Rjk Explorations Closes Acquisition of the Moosehead GOLD District Project
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 CLOSES ACQUISITION OF THE MOOSEHEAD GOLD DISTRICT PROJECT
Kirkland Lake, Ontario – (August 29, 2018) – RJK Explorations Ltd. (" RJK" or the " Company") ( TSXV: RJX.A ) is pleased to
announce that it has completed its acquisition of the Mo osehead Gold District Project (the “MGD Project” or “Property”) located
in Newfoundland, Canada. The MGD Project is located within a northeast -trending belt of Silurian volcanic, volcaniclastic and
sediment rocks. The project has considerable coverage of t he large regional fault structure located in the area. The MGD Project
consists of 208 claim units representing exclusive exploration rights to approximately 12,896 acres (5,200 ha). Please see th e
Company’s press release dated August 7, 2018 for more information respecting the Property.
The Property is owned by a private company (“ Privco”), the shareholders of which are all at arm’s length to RJK. RJK acquired
100% of the issued and outstanding shares of Privco through the issuance of an aggregate of 9,66 0,000 Class A Common shares
of the Company to the Privco shareholders and the payment of $100,000 to the Privco shareholders. The Company also granted
a 2% gross royalty on the Property. The acquisition was completed by way of a three -cornered amalgamation . No finder’s fees
were payable with respect to the acquisition.
The Company also announces that it has granted an aggregate of 1,000,000 stock options under the Company’s Stock Option
Plan to Directors, Employees and Consultants of the Company, with eac h option having an exercise price of $0.20 for a period of
five years from the date of grant, subject to TSX Venture Exchange approval.
Contact Information
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
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 thi s 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 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. Factors that could cause actual results to differ materially f rom 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 reaso ns why actual results could differ
from those reflected in the forward-looking statements except as required by applicable law.