Over the past 12 months, RJK Explorations Ltd. has been in discussions with the Ministry of Energy, Northern Development and Mines, Mineral Development Branch and First Nations to obtain drilling permits in the Cobalt region for new targets. These drilling permits have taken up to 10 months to be granted but company reported that RJK is now in possession of current drilling permits and will be mobilizing a diamond drill this month to start testing priority targets. Over the past 6 months, RJK tested a total of 3 targets on patented claims that did not require drilling permits, along with previously permitted properties and were not successful in finding kimberlite or other economic mineralization.

New targets were ground-truthed with kimberlite indicator mineral trains and geophysics. Additional priority targets remain untested. Negotiations with First Nations that have territorial rights in the Cobalt region have resulted in protocol letters that will be the template for further documentation to create a favorable working relationship between RJK and First Nation communities.

Negotiations with First Nations that have territorial rights in the Cobalt region have resulted in protocol letters that will be the template for further documentation to create a favorable working relationship between RJK and First Nation communities. RJK has purchased two claim groups from a prospector where RJK will pay a one-time fee of $10,000 Cdn to purchase a undivided 100% interest in these claims subject to a 2% NSR with respect to Precious or Base-Metals and a 2% GORR with respect to Diamonds of which RJK may purchase 50% (1%) of GORR for $500,000 and a further 50% of the remaining Royalty (0.5%) for $750,000. Similarly for the NSR, RJK will have first right of refusal on the remaining Royalties should they become available for purchase.

RJK staked additional ground in the area to expand the coverage of all potential targets.