RJK Explorations Ltd. Announces Private Placement for Gross Proceeds up to $130,000

About this update from Rjk Explorations Ltd. Class A

RJK Explorations Ltd. Announces Private Placement for Gross Proceeds up to $130,000Kirkland Lake, Ontario--(Newsfile Corp. - January 23, 2026) - RJK Explorations Ltd. (TSXV: RJX.A) (the "Company") is pleased to announce a non-brokered private placement for gross proceeds of up to $130,000 (the "Offering"). The Offering will consist of the sale of units (the "Units") of the Company at a price of $0.025 per Unit. Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.05 for a period of five years from the date of issuance. The Company intends to use 80% of the gross proceeds for working capital and general corporate purposes, and 20% to fund 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 TSXV 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 ("MI 61- 101"). 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% of the market capitalization of the Company, as determined in accordance with MI 61-101.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, sol...

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