Atikwa Announces Update to Strategic Alternatives Initiative

Atikwa Announces Update to Strategic Alternatives Initiative 
CALGARY, ALBERTA -- (Marketwire) -- 01/25/13 -- Atikwa Resources Inc.
(TSX VENTURE:ATK) ("Atikwa" or the "Company") As previously announced
in September 2012, the board of directors of Atikwa retained CB
Securities to assist the Company in identifying and evaluating a
number of strategic alternatives available to the Company to enhance
shareholder value.  
As previously reported in December 2012, the Company has received a
number of proposals and non-binding indications of interest, from
which they have selected the most attractive options to pursue. In
light of recent trading activity the Company would like to confirm
that it is not aware of any particular variable that might have
changed in relation to that process. The Company continues to
actively negotiate with a number of parties that have proposed a
variety of potential transactions ranging from the acquisition of a
single asset, an outright bid for the full corporate entity, a merger
with another entity or a significant recapitalization of the existing
The Company has not entered into a definitive agreement in connection
with any of these proposals, however it continues to actively
negotiate with a view to being able to complete a transaction
one of these entities shortly. We remain committed to executing our
current strategy and are confident that we are taking the right steps
to further strengthen the Company's balance sheet and participate in
the present and potential future value of our portfolio of assets.  
This news release contains forward-looking statements relating to the
Company's plans and other aspects of the Company's anticipated future
operations, strategies, financial and operating results and business
opportunities. Forward-looking statements typically use words such as
"anticipate", "believe", "project", "expect", "plan", "intent" or
similar words suggesting future outcomes, statements that actions,
events or conditions "may", "would", "could" or "will" be taken or
occur in the future, or consists of statements regarding estimates of
future production, operating costs or other expectations, beliefs,
plans, objectives, assumptions or statements about future events or
performance. Statements regarding reserves are also forward-looking
statements, as they reflect estimates as to the expectation that the
deposits can be economically exploited in the future. Although the
Company believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance
that such expectations will prove to be correct. As a consequence,
actual results may differ materially from those anticipated in the
forward-looking statements and you should not unduly rely on
forward-looking statements. The forward-looking statements contained
in this news release are made as the date of this news release and
the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether as
a result of new information, future events or otherwise, except as
may be required by applicable securities laws. The term barrels of
oil equivalent ("boe") may be misleading, particularly if used in
isolation. A conversion ratio for gas of 6 mcf: 1 boe is based on an
energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Atikwa Resources Inc.
Sean Kehoe
President and CEO
(403) 233-6073
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