Noka Resources Announces Lake Sediment Sample Results from Carpenter Lake Property

Noka Resources Inc. ("Noka") is pleased to announce that the lake sediment sample analyses have been received. The lake sediment samples were collected in April 2014 during a radon in lake water and sediment survey at Carpenter Lake, Athabasca Basin, Saskatchewan as part of ALPHA EXPLORATION INC. ("Alpha") Option Agreement to earn a 60% interest in the Carpenter Lake Property from Noka.

A total of 60 lake sediment samples were recovered by RadonEx Exploration Management of St. Lazare, Quebec within six grids (A to F) along the Cable Bay Shear Zone (CBSZ) and within the 20,637 hectare Property.

Highlights of the Lake Sediment Results:

• Eight lake sediment samples are strongly anomalous with uranium (3.9 to 37 ppm). In comparison, 3.8 ppm uranium was the highest concentration in lake sediments proximal to one of the largest high grade uranium boulder fields in the Athabasca Basin at Patterson Lake South (PLS);
• The eight uraniferous lake sediment results were accompanied by arsenic (1.6 to 76 ppm), cobalt (3.3 to 33 ppm), copper (12 to 68 ppm), lead (1.4 to 3.8 ppm), molybdenum (0.5 to 4.6 ppm), and nickel (14 to 50 ppm). This geochemical signature is consistent with a graphitic/pyritic pelite basement bedrock source that is anomalous with uranium, and may represent material eroded from the CBSZ;
• Grid C: westernmost lake returned background values of uranium in lake sediments, which suggests the strongly anomalous radon values are sourced from directly below in the bedrock where a VTEM conductor is present. Iron oxide coatings on pebbles were observed with the anomalous radon values, which was an environmental condition associated with mineralization at Key Lake and PLS;

The lake sediment samples were recovered concurrent with radon in sediment samples that were targeted above electromagnetic ("EM") conductors confirmed in a detailed airborne VTEM and magnetic survey completed in February 2014 by Aeroquest International Limited. Where substantial overburden thickness exists, lake sediment samples represent glacially transported material, and the bedrock source of anomalous uranium is thought to be situated up-ice. Conversely, radon in lake and sediment anomalies may represent a bedrock source directly below where the concentration of uranium in the lake sediments is at background levels. The lake sediment results have assisted in determining whether radon anomalies may be sourced from the overburden or bedrock directly beneath, which will be a valuable tool in developing future exploration programs on the Property.