RJK Explorations Updates Progress on the On Strike Uranium Claim Groups in Ontario



    KIRKLAND LAKE, ON, Sept. 17 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV)
("RJK") wishes to announce that Green Bull Energy Inc. ("GBE"), (a private
company formerly known as Atomic Uranium Inc.) has updated the status of its 3
year option agreement to earn a 60% interest in RJK's On Strike North and On
Strike South uranium claim groups in the east Bancroft area of Southeastern
Ontario.
    GBE has recently entered into a Qualifying Transaction agreement with TAC
Capital Corp. (TAC.P: TSXV), a capital pool listed on the TSX Venture
Exchange. GBE also advises RJK that it has spent $125,000 to date on
exploration over the claim groups with the intention of conducting more
extensive exploration in the 2008-2009 season to fulfill its second year
spending commitments. Their exploration included helicopter-borne radiometric
surveys of both the North and South On Strike groups which revealed many
uranium showings and radiometric anomalies. RJK also understands that
Frontenac Ventures Corporation, a private company holding a substantial
uranium claim group bracketed on both sides by the On Strike North and South
claim groups, has now spent almost $5 million over the last two years on a
very aggressive exploration program.

    At the request of GBE, RJK has agreed to adjust the On Strike property
option agreements to read:

    
    For the On Strike North Claim Group - GBE made an initial $25,000 cash
    payment, will incur up to $905,000 in expenditures and issue up to
    400,000 shares of Green Bull over a 42 month period.
    1. 100,000 shares and expenditures totaling $75,000 on the property from
       June 16, 2007 to August 31, 2008
    2. 150,000 shares and expenditures totaling $230,000 on the property from
       June 16, 2008 to August 31, 2009
    3. 150,000 shares and expenditures totaling $600,000 on the property from
       June 16, 2009 to August 31, 2010
    RJK Explorations Ltd. will retain a 1% net smelter royalty return subject
    to a buy-back by Green Bull of up to 0.5% with payments to $600,000.

    For the On Strike South Claim Group - Green Bull made an initial $15,000
    cash payment, will incur up to $400,000 in expenditures, and issue up to
    225,000 shares of Green Bull over a three year period.
    1. Year One - 75,000 shares and expenditures totaling $30,000 on the
       property from October 11, 2007 to October 11, 2008
    2. Year Two - 75,000 shares and expenditures totaling $100,000 on the
       property from October 11, 2008 to October 11, 2009
    3. Year Three - 75,000 shares and expenditures totaling $270,000 on the
       property from October 11, 2009 to October 11, 2010
    RJK Explorations Ltd. will retain a 1.5% net smelter royalty return
    subject to a buy-back by Green Bull of up to 1.0% with payments to
    $1,000,000.
    

    Forward Looking Statements: This news release contains certain
forward-looking statements. These forward-looking statements are subject to a
variety of risks and uncertainties beyond RJK's ability to control or predict
which could cause actual events or results to differ materially from those
anticipated in such forward-looking statements. Although RJK believes that the
assumptions inherent in the forward-looking statements are reasonable, undue
reliance should not be placed on these forward-looking statements.

    
    The TSX Venture Exchange has not reviewed and does not accept the
    responsibility for the adequacy or accuracy of this release.
    

    Web Site: http://www.rjkexplorations.com




For further information:

For further information: Glenn Kasner, President, Telephone: (705)
567-5351, Mobile: (705) 568-7567, E-Mail: kasner1@ntl.aibn.com

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RJK Explorations Ltd.

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