On Strike Uranium North

On May 18th, the Company announced that it had entered into an option agreement with a private company, Atomic Uranium Inc., on the Company's On Strike North claim group. Atomic Uranium made an initial $25,000 cash payment, will incur up to $1.2-million in expenditures and issue up to 250,000 shares of Atomic over a three-year period to earn 60 per cent. RJK Explorations will retain a 1-per-cent net smelter return royalty subject to a buyback by Atomic of up to 0.5 per cent with payments to $600,000.

On August 7, RJK announced it had acquired two additional claim groups, covering an area of approximately 1600 hectares, located 18 kilometers southwest of the On Strike North claims. These newly acquired claims, called the On Strike South Uranium Claim Group, are contiguous to portions of the southern boundaries of the Frontenac Ventures Corp. claims just as the On Strike North Claim Group is contiguous to portions of the northeastern boundaries of Frontenac's claims. The Company has now acquired, both through staking and claim acquisition, a substantial land package that will potentially cover historic government flown airborne radiometric anomalies that are found within the southwest to northeast trending belt.

Frontenac Ventures Corp. is a private company which recently announced it was going to be entering into a reverse takeover with a publicly-listed company, Silvio Ventures Inc. (SIV.H). Frontenac’s claim block totals approximately 5000 hectares and covers an area that is approximately 20 kilometres in length and ranges from 2 km. to 7 km. in width lying in a southwesterly to northeasterly direction from both of the On Strike Uranium Claim Groups. The 2007 Frontenac project exploration program is budgeted at $3.5-million, including a diamond drilling program to be under way later this year.