<P>대원화성, 캐나다 몰리브덴 광구 파이낸싱 완료<BR>파이낸싱 업무 완료로 광구 개발 본격화</P>
<P>대원화성 024890</P>
<P>Payment on Canada Molybdenum Corp. Joint Venture Received</P>
<P>VANCOUVER, Jan. 25 /CNW/ - Nanika Resources Inc. (TSX-V:NKA and FSE: C7X) is pleased to announce that "Canada Molybdenum Corp." has received the second half of the $500,000 signing payment required pursuant to the terms of the Joint Venture Agreement entered into with Korean partners in 2009. "Canada Molybdenum Corp." is the joint venture company incorporated as a subsidiary pursuant to the Joint Venture Agreement entered into with Palm Clean Energy Inc. and Daewon Chemical Co. Ltd. of South Korea. </P>
<P>The joint venture company "Canada Molybdenum Corp." is responsible for the continued exploration, development and mining right to the "Lucky Ship" molybdenum project located at the "Nanika Ridge" site approximately 85 kilometres southwest of the town of Houston, British Columbia. The rights to further develop the "Lucky Ship" property have been conveyed back</P>
<P><A href="http://newswire.ca/en/releases/archive/January2011/25/c4478.html">http://newswire.ca/en/releases/archive/January2011/25/c4478.html</A></P>
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