Airborne Survey on Rivett Lake NWT Completed

VANCOUVER, Nov. 2 /CNW/ - Nanika Resources Inc. (TSX-V: NKA and FSE: C7X) announces that airborne geophysical survey has been completed  on Nanika's Rivett Lake property in the Northwest Territories. A number of targets have been identified for further investigation.  Nanika will be reviewing the data further and deciding what types of exploration work will be used to advance the project.

Nanika's Rivett Lake property consists of 30 claims totaling 59,714.59 acres (24,165.72 hectares) and is approximately 30 kilometres southwest of the De Beer's Snap Lake Diamond Mine.

Special Projects Inc., a Calgary-based geophysical company, completed the airborne survey which involved low-level, high-resolution airborne magnetic surveys flown on 50 meter-spaced lines with a total survey distance flown of 5,800 line kilometers including line extensions across boundaries and contingencies.

Alex Walus, P. Geo., a qualified person under National Instrument 43- 101 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.

To receive Company news via email please contact [email protected]  and mention "Nanika Resources News" in the subject line.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

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For further information:

CHF Investor Relations at 416-868-1079          
Christopher Haldane, Account Manager, at ext. 237, [email protected]         
Jeanny So, Director of Operations, at ext. 225, [email protected]

Or Nanika Resources Inc. at 604-638-0699 or Toll Free at 1-866-580-0699           http://www.nanikaresources.com