RJK Explorations Ltd. announced that it has completed a non-brokered private placement of 900,000 Flow-Through Units at a price of CAD 0.125 per Flow-Through Unit for the gross proceeds CAD 112,500 on December 31, 2021.Each Flow-Through Unit consists of one Class A common share of the Company issued on a flow-through basis and one class A common share purchase warrant also issued on a flow-through basis, in each case in accordance with the Income Tax Act (Canada). Each Warrant will entitle the holder to purchase one Common Share in the capital of the Company at a price of CAD 0.25 for a period of three years. the Company announces that it has granted a total of 1,000,000 options (the "Options") to its directors and officers.

The Options will entitle the holders to purchase one Class A common share of the Company at a price of CAD 0.125 for a period of five years. Of the total Options being granted, 500,000 will replace options that expired on December 16, 2021 and 500,000 will be issued to Mr. Gino Chitaroni, the Company's President. In addition, Mr. Chitaroni has subscribed for CAD 50,000 of this placement.

All securities issued pursuant to the Offering are subject to a statutory hold period ending May 1, 2022. The Offering remains subject to final acceptance by the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

The transaction included participation from three placees and insider Gino Chitaroni for 400,000 units.