Mr. Glenn Kasner reports

RJK EXPLORATIONS LTD. ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS UP TO $130,000

RJK Explorations Ltd. has arranged a non-brokered private placement for gross proceeds of up to $130,000. The offering will consist of the sale of units of the company at a price of 2.5 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of five cents for a period of five years from the date of issuance. The company intends to use 80 per cent of the gross proceeds for working capital and general corporate purposes, and 20 per cent to finance its exploration program on its exploration properties.

The offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws and TSX-V policies.

Certain insiders of the company may participate in the offering. Any participation by insiders in the offering will constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation, based on a determination that fair market value of the participation in the offering by insiders will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

We seek Safe Harbor.