Niko Resources Ltd. provides the following exploration updates:

Indonesia

The Cikar-1 exploration well, located in the West Papua IV block in eastern Indonesia, has been drilled to a depth of 14,431 feet and temporarily suspended after encouraging initial results. The suspension will allow Niko to return to the well for future deepening and testing.

Located in a water depth of 4,528 feet, the well encountered a 700 foot thick section of the targeted New Guinea Limestone primary objective and was still in the porous zone when well conditions forced suspension of drilling operations. The well encountered gas in the drilling of the deeper section.

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