RJK Explorations Ltd. Enters into Agreement to Sell Blackwater Gold District Properties
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
RJK Explorations Ltd. Enters into Agreement to Sell Blackwater Gold District Properties
TORONTO, ONTARIO - (May 16, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) ("RJK") announces that it
has entered into a Purchase Agreement with New Gold Inc. (TSX :NGD) (NYSE MKT:NGD) (" New Gold ") to sell to
New Gold all of RJK’s interest in the BW East Claims, the BW West Claims and the BW South Claims, located in the
Blackwater Gold District in British Columbia (the “Properties”), for total cash consideration of C$1.0 million.
The 13 BW East Claims, the 18 BW West Claims and the 9 BW South Claims cover approximately 5,611, 8,250 and
3,144 hectares, respectively, in the Nechako Area located in central BC, approximately 110 km by road southwest of
Vanderhoof.
The sale includes all of RJK’s technical information related to the Properties, the permits held under the Mineral
Tenure Act (British Columbia), and all of RJK's rights under various underlying agreements. With the Properties
currently being RJK's principal p roperties, the sale is subject to regulatory and shareholder approval. RJK will hold its
Annual and Special Meeting of shareholders on June 26, 2017 (the “ Shareholders Meeting”), where shareholders will
be asked to approve, among other things, the sale of the Properties by way of special resolution. The sale is also
subject to customary closing conditions, including the approval of the TSX Venture Exchange. Should shareholders
approve the sale of the Properties, the transaction is expected to close shortly after the Shareholders Meeting.
The sale of the Properties is fully arm’s length and a cash finder’s fee is payable in connection with suc h sale subject
to TSX Venture Exchange approval.
Neither the TSX Venture Exchange nor its Regulation Services Pro vider (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 information”. All statements, other than
statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in
the future (including, without limitation, statements relating to the anticipated closing date of the sale of the Properties) constitute forward-looking
information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to
the Company as well as certain assumptions including, the requisite shareholder approval being obtained at the Shareholders Meeting, TSX Venture
Exchange approval being obtained in a timely manner, and the other conditions to closing being satisfied by the applicable party to the Purchase
Agreement. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual
results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations, include, but are not limited to, the inability of the Company to receive
shareholder and/or regulatory approval for the sale of the Properties.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or
results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-
looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the
inherent uncertainty therein.
For further information, please contact:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567