Niko Provides Corporate Update

CALGARY, AB—(Marketwired – June 27, 2017) – Niko Resources Ltd. (“Niko” or the “Company”) (TSX: NKO) provides the following corporate update:

Minimum Contracted Quantities Dispute — India

As previously disclosed, in accordance with previous contracts for natural gas sales from the Hazira field in India, the Company had committed to deliver certain minimum quantities. For the period ended December 31, 2007, the Company was unable to deliver the minimum quantities to certain customers and the Company's joint operating partner in the Hazira field delivered the shortfall volumes from other gas sources. The Company's joint operating partner filed arbitration claims for losses incurred as a result of the delivery of these shortfall volumes.

In June 2017, the arbitration tribunal issued an award in favour of the Company's joint operating partner in an amount of approximately $17.8 million along with the interest thereon at the rate of 10% per annum from 2012 to the date of award (approximately $9.7 million) plus further interest at 10% per annum from the date of the award until payment. The Company plans to appeal the award in the Indian court system under the rules governing Indian arbitration.

Forward–Looking Information

Certain statements in this press release constitute forward–looking information. Specifically, this press release contains forward looking information relating to the Company's plans to appeal the award of the arbitration tribunal. Such forward–looking information is based on a number of risks, uncertainties and assumptions, which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. The failure by the Company to appeal the award of the arbitration tribunal or otherwise prevail against the claim of its joint operating partner in the Hazira field could have a material adverse impact on the Company. Undue reliance should not be placed on forward–looking information. Such forward–looking information reflects the Company's current beliefs and assumptions and is based on information currently available to the Company. This forward–looking information is based on certain key expectations and assumptions, some of which are not within the control of the Company. The reader is cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors and such variations may be material. Such risk factors include, but are not limited to, unforeseen litigation and the risks discussed under “Risk Factors” in the Company's Annual Information Form for the year–ended March 31, 2017 and in the Company's public disclosure documents, and other factors, many of which are beyond the Company's control.

The forward–looking information included in this press release is expressly qualified in its entirety by this cautionary statement. The forward–looking information included herein is made as of the date of this press release and Niko assumes no obligation to update or revise any forward looking information to reflect new events or circumstances, except as required by law.

Solar Alliance to Close Non-Brokered Private Placement

VANCOUVER, BC—(Marketwired – June 27, 2017) –


Solar Alliance Energy, Inc. ('Solar Alliance') or (the 'Company') (TSX VENTURE: SAN) (OTC: SAENF) advises that further to the news release of April 10, 2017, the Company has received TSX Venture Exchange approval to close a non–brokered private placement of $865,000, consisting of 7,208,333 Units. The Units being issued pursuant to this non–brokered closing were sold at $0.12, with each Unit comprising one (1) common share and one (1) share purchase warrant (“Warrant”) with an exercise price of $0.18 and a term of 3 years. The Company shall pay a finder's fee of 300,000 Warrants and certain finder's fees on a portion of the non–brokered financing in cash and Warrants.

All securities issued pursuant to the offering will be subject to a statutory hold period expiring four months and one day after issuance under the offering.

Jason Bak

Chairman and CEO

About Solar Alliance Energy Inc. (

Solar Alliance is a sales, marketing and development company focused on residential, commercial and industrial solar installations. Since we were founded in 2003, we have developed wind and solar projects that provide enough electricity to power 150,000 homes. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Our passion is improving life through ingenuity, simplicity and freedom of choice. We make solar simple and our goal is to install solar on every available rooftop in America.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward–looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward–looking information. Forward–looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward–looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward–looking statements.

“This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.”

“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.”