GFK Resources is pleased to announce that it has entered into three separate option agreements (the "Agreements") with various prospectors (collectively, the "Optionors") all dealing at arm's length with the Company and Quebec based.

Pursuant to the Agreements which are summarized below, GFK has acquired an exclusive option to earn up to a 100% interest in the following claim blocks:

The claims are located in the Chibougamau-Chapais and Urban-Barry mining camps (collectively, the "Properties") where previous exploration has identified several gold occurrences, and multiple showings located in sub-croppings area.

The Company’s initial plans include trenching and stripping, followed by drilling which is planned to commence this summer. An initial 1,000 m drilling program is also scheduled for this fall.

Under the terms of the Agreements, GFK has the option to acquire an initial 100% interest in each property on the following terms and conditions:

WinWin

Cash payments over a 4 year period totalling $500,000, including an initial payment to the Optionors of $35,000;

Incurring exploration expenditures totaling $2,000,000 over a 4 year period.
Grizzly

Cash payments over a 4 year period totalling $400,000, including an initial payment to the Optionors $30,000;

Incurring exploration expenditures totaling $1,500,000 over a 4 year period.
Fecteau

Cash payments over a 4 year period totalling $355,000, including an initial payment to the Optionors $25,000;

Incurring exploration expenditures totaling $1,200,000 over a 4 year period.

The closing of the transactions is subject to the execution of definitive option agreements on all three Properties.

A description of each Property follows:

WinWin is a gold property which consists of 71 mining claims covering an area of 3,570 hectares located approximately 30 kilometres South of the town of Chapais.

The Property is directly adjacent to the North frontier of IAMGOLD/ Tomagold Monster Lake property and covers a six kilometers strike length of the Monster Lake Deformation Zone (FDZ) and subsidiary shear zones.

Numerous gold showings and occurences are present on the property that shows similarities with the Monster Lake project geology.

Grizzly is a gold property which consists of 136 mining claims covering an area of 7,371 hectares located approximately 35 kilometres North-west of the town of Chapais.

The property contains more than 10 gold showings and occurences associated with EW and NNE trends with grades varying from 1 g/t to up to 46 g/t. Very limited exploration work such as basic prospection, mechanical trenching and few shallow drilling was done over the property

Fecteau is a gold and base metals property which consists of 84 mining claims covering an area of 4,796 hectares located in Buteux Township, South of the town of Chapais.

The property is located directly next to Osisko Mining land package of Urban Barry area in the same geological package containing the Windfall Lake deposit (748k oz of indicated resources at 8,4g/t and 860koz at 7,6 g/t of inferred resources, SRK Consulting, November 13, 2014).

Two gold occurences were recognized in the past, namely the Freeman Buteux gold zone and the Buteux-Marceau gold showing. Gold grades up to 8,0g/t were intersected near surface. Little attention was accorded to the gold potential of this project that was considered as a base metal property for most of the previous land owners.