Karnalyte Resources Inc. Announces First Quarter 2015 Results

FOR IMMEDIATE RELEASE

KARNALYTE RESOURCES INC. ANNOUNCES FIRST QUARTER 2015 RESULTS

Calgary, Alberta (May 13, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) today announced its financial results and operational highlights for the quarter ended March 31, 2015.

As at March 31, 2015, the Company had net working capital of $37.0 million compared to $45.9 million at March 31, 2014, including $38.5 million and $45.8 million, respectively, in cash. Karnalyte's First Quarter 2015 Financial Statements and Management's Discussion and Analysis (MD&A) are available at www.sedar.com.

For further information, please contact:

Stephen Goodman, Director, President & Chief Executive Officer Telephone: (306) 986-1486 E-mail: [email protected] Website: www.karnalyte.com