Grant of Stock Options

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 23, 2017 TSX-V Trading symbol: GRK

GRANT OF STOCK OPTIONS

Gray Rock Resources Ltd. (GRK: TSX.V, “Gray Rock” or the “Company”) wishes to announce that it has

granted incentive stock options for the purchase of 400,000 common shares at a price of $0.44 per share

exercisable on or before June 23 , 2022 to the directors of the Company. The options are subject to the

Company’s stock option plan.

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 no r 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.

This release contains statements that are forward -looking statements and are s ubject to various risks and uncertainties concerning the

specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian sec urities

regulators. Such information contained herein represents manageme nt’s best judgment as of the date hereof based on information

currently available. The Company does not assume the obligation to update any forward-looking statement.