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Atikwa Resources Inc. (ATK.V) announced today that after retaining CB Securities to assist itin identifying and evaluating a number of strategic alternatives available to the Company to enhance shareholder value, the company undertook a comprehensive review, which considered a wide range of alternatives including a potential sale of the Company.

The Company's advisor contacted more than 300 potentially interested strategic industry and financial partners, including those which had expressed interest directly to the Company. The Company received a number of proposals and non-binding indications of interest, from which they have selected the most attractive options to pursue.

Although Atikwa has not entered into a definitive agreement in connection with any of the proposals received, it is continuing negotiations with a view to completing a transaction at some point in the near future.

Shares are down half a cent to 2.5 cents on volume 252,000.

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