Rjk to Extend Warrant Terms

P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568-7567

RJK TO EXTEND WARRANT TERMS

Kirkland Lake, Ontario – June 22, 2023 – RJK Explorations Ltd. (“RJK” or “the Company”)

(TSXV: RJX.A, US OTC: RJKAF) announces that the Company intends to extend the term of a

total of 2,933,333 outstanding common share purchase warrants (the “Warrants”) previously

issued pursuant to the Company’s non-brokered private placement that closed July 7, 2020 (the

“Private Placement”).

Pursuant to the Private Placement, the Company issued a total of 3,600,000 Warrants (“Original

Warrants”) exercisable at a price of $0.25 to purchase one common share in the capital of the

Company for a period of one year. The terms of the Original Warrants were amended to increase

their term to July 7, 2023. From the Original Warrants, 666,667 Warrants were exercised leaving

a total of 2,933,333 outstanding Warrants. The Company wishes to amend the 2,933,333

outstanding Warrants to extend their term to July 7, 2025 (the “Warrant Amendment”). The

exercise price of the Warrants will remain unchanged. The Warrant Amendment remains subject

to approval of the TSX Venture Exchange.

Contact Information

Glenn Kasner, CEO

Mobile: (705) 568-7567

Email: [email protected]

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

Company Information: Tel: (705) 568-7445

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.

Forward Looking Information

This news release includes certain forward-looking statements, which may include, but are not

limited to, statements concerning the TSX Venture Exchange acceptance of the warrant

extension. 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 from those anticipated in

this news release include, but are not limited to, the Company not receiving TSX Venture

Exchange acceptance of the proposed warrant extension. RJK assumes no obligation to update

the forward-looking statements or to update the reasons why actual results could differ from those

reflected in the forward-looking statements except as required by applicable law.