silver Property
17/06/2009(Indi)Purchase of South Indi Mineral Claim
01/10/2007files Indi Project NI 43-101 report
20/09/2007(Lucky Ship)LUCKY SHIP MOLYBDENUM PROJECT MOVING FORWARD THROUGH PHASE 5...
09/09/2007Results of Sampling, Including High-Grade Assays on Properti...
20/08/2007(Lucky Ship)Announces Completion of the Phase 4 Infill Drilling Program
14/08/2007(Ixl (grand Forks))Cougar complete drilling at IXL
30/07/2007(Sweeney Lake)Announces Start of Drilling on the Sweeney Lake Property
26/06/2007(Lucky Ship)Announces Assay Results for Drill Hole on its Lucky Ship Mol...
20/06/2007files NI 43-101 report on Lucky Ship
16/06/2007(Lucky Ship)Announces Assays Results from the phase 4 Infill Drilling Pr...
02/05/2007(Lucky Ship)Announces Results for the First 8 holes of the 2007 Phase 4 ...
Communiqués de Presse de Nanika Resources Incorporation
28/06/2011Provides Rivett Lake Update
02/06/2011Announces Rivett Lake Program
13/04/2011. - Canada Molybdenum Corp. Joint Venture Update
25/03/2010Acquires Additional Ground at Stewart British Columbia
01/09/2009Announces Investor Relations Agreement
13/07/2009Shareholders Annual Meeting Approves Management Business
27/11/2008Announces Memorandum of Understanding
19/09/2008Updates on Korean Joint Venture Negotiations
22/07/2008Molybdenum Project Update
21/05/2008Shareholders Meeting Strengthens Board of Directors and Appr...
18/04/2008Management Proposes Name Change
10/04/2008Provides Update on Joint Venutre Agreement and Resource Esti...
25/02/2008Joint Venture Agreement Discussions
15/01/2008receives $2-million option payment
05/12/2007Receives Payment on Manitoba Properties
12/10/2007FURTHER ANNOUNCEMENT REGARDING REED LAKE MINERAL PROPERTY IN...
11/10/2007SETTLEMENT OF LEGAL PROCEEDINGS REGARDING REED LAKE MINERAL ...
17/09/2007Newsrelease
29/08/2007Announces Management Enhancement
23/07/2007acquiring two nickel properties
10/07/2007announces resumption of drilling
06/07/2007amends deal with Global Capital
25/06/2007receives $1.3 million from option agreement
11/06/2007Palm Clean assigns part of option to Daewon Chemical, confir...
31/05/2007receives Indi claims resource estimate
31/05/2007ANNOUNCES ADDITIONAL GROUND ACQUISITION
28/05/2007optioning two nickel properties in NWT
24/05/2007options Moly King Property
01/05/2007s on IXL Property
20/02/2007Completion of the "deep holeà
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