Gungnir Receives First $1,000,000 Advance Royalty Payment
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News Release GUG: TSX -V
Gungnir Resources Inc.
Gungnir Receives First $1,000,000 Advance Royalty Payment
Vancouver – May 2, 2017 - Gungnir Resources Inc. (G UG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the
“Company”) is very pleased to announce that it has received the first of five, $1,000,000 annual advance
royalty payments due from the sale of the Kenville Gold project (“Kenville”) to 0995237 BC Ltd. in 2014.
The next (second) $1,000,000 payment is due on or before April 30, 2018.
The remaining payments are secured by a Royalty Agr eement registered on title to the Kenville Gold
project and a Specific Security Agreement registere d under the Personal Property Registry, British
Columbia.
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 ad ditionally holds a $5,000,000 royalty stream with
five annual advance cash payments of $1,000,000 exp ected to commence on or before May 1, 2017.
Further information 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:
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 meaning of Can adian securities laws. In certain cases, forward-lo oking statements
can be identified by the use of words such as "plan s", "expects", "is expected", "budget", "scheduled" , "estimates",
"forecasts", "intends", "anticipates" or "believes" , or variations of such words and phrases or statem ents that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieve d", or the negative
of these words or comparable terminology. By their very nature forward-looking statements involve know n and
unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 2
News Release GUG: TSX -V
Gungnir Resources Inc.
different from any anticipated performance expresse d or implied by the forward-looking statements. Su ch forward-
looking statements or information include, but are not limited to, statements or information with resp ect to Gungnir
Resources’ plan for future funding, and exploration and development of its properties. Forward-looking statements or
information are based on a number of estimates and assumptions and are subject to a variety of risks a nd uncertainties,
which could cause actual events or results to diffe r from those reflected in the forward-looking state ments 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, th at any economically viable mineral deposit 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 forward-looking statements or information continually as conditions change, excep t as may be
required by securities law.