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File: 09_02_16 NIK NR Director and Options Final.pdf

                                                       NIKOS
                                                      EXPLORATIONS LTD.
              NEWS RELEASE                                                                  February 9, 2016
                            NIKOS Announces New Director and Granting of Options

Vancouver, February 9, 2016. Nikos Explorations Ltd. (TSX-V: NIK) ("Nikos" or the "Company") it is with sadness and
regret that Nikos announces the passing of Michael Kuta, a director of the Company. Mr. Kuta provided valuable advice
to the Company for over nine years and will be sorely missed. Our thoughts are with his family during this difficult t
--->ime.

Dr. Trevor Boyd, Ph.D, P.Geo will replace Mr. Kuta as a director of the Company. Dr. Boyd is a professional geologist 
--->with
over 30 years of experience in the mining industry working as a qualified person, officer and director with both priva
--->te
and public companies. During the last twelve years, he has worked as a self-employed consultant most recently in an
affiliation with Caracle Creek International Consulting. Dr. Boyd is a member of the Association of Professional
Geologists of Ontario and a qualified person as defined by National Instrument 43-101. Trevor was a Director and Vice-
President of Exploration of Reliant Gold Corp. (TSX-V: REC) until January, 2016. He presently acts as President of pri
--->vate
corporation Asia New Energy Corp., and remains the qualified person for Adex Mining Inc. and private company
Canadian North Resources and Development Corp.

"I would like to welcome Dr. Boyd to the Nikos Board of Directors and believe that his experience in exploration,
especially with Reliant Gold in the Borden Lake area, will be a significant benefit to Nikos as we continue to explore
---> our
Borden Lake Extension project this year," said Roger Moss Nikos President and CEO.

The company also announces the grant of 700,000 share purchase options to Directors, Officers and Consultants in
accordance with the Company's stock option plan. The options will vest over one year, with 25% vesting every three
months, have a price of $0.06 and a 5 year term to February 9, 2021.

About Borden Lake Extension:
The Borden Lake Extension Project covers an area of 36 square kilometres and lies approximately 5 km southeast of
Goldcorp's Borden Lake high grade gold zone where exploration has defined underground constrained indicated
resources of 1.6 MMoz grading 5.39g/t Au and inferred resources of 0.4 MMoz grading 4.37 g/tAu. This zone remains
open along strike to the southeast. In addition, a lower grade pit constrained indicated resource of 2.3 MMoz grading
1.03g/t gold has been defined. Exploration carried out by Nikos is the first known work on the property, which is loca
--->ted
in the Kapuskasing Structural Zone. Nikos holds an option to earn a 100% interest in the property.

About Nikos Explorations:
Nikos Explorations is a Canadian based mineral exploration company focused on the acquisition and exploration of
prospective gold projects in the Americas. The company has 13,895,074 shares issued and outstanding and trades on the
TSX Venture Exchange under the symbol NIK.
Roger Moss, PhD., P.Geo., is the qualified person for all technical information in this release.
For more information please contact:         Roger Moss, President Tel: 416-704-8291
                                 Or visit our website at: www.nikosexplorations.com
                      The TSX Venture Exchange has not reviewed and does not accept responsibility for the
                                            adequacy or accuracy of this release.