Niko Provides Corporate Updates

Niko Provides Corporate Updates 
CALGARY, ALBERTA -- (Marketwire) -- 03/27/13 -- Niko Resources Ltd.
("Niko" or the "Company") (TSX:NKO), provides the following corporate
updates: 
Proposed Sales of Certain Non-core Assets for $157 Million 
Niko is in advanced negotiations with two separate third parties for
the sales of certain non-core assets for combined sales proceeds of
$157 million. The Company is working towards signing of definitive
sale and purchase agreements by April 30, 2013. Further details on
these transactions will be provided to the market as these
transactions progress. Execution of the sale and purchase agreements
will be subject to completion of final due diligence and approval by
the respective boards of directors of the parties. Closing of the
transactions will be subject to host government and regulatory
approvals, other conditions customary for transactions of this
nature, and closing adjustments.  
Negotiations regarding Farm-outs and Other Non-core Asset
Dispositions 
In addition to the above transactions, the Company is progressing
with its negotiations with various third parties regarding farm-outs
and other non-core asset dispositions, with offers on certain of
these expected in the next few weeks.  
Forward-Looking Information  
Certain statements in this press release constitute forward-looking
information. Specifically, this press release contains
forward-looking information relating to the proposed sales of certain
non-core assets, the anticipated timing of signing of sale and
purchase agreements and closing of these transactions, and
negotiations regarding farm-outs and other non-core asset
dispositions. This forward-looking information is based on certain
key expectations and assumptions, including the ability to negotiate
definitive purchase and sale agreements on terms and conditions
acceptable to the Company or at all, completion of due diligence to
the satisfaction of the proposed purchasers, receipt of approvals by
the parties' respective board of directors and the satisfaction of
all conditions to closing, including the receipt of all required host
government and regulatory approvals. The reader is cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
incorrect. There can be no assurance that the parties will be able to
reach agreement on the terms and conditions of the definitive
purchase and sale agreements or that all conditions to closing will
be satisfied or waived by the parties. Actual results may vary from
the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors and such variations
may be material. Such factors include, but are not limited to: risks
and uncertainties associated with negotiating with foreign
governments, including the risk that approvals may be delayed or
withheld; risks associated with negotiating with foreign commercial
parties; delays in the completion of due diligence; risks that the
conditions to completion of the proposed sale transactions will be
cannot be satisfied by Niko in the anticipated timeframe or at all;
risks that Niko or its subsidiaries is not able for any reason to
obtain and provide the information necessary to secure required
approvals, or risks that required regulatory approvals are otherwise
not available when required. Niko makes no representation that the
actual results achieved during the forecast period will be the same
in whole or in part as those forecast. 
Contacts:
Niko Resources Ltd.
Edward Sampson
Chairman of the Board, President & CEO
(403) 262-1020 
Niko Resources Ltd.
Glen Valk
VP Finance & CFO
(403) 262-1020
www.nikoresources.com