Menika Completes Final Tranche of Private Placement

MENIKA MINING LTD.

Suite 313, 515 West Pender Street Vancouver, British Columbia V6B 6H5

NEWS RELEASE

MENIKA COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT

April 6, 2016 – Vancouver, British Columbia – Menika Mining Ltd. (the “Company”) (TSXV: MML) is pleased to announce that it has completed the final tranche of its previously announced private placement, for gross proceeds of $215,000. When combined with the proceeds of the first tranche of the private placement, the Company has raised a total of $1,500,000, through the issuance of 6,000,000 units (each, a “Unit”), at a price of $0.25 per Unit. Each Unit consist of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable to acquire one additional common share of the Company at a price of $0.50 per share for a period of forty-eight months.

All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period.

For further information, contact Michael Kobler at [email protected].

On behalf of the Board,

Menika Mining Ltd.

Michael Kobler, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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