Nanika Resources Inc. - Bulldog Creek Results

VANCOUVER, Nov. 1 /CNW/ - Nanika Resources Inc. (TSX-V: NKA and FSE: C7X) is pleased to announce the latest significant results from its 100% owned Bulldog Creek property with 13.7 grams per ton gold and 122 grams per ton silver in rock samples.

Two rock samples collected from a sub-outcrop on the property returned 1.18 and 1.00 grams per ton gold. The latter sample also returned 122 grams per ton silver. The highest gold result came from very angular float sample ANB-12. The sample, which represents a fragment of 10 cm wide quartz vein with 3-5% pyrite, 2-3% galena, 5-7 % sphalerite and minor chalcopyrite assayed 13.7 grams per ton gold, 51.0 grams per ton silver, 1.78 % lead and 5.06% zinc.

In June 2010 Nanika discovered abundant mineralization on the Bulldog Creek property and float samples collected during the June program returned values up to 6.75 grams per ton gold and 564.9 grams per ton silver. The highest in situ sample yielded 9.98 grams per ton gold and 50.3 grams per ton silver.

Nanika's "Bulldog" property is located approximately 10 kilometres south of Stewart, BC, on Bulldog Creek and consists of seven contiguous claims totaling 4,219.5 acres, or 1,707.5 hectares. There are no underlying crown grants to any of these claims.

Alex Walus, P. Geo., a qualified person under National Instrument 43-101 is supervising Nanika's work program on the Bulldog Creek property and 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