Mr. Nav Dhaliwal reports

NOKA RESOURCES ANNOUNCES BROKERED PRIVATE PLACEMENT TO RAISE UP TO $750,000

Noka Resources Inc. has engaged Macquarie Private Wealth Inc. to act as agent in connection with a brokered private placement of up to five million units at a price of 15 cents per unit to raise gross proceeds of up to $750,000. The agent has a 15-per-cent overallotment option.

Each unit will consist of one common share of the company and one transferable share purchase warrant. Each warrant shall be exercisable to acquire one additional common share of the company for a period of two years at a price of 20 cents per warrant share during the first year and a price of 25 cents per warrant share during the second year.

The agent will receive a cash commission equal to 9 per cent of the gross proceeds raised by the agent in the private placement. The agent will also receive an option entitling it to purchase common shares of the company equal to 9 per cent of the number of units sold by the agent exercisable at a price of 15 cents per common share for a period of 24 months from the closing date of the private placement.

The company will also pay the agent a corporate finance fee and pay the agent's expenses.

The company intends to use the proceeds from the private placement to conduct further exploration on its Athabasca basin uranium properties and for general working capital.

The private placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the private placement are subject to resale restrictions under applicable securities legislation.