Rjk Announces Approval of Warrant Amendments

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

RJK ANNOUNCES APPROVAL OF WARRANT AMENDMENTS

Kirkland Lake, Ontario – December 20, 202 4 – RJK Explorations Ltd. (“RJK” or “the

Company”) (TSXV: RJX.A) announces that the TSX Venture Exchange (the “ Exchange”) has

approved the amendments (the “ Amendments”) to 900,000 outstanding common share

purchase warrants (the “Warrants”) of the Company, as previously announced in the Company’s

December 6, 2024 news release. All of the holders of the Warrants provided consent for the

Amendments.

The Warrants were originally issued pursuant to the Company’s non-brokered private placement

that closed December 31, 2021. Pursuant to the Amendments, the new expiry date for all of the

900,000 Warrants shall be December 31, 2026, whereas only 590,000 of the Warrants will have

a new exercise price of $0.10. As previously disclosed, this is because 400,000 Warrants are held

by an insider of the Company and pursuant to the policies of the Exchange, the exercise price of

only 90,000 Warrants held by such insider could be amended.

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 o r 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.