RJX.A.V · 2017-05-19 12:00:00

RJK Explorations Ltd. Announces 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 19, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) ("RJK" or the “Company”)

intends to offer for sale, by way of a non-brokered private placement, units of securities of RJK to raise up to

$300,000 (the "Offering"). Under the terms of the Offering, RJK may sell up to 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 for up to 24 months following its date of issue at a price of $0.25 per share in the first year

and at a price of $0.35 during the second year.

Net proceeds from the Offering will be used for mineral exploration and general corporate purposes. Finders' fees or

commissions related to this private placement may be payable by the Company. All securities sold or issued in

connection with the Offering will be subject to a hold period of four months and one day from the date of issuance

thereof. 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 use words such as "might", "will", "should", "anticipate", "plan", "expe ct",

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

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

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

reasonable and relevant. Forward -looking statements and information 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 undue reliance on such statements and information. Risks and uncertaint ies

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

Canadian securities regulatory authorities and available at www.sedar.com. While RJK believes that the expectations ex pressed by

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

such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forwar d-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