AGORACOM News Flash

AGORACOM Client Feature

Company is planning a late summer exploration program on its claim block which totals 795,824 hectares. The Amazonas Potash Basin is similar in size, scale and geology to Saskatchewan’s potash evaporate deposit, which is the largest and most prolific potash reserve in the world.

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Investment Highlights - Brazil

Amazonas Potash Basin

The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
Soils in Brazil are deficient in potassium and require potash to remain productive
The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada

·Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:

Fazendinha – 520 Mt @ 28.8% KCl
Arari – 659 Mt @ 17.7% KCl

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Message: Niko block 5c TnT $75m

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Niko block 5c TnT $75m

posted on Dec 31, 10 07:24PM (Log in to use the IP Check tool) ^[?]

CALGARY, ALBERTA (Marketwire – Dec 22, 2010) – Niko Resources Ltd. ("Niko") (TSX: NKO) announced today that it has reached an agreement with Sonde Resources Corp. ("Sonde"), under which Niko will acquire Sonde’s 25% interest in Block 5(c), located 94 kilometers off the east coast of Trinidad. The transaction is to be satisfied at closing via US $75.5 million in cash, and the assumption of Sonde's liability under the performance guarantee provided for their Block MG license.

The agreement is subject to the satisfaction of certain conditions including waiver of rights of first refusal and approval from the Ministry of Energy and Energy Affairs for Trinidad and Tobago. Closing is expected to occur on February 28, 2011, subject to extension to facilitate obtaining all required approvals. Niko has agreed to pay a secured refundable deposit of USD $20 million to Sonde upon receipt of a waiver of the rights of first refusal in respect of Block 5(c).

Each of the three wells drilled to date on Block 5(c) have encountered hydrocarbons and have been successfully tested. Niko is pleased to have the opportunity to expand in Trinidad and Tobago, a core area for the company.

December 22, 2010

For further information, please

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