RJX.A.V · 2017-05-26 12:00:00

RJK Explorations Ltd. Announces Closing of Non-Brokered Private Placement

Financings

P.O. Box 546, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3J5 Tel: (705) 567-5351 Fax: (705) 567-5557

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

TORONTO, ONTARIO - (May 26, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) ("RJK" or the “Company”)

announces that it has closed its previously announced non-brokered private placement of units of securities of RJK

raising $300,000 (the "Offering"). Pursuant to the Offering, RJK sold 2,000,000 units (the "Units") at a price of $0.15

per Unit, each Unit comprised of one Class A Subordinate Voting Share ("Class A Shares") of the Corporation and one

Class A Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase an additional Class A

Share until May 26, 2019 at a price of $0.25 per share during the next 12 months and at a price of $0.35 during the

following 12 months.

Net proceeds from the Offering will be used for mineral exploration and general corporate purposes. All securities

sold in the Offering are subject to a hold period expiring on September 27, 2017. The Offering is subject to the

approval of the TSX Venture Exchange.

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.

Disclosure Regarding Forward -Looking Statements: This press release contains certain "Forward -Looking Statements" within

the meaning of applicable securities legislation. We us e words such as "might", "will", "should", "anticipate", "plan", "expect",

"believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward -looking information. Such

statements and information are based on assump tions, estimates, opinions and analysis made by management in light of its

experience, current conditions and its expectations of future developments as well as other factors which it believes to be

reasonable and relevant. Forward -looking statements and i nformation involve known and unknown risks, uncertainties and other

factors that may cause our actual results to differ materially from those expressed or implied in the forward -looking statements and

information and accordingly, readers should not place u ndue reliance on such statements and information. Risks and uncertainties

are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us wit h

Canadian securities regulatory authorities and availabl e at www.sedar.com. While RJK believes that the expectations expressed by

such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying

such expectatio ns are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward -looking

statements and information, readers should carefully consider the various factors which could cause actual results or events to differ

materially from those expressed or implied in the forward looking statements and forward-looking information.

For further information, please contact:

Glenn Kasner, President

Telephone: (705) 567-5351

Mobile: (705) 568-7567