Rjk Explorations Amends Option Agreement FOR Rolling Pond Property IN Moosehead GOLD Belt, Nfld
P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568-7956 Fax: (705) 567-5557
Web Site: http://www.rjkexplorations.com
RJK EXPLORATIONS AMENDS OPTION AGREEMENT FOR ROLLING POND PROPERTY IN MOOSEHEAD GOLD BELT, NFLD
Kirkland Lake, Ontario – (October 22, 2019) – RJK Explorations Ltd. ("RJK" or the "Company") (TSXV: RJX.A) is pleased to
announce that, further to its press release dated September 6, 2018, the Company has entered into an amending
agreement dated September 22, 2019 with the optionor (the “Amendment Agreement”) amending the original option
agreement between the Company and the optionor dated August 28, 2018 (the “Option Agreement”).
Under the Option Agreement, RJK can earn a 100% interest in the Rolling Pond Property by paying $50,000 cash and
350,000 shares on signing, and $50,000 and 350,000 shares on the 1st, 2nd and 3rd anniversaries of the agreement. There
is a work commitment of $500,000 over the 4-year period with a minimum of $150,000 in the 1st year. The property is also
subject to a 2% NSR with the ability to buy back 1% for $1 million at any time.
The Amendment Agreement has revised the terms of the 1st anniversary payment. The revised 1st anniversary payment
consists of no cash and 300,000 shares issued in three stages – 100,000 shares issued on August 28, 2019, 100,000 shares
issued on December 28, 2019 and 100,000 shares issued on April 28, 2020. All other terms of the Option Agreement,
including but not limited to the 2nd and 3rd anniversary payments, remain unchanged.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning future mineral exploration and
property option payments. Any statements contained herein that are not statements of historical facts may be deemed to be for ward-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 mat erially from those expressed or
implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to,
the financial resources of the Corporation being inadequate to carry out its stated plans. 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.
Contact Information
Glenn Kasner, President
Telephone: (705) 568-7956
Mobile: (705) 568-7567