Mr. Grant Tanaka reports

GK RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

GK Resources Ltd. has closed the non-brokered private placement, previously announced on March 1, 2024, issuing 6,666,665 common shares of the company for three cents per share for gross proceeds of $199,999.95.

Closing of the financing is subject to receipt of all necessary approvals, including that of the board and the NEX board of the TSX Venture Exchange. All securities issued in connection with the financing will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

No insiders of the company participated in the financing and no finders' fees were paid in connection with the financing.

The company intends to use approximately $75,000 to pay its current accounts payable and accrued liabilities to arm's-length contractors and service providers, including legal, accounting, audit and tax advisory services, and transfer agent fees. The remaining $125,000 will be used for working capital purposes. As required by the policies of the TSX Venture Exchange, a breakdown of the use of proceeds is as follows:

• $63,000 -- legal, accounting, audit and tax advisory services;
• $12,000 -- corporate administrative and filing fees;
• $125,000 -- general working capital.

We seek Safe Harbor.