Mr. Jon Ward reports

GK PROVIDES ADDITIONAL DETAILS REGARDING ITS REVERSE TAKEOVER WITH SYNTHOLENE ENERGY

GK Resources Ltd. has provided additional details on the proposed transaction with Syntholene Energy Corp. discussed in the company's news release dated May 6, 2025. As previously announced, the parties have entered into a securities exchange agreement pursuant to which the company will, among other things, acquire all of the issued and outstanding securities of Syntholene.

It is anticipated that the transaction will constitute a change of business and reverse takeover for GK under Policy 5.2 (Changes of Business and Reverse Takeovers) of the corporate finance manual of the TSX Venture Exchange.

Additional information regarding the transaction

Select financial information

The table below sets out selected audited financial information with respect to Syntholene for the period from incorporation on Feb. 5, 2024, to Dec. 31, 2024.

                   As at Dec. 31, 2024 (audited)  

Assets                                 $168,437                           
Liabilities                            $145,146                           
Share capital                              $799                               
Net profit (loss)                     ($215,219)                         

For additional information relating to the terms of the transaction, please refer to the company's news release dated May 6, 2025, which is available on SEDAR+ under the company's issuer profile. In addition, more information relating to the transaction will be available in the company's filing statement in respect of the transaction to be filed in due course on SEDAR+ under the company's issuer profile.

About GK Resources Ltd.

GK is a reporting issuer incorporated under the laws of British Columbia and listed on the TSX Venture Exchange under the symbol NIKL. GK is backed by the Inventa Capital group.

Completion of the transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and, if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of GK should be considered highly speculative.

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