NX

Noka Resources Inc. ("Noka" or the "Company") (TSX VENTURE:NX)(FRANKFURT:2NK) is
pleased to announce that it has entered into an option agreement with Alpha
Exploration Inc. ("Alpha") (TSX VENTURE:AEX) under which Alpha may acquire a 60%
interest in Noka's Carpenter Lake Property (the "Property") situated along the
Cable Bay Shear Zone, proximal to the south-central rim of the Athabasca Basin
in Northern Saskatchewan. The Property comprises five contiguous mineral
dispositions for a total of approximately 20,637 hectares. 


The Property was evaluated by Noka's technical team, Dahrouge Geological
Consulting Ltd. ("Dahrouge") (see News Release dated Sept 24, 2013) upon
acquisition and found to be highly prospective for uranium mineralization.
Subsequent evaluation by Alpha's technical team, as part of the option
discussions, further supported this assessment. The Property boasts the
following attributes: 




--  A major regional shear zone with known uranium enrichment - the Cable
    Bay Shear Zone (CBSZ); 
    
--  Presence of conductive graphitic pelites as defined by airborne and
    ground electromagnetic (EM) surveys, which are confirmed by diamond
    drilling; 
    
--  The historical EM surveys show favourable cross cutting structures
    disrupting the conductors of the CBSZ; 
    
--  Anomalous airborne uraniferous radiometric signatures associated with
    the CBSZ conductor system, and strongly anomalous uranium values in
    historical lake sediment results; and 
    
--  Underexplored, and including several high priority geophysical targets
    associated with geochemical indicators for uranium mineralization on the
    Property. 



The following link summarizes the Property's potential based on historic work:

http://www.nokaresources.com/images/Carpenter-Lake-Property-South-central-Basin.jpg 

Noka President, Nav Dhaliwal, states: "We are very pleased to bring the
expertise and track record of Alpha Exploration and its technical team, led by
Ben Ainsworth, to this project. Alongside Dahrouge, Noka's Carpenter Lake
Property now boasts arguably the best exploration combination in the space, both
with well-known and proven track records. We are all very excited to move this
project forward and hone the synergies within to maximize our potential for
discovery." 


The Property straddles the CBSZ starting from approximately 1 km south from the
southern edge of the Athabasca Basin. The Property has one of the strongest
uranium in lake sediment values in the area at 89.5 ppm (amongst other strongly
anomalous samples on the Property), with coincident strong airborne uranium
radiometric anomalies, which are situated favourably down-ice from the CBSZ.
There are only two closely spaced historic diamond drill holes on the Property,
with graphitic and pyritic pelitic gneiss units intersected. In addition,
numerous overburden drill holes outline a partially coincident nickel, copper,
molybdenum, and arsenic soil anomaly; however, the overburden was only tested
down to 25 m depth, with the depth to bedrock basement estimated at 35 to 40 m.
The CBSZ on the Carpenter Lake Property is defined by three parallel EM
conductor axis's; likely representing the hanging wall, foot wall, and middle of
a conductive panel, which is similar to the EM geophysical signature associated
with uranium mineralization at Patterson Lake South (PLS). 


In 1981 SMDC drilled hole CAB-18 located about 11 km northeast from the Property
along the CBSZ. This drill hole returned a core sample with 3358 ppm nickel,
1440 ppm zinc, 215 ppm lead, and 28 ppm uranium in the basement regolith,
further enhancing the potential along the CBSZ. Moreover, on Fleming Island,
within Cree Lake located about 19 km northeast from the Property, historical
assessment reports describe an outcrop of uraniferous diabase. Grab samples
assayed as high as 3.0% U3O8, with a hypothesis that this mafic intrusive became
mineralized when it cut through high grade uranium mineralization associated
with the CBSZ. 


Exploration is being planned for this winter (Q1 2014) and is anticipated to
include an airborne electromagnetic and magnetic survey, as well as radon in
water and sediment sampling. Radon sampling was very successful in locating high
grade uranium mineralized zones at PLS in 2013. The methodology for sampling
from lake ice in the winter was designed together by RadonEx of St Lazare,
Quebec, and Alpha's VP Exploration, Garrett Ainsworth. The results from the PLS
radon survey are a compelling reason to engage RadonEx to employ this method at
Carpenter Lake. Follow-up work in the spring of 2014 will likely include
airborne radiometrics, ground prospecting, lake sediment and radon sampling, and
ground geophysics.


Terms of the Option Agreement 

Under the terms of the Option Agreement (the "Agreement"), Alpha has the option
to earn a 60% interest in the Property by making cash payments totalling
$50,000, issuing 400,000 common shares, and completing work commitments of
$1,250,000, all over a period of three years. Upon completion of the option, a
joint venture will be formed between Alpha (60%) and Noka (40%) for the further
development of the Property, with Alpha serving as the operator. Presently, the
Property is subject to a royalty equal to 5% of gross revenues, which is owed to
the original vendors (the "Underlying Royalty"). The Underlying Royalty rate can
be reduced from 5% to 2% by Noka through the issuance of shares. In the event
that Noka does not exercise its right to reduce the Underlying Royalty by
certain future dates specified in the Agreement, then Noka will be subject to
penalties, the effect of which will be that Noka's interest in the Property will
be reduced, or possibly forfeited. The Agreement is subject to the acceptance of
the TSX Venture Exchange.


Private Placement 

Noka further announces that it has arranged a non-brokered private placement
(the "Private Placement") of up to 5,000,000 units (the "Units") at a price of
$0.10 per Unit to raise gross proceeds of up to $500,000. Each Unit will consist
of one common share of the Company and one transferable share purchase warrant
(a "Warrant"). Each Warrant shall be exercisable to acquire one additional
common share of the Company (a "Warrant Share") for a period of two years at a
price of $0.20 per Warrant Share. 


The Company may pay a finder's fee on a portion or all of the Private Placement. 

The Company intends to use the proceeds from the Private Placement to conduct
further exploration on its Athabasca Basin Uranium properties and for general
working capital. 


The Private Placement is subject to acceptance by the TSX Venture Exchange. All
the securities issued under the Private Placement are subject to resale
restrictions under applicable securities legislation.


About Noka Resources Inc.

Noka Resources Inc. is a junior exploration company with a focus on uranium in
the prolific Athabasca Basin, Northern Saskatchewan. Noka's exploration strategy
is focused in relatively underexplored areas of the Athabasca Basin Region,
targeting favourable geology and structure amenable to near surface,
unconformity-style uranium mineralization.


With a total land position of 488,463 hectares, Noka holds one of the largest
geologically prospective land packages in the region through a 100% interest in
the Clearwater (which includes the Carpenter lake) and Athabasca North group of
properties, as well as a 25% interest in the Western Athabasca Syndicate group
of properties.


ON BEHALF OF THE BOARD OF DIRECTORS

Nav Dhaliwal, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or
business conditions. Please see the public filings of the Company at
www.sedar.com for further information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Noka Resources Inc.
Nav Dhaliwal
President and CEO
(604) 678-5308
nav@nokaresources.com
www.nokaresources.com

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