Niko Resources Ltd. Announces Repayment of Cdn$308 Million of

Niko Resources Ltd. Announces Repayment of Cdn$308 Million of
Convertible Debentures 
CALGARY, ALBERTA -- (Marketwire) -- 12/05/12 -- Resources Ltd.
("Niko" or the "Company") (TSX:NKO) is pleased to announce today the
repayment of Cdn$308 million of the Company's Cdn$310 million of
convertible debentures due December 30, 2012 at par plus accrued
interest. The debentures were repaid using the net proceeds of the
offerings of common shares and convertible senior unsecured notes,
along with cash on hand and advances under the Company's credit
facility. As previously announced, closings of the offerings occurred
on December 4, 2012. The certificates for the remaining balance of
the debentures have not been produced by the holders and as such,
these debentures will be repaid on the earlier of presentation of the
certificates or maturity.  
December 5, 2012
Contacts:
Niko Resources Ltd.
Edward Sampson
Chairman of the Board, President & CEO
(403) 262-1020 
Niko Resources Ltd.
Murray Hesje
VP Finance & CFO
(403) 262-1020
www.nikoresources.com