A brokered private placement of 10,000,000 Units and a non-brokered private placement of 660,000 flow-through Units announced in two news releases dated May 1 and May 12, 2007 closed today out of escrow.

Brokered: 5,983,000 non flow-through Units were sold at a price of $0.10 each. Each non flow-through Unit consists of one share and one non-transferable share purchase warrant. 4,017,000 flow-through Units were sold at a price of $0.12 each. Each flow-through Unit consists of one share and one-half warrant.

The Agent received $86,427.20, 100,000 non flow-through Units and 1250,000 warrants.

The shares and any shares issued upon exercise of warrants have a hold period expiring October 16, 2007. All warrants are exercisable for a period of 18 months expiring December 15, 2008 at a price of $0.25 per share.

Menika Mining Ltd.
Charles Boitard
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.