VANCOUVER, March 1, 2012 /CNW/ - Nanika Resources Inc. (TSXV: NKA) (FSE: C7X) announces that its Joint Venture subsidiary Canada Molybdenum Corp. ("CMC") has obtained an extension until March 15, 2012 on the previously received Default Notice on the Lucky Ship Molybdenum Property Option Agreement.
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.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Nanika Resources Inc. at 604-638-0699 or Toll Free at 1-866-580-0699