Release: Niko increases acreage holdings by 29% in Indonesia

CALGARY, ALBERTA--(Marketwire - May 18, 2010) - Niko Resources Ltd. (TSX:NKO) is pleased to announce the signing of four new Production Sharing Contracts with the Government of Indonesia for the following blocks.

NO	Block	Sq Km	Operator
1	Cendrawasih Bay II	5,072	Repsol
2	Cendrawasih Bay III	4,688	Niko
3	Cendrawasih Bay IV	3,904	Niko
4	Sunda Strait	6,959	Niko

In Cendrawasih Bay II, III, and IV, Niko holds a 50% interest in partnership with Repsol Exploraci?n, S.A and will operate two of these blocks while in the Sunda Strait block Niko holds 100% participating interest. The blocks in Cendrawasih Bay surround Niko's existing PSC operated by Exxon Mobil and target similar play types. Niko will hold an interest in 16 exploration blocks covering almost 20 million gross acres (over 15 million net acres) in Indonesia.

Niko has completed the first phase of its seismic commitment with zero lost time incidents. A total of 15,600 line km and over 200,000 man-hours have been completed.(end of release)