Exploration Update

P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568-7956

EXPLORATION UPDATE

Kirkland Lake, Ontario – January 17, 2025 – RJK Explorations Ltd. (“RJK” or “the Company”)

(TSXV: RJX.A) has completed two exploration diamond drill holes to test distinct undrilled

anomalies on the Huff patents in Bucke Township, which RJK optioned in October 2024. These

anomalies were identifie d as potential kimberlites; however, neither target was found to be a

kimberlite. A description of the drill holes provided by our Project Geologist is included below.

RJK has also identified three privately held patented claim groups with potential kimberlite

targets, and negotiations to acquire these properties are ongoing.

In addition, RJK has decided to expand its exploration program to include precious metals and

polymetallic metals. Further information on this initiative will be provided once negotiations with

the existing property owners are finalized.

Below is an overview of the Huff drill program, as described by RJK’s Project Manager, Peter

Hubacheck:

Over the past two years, RJK has reviewed the glacial history of the Temiskaming area and

outlined two targets of interest for potential kimberlite or metallic mineralization. Based on this

in-house compilation, the data was submitted to a third-party expert for confirmation. In October

2023, RJK conducted a drone magnetic survey over two discrete magnetic targets located up-ice

of a kimberlite indicator mineral train in the southwest corner of Bucke Township. Magnetic

inversion modeling was employed to sup plement the vertical gradient magnetic low and high

targets flanking the Cross Lake Fault. In the third quarter of 2024, RJK executed an option

agreement to acquire the Huff Property covering these targets.

In the fourth quarter of 2024, RJK drilled two holes testing these features as detailed in Table 1.

Drill hole HUFF-24-01 was oriented toward a concentric (180m x 200m) magnetic low target and

drilled to an inclined depth of 150m. This hole intersected a thick assemblage of interbedded

mudstone and greywacke beds of the Temiskaming Group. Selective sampling of calcite crackl e-

brecciated zones with minor disseminated pyrite was assayed for gold and silver, but no

significant results were obtained.

Drill hole HUFF -24-02 was oriented toward a linear magnetic high feature (400m W x 800m L)

flanking the Cross Lake Fault. The angled hole was drilled to a depth of 155m. From 8.1m to 30m,

the core consisted of mudstone and greywacke. From 30m to 136m, the hole intersected a

sequence of jasperoid banded iron formation interbedded with mudstone and disseminated

pyrite. Within this interval, 14 banded iron formation layers with millimetric red jasper cherty

laminations were sampled. These Fe-rich beds averaged 28.5% Fe over true t hicknesses ranging

from 0.75m to 1m. They also returned anomalous manganese results, averaging 738 ppm.

Preliminary results from drill hole HUFF -24-02 indicate the presence of critical metals iron and

manganese on the Huff Property.

Table 1:

DDH EASTING NORTHI

NG

ELEV (m) LENGTH

(m)

AZIMUTH DIP TARGET

HUFF-24-01 598000 5254900 274 150 110 -55 MAG

LOW

HUFF-24-02 598050 5254700 274 155 180 -55 MAG

HIGH

Mr. Peter Hubacheck, P.Geo., Project Manager for RJK and the Qualified Person as defined by

National Instrument 43-101, has approved the technical disclosure in this release.

Contact Information

Glenn Kasner, CEO

Mobile: (705) 568-7567

Email: [email protected]

Web Site: https://www.rjkexplorations.com

Company Information: Tel: (705) 568-7445

Neither the 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 or accuracy of

this release.

Forward Looking Information

This news release includes certain forward-looking statements. Any statements contained herein

that are not statements of historical facts may be deemed to be forward-looking, including those

identified by the expressions "will", "anticipate", "believe", "plan", "estimate", "expect",

"intend", "propose" and similar expressions. Forward -looking statements involve known and

unknown risks and uncertainties that could cause actual results, performance, or achievements

to differ materially from those expressed or implied in this news release. RJK assumes no

obligation to update the forward-looking statements or to update the reasons why actual results

could differ from those reflected in the forward -looking statements except as required by

applicable law.