GRAY ROCK Completes Termination of the Acquisition of the Surprise Lake Properties

GRAY ROCK RESOURCES LTD.

Suite 900 – 570 Granville Street

Vancouver, BC V6C 3P1

Ph: (604) 682-3701 ♦ Fax: (604) 682-3600

www.grayrockresources.com ♦ [email protected]

June 15, 2018 TSX-V Trading symbol: GRK

GRAY ROCK COMPLETES TERMINATION OF THE

ACQUISITION OF THE SURPRISE LAKE PROPERTIES

Gray Rock Resources Ltd. (GRK: TSX.V, “Gray Rock” or the “Company”) announces that further to its

press release dated April 17, 2018, it has closed the settlement and property transfer agreement (the

“Agreement”) with DeCoors Mining Corp. (“ DeCoors”) to terminate the Company’s acquisition of the

Surprise Lake and other non- core properties, located near A tlin, British Columbia, consisting of 64 mineral

claims in total, which were re-transferred to DeCoors. In consideration of the retransfer, DeCoors returned 3.2

million common shares to the Company for cancellation, and deliver ed to the Company 200,000 common

shares of Garibaldi Resources Inc. Further , John Buckle, has resigned as director of the Company, and

DeCoors and the Company delivered mutual general releases.

Gray Rock will be re -evaluating its Silver Stream property, as well as continue to look at other projects and

consider new business opportunities.

For further information please contact Gray Rock Resources Ltd. at ph. (604) 682- 3701, or log onto our

website at www.grayrockresources.com.

ON BEHALF OF THE BOARD

"David Wolfin"

_________________________________

David Wolfin

President & CEO

Neither 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.