Menika Completes $500,000 Private Placement

MENIKA MINING LTD.

#313-515 West Pender Street, Vancouver, BC, V6B 6H5 Phone: 604-681-0004 | Fax: 604-681-0014

News Release

MENIKA COMPLETES $500,000 PRIVATE PLACEMENT

December 20, 2013 – Vancouver, British Columbia. Menika Mining Ltd. (the "Company") (TSXV: MML) is pleased to announce that it has completed its previously announced private placement for gross proceeds of $500,000. Under the terms of the private placement, the Company issued 10,000,000 units at a price of $0.05 per unit. Each unit consists of one common share of the Company, as well as one share purchase warrant exercisable to acquire an additional common share of the Company at a price of $0.07 per share for a period of five years.

All securities issued in the offering will be subject to a hold period expiring on April 20, 2014. Proceeds of the offering will be used to pay off certain accrued debts of the Company and for general and administrative purposes.

For more information, contact the Company at 604-681-0004 or by email at [email protected].

ON BEHALF OF THE BOARD OF DIRECTORS

Anita Algie President & Chief Executive Officer

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 of this release.

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