Mr. Grant Tanaka reports

GK RESOURCES ANNOUNCES SHARES FOR DEBT TRANSACTION

GK Resources Ltd. will enter into debt settlement agreements to settle outstanding debt in the amounts of approximately $199,197.17 owing to certain consultants and arm's-length creditors of the company, by issuing 4,426,603 common shares in the capital of the company at a deemed price of 4.5 cents per share, to the creditors. The board of directors has determined that it is in the best interests of the company to settle the outstanding debt by the issuance of shares in order to preserve the company's cash for continuing operations.

Closing of the shares-for-debt transaction is subject to customary closing conditions, including the approval of the NEX board of the TSX Venture Exchange. The company intends to close the shares-for-debt transaction as soon as practicable. The shares to be issued pursuant to the shares-for-debt transaction will be subject to a hold period of four months and one day from the date of issuance.

We seek Safe Harbor.