Overview

Nanika’s experienced management team is focused on the responsible development of the Lucky Ship Molybdenum deposit located in North Central British Columbia Canada. The Company uses a shared-risk model that capitalizes on using external capital to advance projects forward thus limiting share dilution. The Company has entered into an option agreement with the Korean Consortium Daewon Chemical Ltd. and Palm Clean Energy Corp. to take the project forward towards production. The Company is located in Vancouver B.C. with a project manager overseeing the project from Smithers BC. The Company has retained the services of the engineering firm ACA Howe Inc. International of London to forward the project through to bankable feasibility.

The Company’s management team and directors have a wealth of mining experience and directors have sat on the board on some of the largest mining companies such as Teck Cominco. Management is aggressively pursuing growth strategies that will translate into investor returns. The Company is combining the experience of its people with the opportunities created by its strategic relationships, to build a portfolio of high value projects that will maximize returns for shareholders. Nanika aims to maximize the returns for shareholders by keeping their needs central to all decisions while safeguarding the environment and supporting the local communities where we work.

Chief Properties

Lucky Ship Molybdenum Project

The Lucky Ship molybdenum property is located in west central British Columbia, Canada. The property is accessible via 85 kilometres of well maintained logging road from the town of Houston which is located on trans-provincial highway 16. Houston is also on the CN rail line which traverses central British Columbia and terminates at the port of Prince Rupert. Nanika Resources has completed exploratory programs including 21,954 metres of diamond drilling in 83 drill holes, surface magnetic and Induced Polarization geophysical surveys, metallurgical testwork and the construction of 1.2 kilometres of new access road plus the rehabilitation of existing drill roads The Lucky Ship deposit is a porphyry Mo deposit with low concentrations of Cu and other base metals. Molybdenum mineralization, as molybdenite (MoS2 disulphide), occurs in fractures, quartz veins, veinlets and stockworks best developed within an annular zone or shell of a larger pluton of quartz-feldspar porphyry. Widths as defined by a 0.030% Mo cutoff grade range from 90 to 270 metres with the thickest portions developed along the eastern and western margins of the granite intrusion. Indicated resource is 65.6 mt of .064% MoS2 with an additional inferred resource of 10.2 mt of .054% MoS2. Preliminary Economic Assessment was completed in June 2007 and currently environmental and baseline studies are underway in anticipation of a full prefeasibility study by ACA Howe Inc.

Management

• James D. Jacuta. LLB – Chairman of the Board of Directors, President and Chief Executive Officer
• Ross Blusson, Geologist – Director
• Conrad Swanson – Director

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