Nanika Receives Indi Property Drill Permit

VANCOUVER, Nov. 15 /CNW/ - Nanika Resources Inc. (TSXV-NKA and FSE-C7X) is pleased to announce that a permit has been received for a drill program on the Indi Property located approximately 24 kilometers north of the Town of Stewart, BC. Due to encouraging results from the recent work done on the adjacent Silver Coin property Nanika believes that a further work program is warranted on Indi at this time and is in the process of sourcing contractors to undertake the program. Nanika will be operating the work program pursuant to the terms of a joint venture agreement with Jayden Resources Inc. (TSXV-JDN) and Mountain Boy Minerals Ltd. (TSXV-MTB) that includes the Indi 9 - 12 claims.

Jayden Resources Inc. (TSXV-JDN) disclosed 2010 drill results with 55 metres grading 8.42 grams per ton gold, including 7 metres grading 32.89 grams per ton gold, at the adjacent Silver Coin project by news release on October 14, 2010. It has been established by previous work that a portion of the mineralization on Indi extends from Silver Coin.

The Indi property shares many of the geologic characteristics of the nearby Silbak Premier Mine which is approximately 3 kilometres from Nanika's proposed drilling. Over its mine life, the former Silbak Premier Mine produced approximately 1.8 million ounces gold, 41 million ounces silver, 4.2 million pounds copper, 62 million pounds lead and 20 million pounds zinc until closing in 1996.

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 contact, [email protected] and in the subject line mention "Nanika Resources News".

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

%SEDAR: 00005736E

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
www.nanikaresources.com