Langle1,. B.C. V2Z lG4 Menika Mining Ltd. Announces Extension of Proposed Private Placement

1756 246"' Street Langle1,.

B.C. V2Z lG4 News Release

Menika Mining Ltd. Announces Extension of Proposed Private Placement

July 16, 2013 ^- Vancouver, British Columbia. Menika Minirrg Ltd. (the '"Comparry"')

(TSX-V:MML) atlnounces that it has ad.ir"rsted the pricing of its rron-brokered private placement of comrnon shares in the capital of tlte Cotttpatty fl'orn $0.0[ per sltare to $0.005 per share, and consequently increased the nurnber of shares offered frorn 20.000.000 to,10.000.000. The private placerrrent will be conducted pursuant to the policy of the l-SX VentLrre (the "E,xchange")

Exchatrse allowing ternporary relief frorr the usual privale placenrent pricing reqttiretnents.

and is subject to tlte Exclrarrge's firral approval. The Clclrnpany expects to close the private placernent bv Au_rlr-rst

30. 201 3.

The proceeds from the proposed placement will be used to pa) or provide for, among other tlrings. certain accotlllts pa1'able to professional advisers.

service providers and consultants of the Cornparrv.

sustaining and liling fbes fbr the Exchan-ue.

corpomte adrninistrative arrd other arrticipated costs of the Companl for the nert si.r montlts. the f-ees attd costs of the proposed private placernent.

and the estirnated costs of holding the Cornpanl's next AGM.

Menika Mirrirrg Ltd. is a junior rnining resource exploration company lbcused on explorirrg for and developirrg econotnically viable mineral resources. The Conrparry's milreral ploperties and interests are located in British Coltrrnbia. F-ttr ntore infbnttatiort.

please visit the Corrrpany''s website at rvr,rrv.urenikaurining.ctrnr.

ON BEHALI- OF THE

Charles Boitard President & Chief Executive Officer

JVeithar T,\.Y tr'anttre Exchttngc ttor it.y Regulution Scn.ice:; Prtn.itler (u.y /furt tarnt i:; tlelinetl in lhe policie.t of'tha TS,Y l/enlu"e Erchungel uccept,\ re.sponsihility.for /he urlequucy of'ucc,urucy ol this releu.se.

Thc.sescc'ttt'ilic.s /ttn't'rrol bcett tntl will not be rcgi,slcrctl under /hc Lhitetl ,S/ute.\ ,\ecuritie.s,Lc,t ol l9-13, ts ttntended, or the.securitie.s luv,s of utt.r,.stute, untl ntu.y not be ol/bred or.soltl in the (lnitetl Srqles or b or fbr the ttc'c'tlttt1lorhane.fitct,uU.S.])er,\(n.Thi'snev'sreleu,setlrle,sno/(.on'\litIIeunofferto,scll o/fct'to hu.1'thasa.scc'uritics itt the Lhitcd Stutcs or Io u Ll.S. pcrsort.

Thi'';ttclt,,';rclcu'sectlt/uin,y.filnt'urtl-|orlking's|eiantcn/,slhu|int,olt,e s[utetttenl.\ ttr irforrttuliorr urc huscd ott cLrrr(nl cxpectulion.s, e.stintttle.: und Ttrojections lhut int,6lt,e a nuntbcr tl riskS ttnd unt'ertuintie.s v,hic'h c'ould cuu.se uctuul re.sults to ttif/br nrutcriulll,,.ffutm those ttnlic:ipulecl b), rh" Contpun.v.Tlta'/ilnrurtl-lookittgSta|enlcltl,\ hereof und tha ('onrpurty dtrcs not urrclcrtuke m.y ohliguti1tt to updute public,ll, or ret,ise uny fgnvarj-lo6king :;|ulenlen|,\orinfbnttulitln,vhc|heru'sure,su|tr|'new h), trpp I i c tt h I t, .s ct' t r i I i c,s I utr,s.

For fLrfther intbrnratic'rn.

please contact:

Doreen Boitald at 604 ^-5 14-00-l I

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