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FOR IMMEDIATE RELEASE April 15, 2024

GK RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia (April 15, 2024) - GK Resources Ltd. (TSX-V: NIKL) ("GK" or the "Company") announces that it has closed the non-brokered private placement, previously announced on March 1, 2024, issuing 6,666,665 common shares of the Company (the "Shares") for C$0.03 per Share for gross proceeds of C$199,999.95 (the "Financing").

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 arms-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

Contact Information: For more information and to sign-up to the mailing list, please contact:

Grant Tanaka

Chief Financial Officer

Tel: (604) 802-2220

Email: jhanson@gkresourcesltd.com

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 Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder, court or regulatory approvals, including approval from the NEX Board of the TSX Venture Exchange. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

File: Attachment NIKL_NR_20240415 closes private placement.pdf

FOR IMMEDIATE RELEASE April 15, 2024

GK RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia (April 15, 2024) GK Resources Ltd. (TSX-V: NIKL) ("GK" or the "Company") announces that it has closed the non-brokered private placement, previously announced on March 1, 2024, issuing 6,666,665 common shares of the Company (the "Shares") for C$0.03 per Share for gross proceeds of C$199,999.95 (the "Financing").

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 arms-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

Contact Information: For more information and to sign-up to the mailing list, please contact:

Grant Tanaka Chief Financial Officer Tel: (604) 802-2220 Email: jhanson@gkresourcesltd.com

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 Statements - 2 -

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder, court or regulatory approvals, including approval from the NEX Board of the TSX Venture Exchange. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.