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RJK Explorations LTD Completes Non-Brokered Private Placement

TORONTO, ONTARIO – (August 11, 2016) – RJK Explorations Ltd. (“RJK” or the “Corporation”) (TSXV: RJK.A) announces that it has completed its previously announced non-brokered private placement of units, raising gross proceeds of $575,000 (the “Offering”). Under the terms of the Offering, 5,000,000 units (the “Units”) were sold at a price of $0.115 per Unit, each Unit comprised of one Class A Subordinate Voting Share of the Corporation and one Class A Subordinate Voting Share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase an additional Class A Subordinate Voting Share (“Warrant Share”) for up to two years at a price of $0.20 per Warrant Share during the first year of the term and at a price of $0.30 during the second year of the term.

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