Uranium and the Athabasca Basin:
The Athabasca Basin of northern Saskatchewan hosts the world's largest and richest high-grade uranium deposits accounting for approximately 20% of global primary uranium supply. Athabasca uranium deposits have grades substantially higher than the world average grade of about 0.1% U3O8. The two dozen or so known uranium deposits within the Athabasca Basin have average grades of more than 3.0% U3O8.
The Patterson Lake area has received escalating exploration attention and claim acquisition activity as a result of the new, shallow discoveries made by Alpha and Fission which includes the recently reported drill interval of 6.26% U3O8 over 49.5 metres in drill hole PLS 13-053. This mineralized zone is located approximately 400 metres to the northeast of discovery hole PLS 12-024 which returned 2.49% U3O8 over 12.5 metres. Consistent high grade, near surface U3O8 assays from Alpha and Fission demonstrates the potential for high-grade uranium mineralization on the margins of the underexplored western side of the Athabasca Basin. There are still areas in the Athabasca region that are highly prospective and underexplored for high-grade uranium as illustrated by Alpha's and Fission's recent discovery.
Investor Relations Agreement:
The members of the Western Athabasca Syndicate have entered into a Consulting Agreement (the "Agreement") with Vancouver based Buckshot Communications Corp. ("Buckshot"), who provides investor relations and related corporate communications services to public companies in Canada. Buckshot will help raise investor awareness of the Syndicate by increasing its visibility in the financial marketplace, attracting investment to the individual members, and expanding coverage within financial networks. The Agreement has an initial term of 3 months ending October 10, 2013. In consideration for the provision of the services to be provided, the Syndicate will pay Buckshot $10,000 plus applicable taxes per month ($2,500 plus taxes per company per month). The Agreement is subject to acceptance of the TSX Venture Exchange.
Charles C. (Chuck) Downie, P.Geo., is the Qualified Person as defined by National Instrument 43-101 and has approved the technical information in this release.
About Noka Resources Inc.
Noka Resources Inc. is a uranium-focused exploration company with its main area of focus in the Athabasca Basin Region of Northern Saskatchewan, wherein Noka is a syndicate member of the largest geologically prospective land package consisting of five properties. Noka also holds a 100% interest in the Clearwater and Athabasca North Properties, also located in the Athabasca Basin.
For further information, please contact Nav Dhaliwal, President, at email@example.com or visit www.nokaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Nav Dhaliwal, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
Noka Resources Inc.
President and CEO
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