RJX.A.V · 2017-04-12 12:00:00

RJK Explorations Ltd. Completes First Tranche 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—(April 12, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) ("RJK") closed the first

tranche of its previously announced non -brokered private placement o f units, raising gross proceeds of $298,139.76

(the "Offering"). Under the terms of the Offering, 1,656,332 units (the " Units") were sold at a price of $0.18 per Unit,

each Unit comprised of one Class A Subordinate Voting Share (" Class A Share ") of the Cor poration and one -half of

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

Class A Share for up to one year following its date of issue at a price of $0.35 per Warrant Share.

Net proceeds fr om the Offering will be used for mineral exploration and general corporate purposes. The securities

issued will be subject to a four -month statutory hold period and a TSX Venture Exchange hold period. RJK may

complete a further closing of this non -brokered private placement to bring total gross proceeds to $360,000 on or

before May 3, 2017.

In connection with the private placement, RJK has agreed to pay finder 's fees in the amount of $15,840 in cash to

Mackie Research Capital Corporation, Acumen Capital Partners and Sherbrooke Street Capital (SSC Inc.).

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 relea se.

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 conditions 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 expressed 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 corr ect. 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