Gungnir Receives Final Approval for New Permits in Sweden and Provides Summary of Company Assets
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 1
News Release GUG: TSX -V
OTCBB: ASWRF
Gungnir Resources Inc.
Gungnir Receives Final Approval for New Permits in Sweden and Provides
Summary of Company Assets
Vancouver – January 11, 2018 - Gungnir Resources In c. (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the
“Company”) has received final approval for five exp loration permits in the Norrbotten District in
northern Sweden. These new exploration permits comp lement Gungnir’s existing gold and base metal
property portfolio in Sweden.
Company assets:
• $4,000,000 advance royalty stream; next annual $1,000,000 payment due April 30, 2018
• Knaften property: near surface gold mineralization (including 2.92 g/t Au over 13.0 metres) and
new drill discovery of copper-nickel bearing sulphides
• Lappvattnet and Rormyrberget properties: 70 million lbs of nickel in historical resources
• New Norrbotten permits include reported grab sample s with copper (up to 2.3 % Cu), gold (up
to 7.7 g/t Au) and silver (up to 380 g/t Ag)
The Company plans a larger second phase 2018 drill program and prospecting activities and will provide
more detailed exploration plans and timing once they are finalized.
Norrbotten samples noted above are historic surface grab samples of boulders/blocks and may not be
representative of mineralization hosted on the perm its. Assays results are from the Swedish Geological
Survey (SGU) data files. The Company has not verifi ed this data. Also, a qualified person has not done
sufficient work to classify the historical estimates above as current resources and Gungnir is not treating
the historical estimates as current mineral resources.
Mr. Jari Paakki, M.Sc., P.Geo., is a Qualified Person as defined by National Instrument 43-101 - Standards
of Disclosure for Mineral Projects. Mr. Paakki prepared the technical information contained in this news
release and has approved its disclosure.
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 al so has permits covering two nickel deposits in
Sweden, Lappvattnet and Rormyrberget which collecti vely host 70 million pounds of nickel in historical
resources (see NR dated February 24, 2015). Gungnir additionally 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 .
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 2
News Release GUG: TSX -V
OTCBB: ASWRF
Gungnir Resources Inc.
On behalf of the Board,
Jari Paakki, CEO and Director
For further information contact:
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 p olicies 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.