ATK

Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) Reports that
on March 6, 2013 the Company announced that it had agreed in principle to enter
into a definitive reorganization and investment agreement (the "Agreement") with
WCOG Grand Empire Inc. ("WGE"),which would provide for two separate non-brokered
private placements of $3.5 million and $18million (the "Private Placements") in
association with a reorganization of the Company. Subject to the completion of
the Agreement, the initial Private Placement was to be completed in two
closings, on March 18th and April 1st, with the second Private Placement being
subject to shareholder and TSX Venture Exchange approval. During the period of
time between March 4, 2013 and March 18, 2013, Atikwa agreed not to solicit
further bids for its common shares or assets, pending the execution of the
Agreement and the closing of the first portion of the initial Private Placement
(40,000,000 common shares at $0.05 per common share) no later than March 18,
2013. These conditions were not satisfied within the stipulated timeframe. WGE
requested additional time to satisfy the conditions, however the Company was not
prepared to grant an extension. As a result, the Company will resume its
negotiations with all of the parties who had previously expressed interest in
exploring strategic alternatives with the Company. The Company has advised WGE
of its willingness to continue negotiations regarding a potential transaction on
a non-exclusive basis. 


Note Regarding Forward Looking Statements

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the completion of the transactions
contemplated by the Agreement.


The forward-looking statements are based on certain key expectations and
assumptions made by Atikwa, including expectations and assumptions concerning
timing of receipt of required shareholder and regulatory approvals and third
party consents and the satisfaction of other conditions to the completion of the
transactions.


Although Atikwa believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Atikwa can give no assurance
that they will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, risks that required shareholder, regulatory and third party
approvals and consents are not obtained on terms satisfactory to the parties
within the timelines provided for in the Agreement and risks that other
conditions to the completion of the transactions are not satisfied on the
timelines set forth in the Agreement or at all.


The forward-looking statements contained in this press release are made as of
the date hereof and Atikwa undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atikwa Resources Inc.
Sean Kehoe
President & CEO
403-233-6073

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