Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") As
previously announced in September 2012, the board of directors of Atikwa
retained CB Securities to assist the Company in identifying and evaluating a
number of strategic alternatives available to the Company to enhance shareholder
value. 


As previously reported in December 2012, the Company has received a number of
proposals and non-binding indications of interest, from which they have selected
the most attractive options to pursue. In light of recent trading activity the
Company would like to confirm that it is not aware of any particular variable
that might have changed in relation to that process. The Company continues to
actively negotiate with a number of parties that have proposed a variety of
potential transactions ranging from the acquisition of a single asset, an
outright bid for the full corporate entity, a merger with another entity or a
significant recapitalization of the existing Company.


The Company has not entered into a definitive agreement in connection with any
of these proposals, however it continues to actively negotiate with a view to
being able to complete a transaction with one of these entities shortly. We
remain committed to executing our current strategy and are confident that we are
taking the right steps to further strengthen the Company's balance sheet and
participate in the present and potential future value of our portfolio of
assets. 


This news release contains forward-looking statements relating to the Company's
plans and other aspects of the Company's anticipated future operations,
strategies, financial and operating results and business opportunities.
Forward-looking statements typically use words such as "anticipate", "believe",
"project", "expect", "plan", "intent" or similar words suggesting future
outcomes, statements that actions, events or conditions "may", "would", "could"
or "will" be taken or occur in the future, or consists of statements regarding
estimates of future production, operating costs or other expectations, beliefs,
plans, objectives, assumptions or statements about future events or performance.
Statements regarding reserves are also forward-looking statements, as they
reflect estimates as to the expectation that the deposits can be economically
exploited in the future. Although the Company believes that the expectations
represented in such forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. As a consequence,
actual results may differ materially from those anticipated in the
forward-looking statements and you should not unduly rely on forward-looking
statements. The forward-looking statements contained in this news release are
made as the date of this news release and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws. The term barrels of oil
equivalent ("boe") may be misleading, particularly if used in isolation. A
conversion ratio for gas of 6 mcf: 1 boe is based on an energy equivalency
conversion method primarily applicable at the burner tip and does not represent
a value equivalency at the wellhead. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atikwa Resources Inc.
Sean Kehoe
President and CEO
(403) 233-6073