Niko provides initial resource estimates for the first 3 offshore Indonesia blocks

(CALGARY, ALBERTA, April 15, 2011)-- Niko Resources Ltd. is pleased to present prospective resource estimates for the company?s Southeast Ganal, North Makassar Strait and West Sageri Blocks located offshore Indonesia. Prospective resources are not reserves. Rather prospective resources are undiscovered resources that indicate exploration opportunities but nothing will be certain until wells are drilled. These estimates were recently prepared by Netherland Sewell Associates Inc. (?NSAI?). Volume and geological risk estimates are as follows:

Gross Unrisked Undiscovered In-Place Volumes-Within PSC(1)(2)(30(9)(10)
PSC ?	Oil - MMstb(2)			Free Gas-Bscf(2)			Oil Equivalent(3)-MMboe
	Low Estimate(4)	Best Estimate(5)	High Estimate(6)	Low Estimate(4)	Best Estimate(5)	High Estimate(6)	Low Estimate(4)	Best Estimate(5)	High Estimate(6)
Southeast Ganal	1,957	5,477	11,448	5,520	15,486	32,418	2,877	8,058	16,851
North Makassar Strait	228	761	1,684	653	2,216	4,576	337	1,130	2,477
West Sageri	414	1,196	2,538	1,027	2,943	6,254	585	1,687	3,580
Arithmetic Sum	2,599	7,434	15,670	7,200	20,645	43,428	3,799	10,875	22,908

Gross Unrisked Prodspective Resources-Within PSC(1)(2)(3)(9)(10)
PSC	Oil-MMstb(2)			Separator Gas-Bscf(2)			Condesate-MMstb(2)			Oil Equivalent(3)-MMboe
	Low Estimate(4)	Best Estimate(5)	High Estimate(6)	Low Estimate(4)	Best Estimate(5)	High Estimate(6)	Low Estimate(4)	Best Estimate(5)	High Estimate(6)	Low Estimate(4)	Best Estimate(5)	High Estimate(6)
Southeast Ganal	196	1,109	3,749	44	279	1,307	2,164	9,013	24,897	600	2,890	8,935
North Makassar Strait	23	152	505	5	40	152	256	1,290	3,653	71	407	1,266
West Sageri	41	248	945	0	9	100	410	1,757	4,903	110	549	1,862
Arithmetic Sum	260	1,509	5,199	49	328	1,289	2,830	12,060	33,453	781	3,846	12,063

PSC	No. of Prospects	Risk Factors(7)(8) (Pg)
		Lowest Value(8)	Highest Value(8)	Midpoint(8)
Southeast Ganal	11	12%	15%	14%
North Makassar Strait	5	21%	21%	21%
West Sageri	1	16%	29%	23%

The independent assessment prepared by NSAI reaffirms management?s estimates of the significant reserve potential on the first three Blocks. In upcoming months, the company intends to provide independent resources reports for its 13 other Blocks in Indonesia.

Niko is entering an exciting phase as planning of several exploration wells is underway.

Notes:

1. These are the gross volumes estimated for the Blocks, without any adjustments for working interest or encumbrances. Niko holds a 100% interest in the Southeast Ganal and West Sageri Blocks and a 50% interest in the North Makassar Strait Block. A Production Sharing Contract (PSC) between Niko and the Indonesian Government executed for each Block gives Niko the right to explore for hydrocarbons. If a commercial discovery is made, Niko has the right to develop and produce from the Block containing the discovery.

2. There is uncertainty about the hydrocarbon phase that might be encountered in the prospects within the three PSCs. If a discovery is made, the volumes could consist entirely of gas or of oil or any combination of gas and oil. Volume calculations made by NSAI were based on a 50 percent probability that each prospect in the PSCs contains oil in the reservoir and a 50 percent probability that the prospect contains free gas in the reservoir. Thus, to determine volume ranges on Niko?s PSCs in the case of a gas ?only? discovery, NSAI?s gas and condensate volume estimates should be multiplied by two and no oil volume included to estimate 100 percent gas in-place volumes or prospective resources. The opposite should be done in the case of an oil ?only? discovery on Niko?s PSCs, NSAI?s oil volume estimate should be multiplied by two and no gas or condensate volumes should be included for the 100 percent oil case. Separator Gas includes the effect of shrinkage resulting from condensate dropout at surface temperature and pressure.

3. Conversion of gas volume to liquid volume was six to one, or 6 Mscf = 1 boe, based on standard British Thermal Unit (BTU) heating values of gas and oil.

4. There is a 90-percent chance that the Low Estimate for petroleum initially in-place or prospective resources will be equalled or exceeded.

5. There is a 50-percent chance that the Best Estimate for petroleum initially in-place or prospective resources will be greater or less than the best estimate.

6. There is a 10-percent chance that the High Estimate for petroleum initially in-place or prospective resources will be equalled or exceeded.

7. Risk Factor (Pg) means the geological chance or probability of discovering hydrocarbons in sufficient quantity for them to be tested to surface.

8. NSAI assessed Pg for each prospect identified within each PSC. The Lowest Value means the lowest Pg value assigned to a prospect within the PSC by NSAI. The Highest Value means the highest Pg value assigned to a prospect within the PSC by NSAI. The Midpoint was calculated and posted in the table by Niko and is the mean of Lowest and Highest estimates. The Midpoint does not represent the average chance of discovering hydrocarbons within the PSC.

9. The above quantities have not been adjusted for geological risk (chance of discovery).

10. The resource estimates were prepared in accordance NI 51-101 and the COGE Handbook. (ends)