Gungnir Resources Stakes New Gold-Silver-Copper Permits in Sweden
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News Release GUG: TSX -V
OTCBB: ASWRF
Gungnir Resources Inc.
Gungnir Resources Stakes New Gold-Silver-Copper Permits in Sweden
Vancouver – December 12, 2017 - Gungnir Resources I nc. (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or
the “Company”) has submitted applications to acquir e 5 new permits totalling 25 sq. km in northern
Sweden.
The permits cover significant gold, silver and copp er mineralized boulders/blocks along a north-west
trending corridor located approximately 200 km nort h of the Company’s Knaften project. Historic
prospecting results include:
• 7.7 g/t Au
• 4.3 g/t Au and 2.3 % Cu
• 3.7 g/t Au, 380 g/t Ag and 1.3 % Cu
• 2.6 g/t Au and 10 g/t Ag
• 2.54 g/t Au
• 2.09 % Cu, 25 g/t Ag and 0.9 g/t Au
• 1.96 % Cu and 1.3 g/t Au
• 1.52 % Cu and 33 g/t Ag
“As part of the Company’s strategy to actively monitor new quality opportunities and to maintain a pipe-
line of projects from prospecting to advanced stage , we have added these early-stage prospects to our
portfolio. We believe we have picked the initial nu ggets within this potentially over-looked mineraliz ed
trend in northern Sweden, and plan a summer prospec ting program on all five permits”, commented
Gungnir’s CEO, Jari Paakki.
Permit application are subject to final approval by the Inspector of Mining in Sweden. Prospecting
samples noted above are historic surface grab sampl es 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 verified this data.
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
#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.
$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:
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.