GUNGNIR Gungnir Receives Second $1,000,000 Advance Royalty Payment
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 1
News Release GUG: TSX -V
ASWRF: OTCPK
GUNGNIR
Gungnir Receives Second $1,000,000 Advance Royalty Payment
Vancouver – May 30, 2018 - Gungnir Resources Inc. ( GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the
“Company”) is pleased to announce that it has recei ved the second of five, $1,000,000 annual advance
royalty payments. The first annual payment of $1,00 0,000 was received May 1, 2017. The next (third)
$1,000,000 payment is due on or before April 30, 2019.
Drilling in Sweden on the Company’s Knaften property is expected to commence on June 4, 2018. Initial
drill-testing will focus on areas in the south-half of the property including near-surface gold
mineralization at the Knaften 300 Gold Zone. For tar get areas, please refer to the Company’s Corporate
presentation on Gungnir’s website: www.gungnirresources.com .
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). The Company ho lds a royalty stream from the sale of the Kenville
Gold Project in BC with $3,000,000 still due in thr ee further annual advance cash payments of
$1,000,000 each. Further information about the Comp any 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:
Chris Robbins, CFO
Tel: 604-683-0484
Jari Paakki, CEO
Tel: 705-507-4470
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",
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 2
News Release GUG: TSX -V
ASWRF: OTCPK
GUNGNIR
"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 the payme nt of any advance royalty payments, Gungnir Resourc es’ plan
for future funding, and exploration and development of its properties. Forward-looking statements or i nformation
are based on a number of estimates and assumptions and are subject to a variety of risks and uncertain ties, which
could cause actual events or results to differ from those reflected in the forward-looking statements or
information. Should one or more of these risks and uncertainties materialize, or should underlying est imates and
assumptions prove incorrect, actual results may var y materially from those described in forward-lookin g
statements or information. For example, there is no certainty, that any economically viable mineral de posit 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 relian ce should not be placed on forward-looking statemen ts or
information. Gungnir does not expect to update forw ard-looking statements or information continually a s
conditions change, except as may be required by securities law.