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 March 09, 2012
2012 Annual General and Special Meeting Proposed Share Consolidation and Name Change

 Nanika Resources Inc. (the "Company") (TSXV-NKA and FSE-C7X) announces that it will be holding its 2012 Annual General and Special Meeting of shareholders on Thursday, April 5, 2012. In addition to the regular matters at its annual general meeting, shareholders will be asked to approve by special resolutions:
  1. the proposed consolidation of the share capital of the Company on a 10 old shares for one new share basis;

  2. the proposed change in the name of the Company from "Nanika Resources Inc." to "Goldbar Resources Inc." or such other name as may agreed upon by the directors of the Company and the TSX Venture Exchange.
Further detail regarding the resolutions, please review the shareholder materials which are filed in under the Company's profile.

Each of the foregoing transactions is also subject to approval of the Exchange.

About Nanika Resources Inc.
Nanika Resources Inc. is a TSX Venture listed mineral exploration and development company focusing on the advancement of its mineral properties, all of which are located in Canada.

For further information please James Jacuta, President & CEO of the Company, at 604-638-0699 or Toll Free at 1-866-580-0699 or visit the Company's website at


"James Jacuta"
James Jacuta, President & CEO

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

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