Niko Resources Ltd. provide the following updates:

Reserves Update

The Company has received the final draft of the reserve evaluations for the D6 and NEC-25 Blocks in India and Block 5(c) in Trinidad and Tobago, and the final reserve evaluation for Block 9 in Bangladesh from independent petroleum engineering firms. The evaluations for the D6 and NEC-25 Blocks in India and Block 5(c) in Trinidad and Tobago are subject to final review and signoff by the independent reserve engineering firm. These evaluations have been prepared in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities and the Canadian Oil and Gas Evaluation Handbook, with an effective date of March 31, 2013.

Highlights of the evaluations are as follows:

Total Company Reserves

■ ~160% increase to ~550 Bcfe of total proved reserves, resulting in a proved reserve replacement ratio of over 700% ■ ~110% increase to ~800 Bcfe of total proved plus probable reserves, resulting in a proved plus probable reserve replacement ratio of over 850% ■ ~90% increase to ~$1.3 billion in estimated aggregate after-tax net present value of future net revenue attributable to proved plus probable reserves (discounted at 10 percent and estimated using forecast prices and costs)

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