TSX-V: GUG     Last: 0.03     Change: -0.01   |   OTCPK: ASWRF     Last: 0.03     Change: -0.00
TSX-V: GUG     Last: 0.03     Change: -0.01
OTCPK: ASWRF     Last: 0.03     Change: -0.00

Gungnir Resources Announces Resignation of a Director

January 13, 2015

Vancouver – January 13, 2015 - Gungnir Resources Inc. (GUG: TSX-V) (“Gungnir” or the “Company”) announces Mr. Thomas Obradovich has resigned from the Board of Directors effective immediately in order to focus on a new endeavour.  Mr. Obradovich will continue to assist the Company in a consultancy role. “The Company would like to thank Mr. Obradovich for his valued contributions to the Company. We look forward to a continued working relationship with Tom,” commented Jari Paakki, CEO.

About Gungnir Resources:

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company. The Company is currently working to advance its newly acquired gold and base metal exploration projects in northern Sweden. Northern Sweden is Europe’s most mineralized region yet remains highly under explored and offers excellent potential for new discoveries particularly under extensive but thin layer of glacial till that masks bedrock over large portions of Sweden. Sweden has excellent infrastructure and year round access and offers cost-efficient exploration. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.

For further information please contact:

Jari Paakki, CEO or Chris Robbins, CFO | Tel: 1-604-683-0484

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to Gungnir Resources’ plan for future exploration and development of its properties. Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information.  For example, there is no certainty, that any economically viable mineral deposit will be located on the properties, or that the Company will be able to raise sufficient capital to complete all of its exploration programs. Accordingly, undue reliance should not be placed on forward-looking statements or information. Gungnir does not expect to update forward-looking statements or information continually as conditions change, except as may be required by securities law.

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