Gungnir Resources Inc. Gungnir Receives Final Drill Permits for Knaften in Sweden
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 1
News Release GUG: TSX -V
ASWRF: OTCBB
Gungnir Resources Inc.
Gungnir Receives Final Drill Permits for Knaften in Sweden
Vancouver – August 24, 2017 - Gungnir Resources Inc . (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the
“Company”) is pleased to report that final drill ap provals have been received and drilling is expected to
commence within approximately two weeks at Knaften.
The Knaften gold property covers a 13-kilometre long target at the south end of the “Gold Line” which is
an under-explored gold trend in the mineral-rich Va sterbotten District in northern Sweden. Knaften
includes both untested gold targets (outcrop and lo cal boulders assaying up to 8.5 g/t Au discovered b y
Gungnir) in the central part of the property and near-surface drill indicated gold mineralization including
3.45 g/t Au over 10.75 metres located 3.5 km to the southeast.
The Company’s first phase drill program will consist of up to 1,000 metres of drilling to test a 1.5 km long
magnetic anomaly that coincides with a cluster of m agnetic, gold-bearing boulders, which are believed
to be locally sourced, as well to further confirm g rade and continuity of previously drilled near-surf ace
gold mineralization.
The drill hole intersection noted above is core length and is not true width as can be determined by t he
Company, and thus is considered as "historical data " and has not been independently verified by the
Company. The Company has, however, re-sampled one c omplete section of preserved mineralized drill
core (half-core) in the same area. Quartered core f rom hole 2007-07 returned 2.92 g/t Au over 13
metres starting at down-hole depth of 81.5 metres c ompared to a reported grade of 3.2 g/t Au over 10
metres starting at a down-hole depth of 83.5 metres (see news release dated March 3, 2017). The
historic drill result in this release was compiled from the Swedish Geological Survey (SGU) archives a nd
news releases.
The technical information in this news release has been prepared and approved by Jari Paakki, P.Geo.,
CEO and a director of the Company. Mr. Paakki is a Qualified Person under National Instrument 43-101.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) with
gold and base metal permits in northern Sweden with in a region hosting 12 million ounces of gold
delineated in existing and mined resources plus several past-producing and producing base metal mines.
The Company’s key gold project, Knaften, is situated at the southern extension of the “Gold Line” which
hosts a number of gold deposits including Faboliden and Svartliden (Dragon Mining), and Barsele
(Agnico Eagle and Barsele Minerals). Gungnir additi onally holds a $5,000,000 royalty stream and
received the first annual payment of $1,000,000 on May 2, 2017. The next annual payment of
$1,000,000 is due on April 30, 2018. Further inform ation about the Company and its properties may be
found at www.gungnirresources.com or at www.sedar.com .
On behalf of the Board,
Jari Paakki, CEO and Director
For further information contact:
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 2
News Release GUG: TSX -V
ASWRF: OTCBB
Gungnir Resources Inc.
Jari Paakki, CEO
Tel: 705-507-4470
Chris Robbins, CFO
Tel: 604-683-0484
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.
Cautionary Note Regarding Forward-Looking Statement s: Certain statements made herein may contain forward -
looking statements or information within the meanin g of Canadian securities laws. In certain cases, fo rward-
looking statements can be identified by the use of words such as "plans", "expects", "is expected", "b udget",
"scheduled", "estimates", "forecasts", "intends", " anticipates" or "believes", or variations of such w ords and
phrases or statements that certain actions, events or results "may", "could", "would", "might" or "wil l be taken",
"occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-
looking statements involve known and unknown risks, uncertainties and other factors which may cause th e actual
performance of the Company to be materially different from any anticipated performance expressed or im plied by
the forward-looking statements. Such forward-looki ng statements or information include, but are not l imited to,
statements or information with respect to Gungnir R esources’ plan for future funding, and exploration and
development of its properties. Forward-looking stat ements or information are based on a number of esti mates
and assumptions and are subject to a variety of ris ks and uncertainties, which could cause actual even ts or results
to differ from those reflected in the forward-looki ng statements or information. Should one or more of these risks
and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may
vary materially from those described in forward-loo king statements or information. For example, there is no
certainty, that any economically viable mineral dep osit will be located on the properties, or that the Company will
receive or be able to raise sufficient capital to complete all of its exploration programs. Accordingly, undue reliance
should not be placed on forward-looking statements or information. Gungnir does not expect to update f orward-
looking statements or information continually as conditions change, except as may be required by securities law.