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Freyja Announces Sampling Results From Las Cristinas

MONTREAL, QUEBEC -- (Marketwired) -- 05/21/14 --

--  Assay results from 24 samples deliver results of up to 14.45% copper and
    1,580 g/t silver
--  Results show evidence of mineralization up to five kilometers to the
    north of the Las Cristinas Area
--  Additional sampling results around the North Mount indicate two
    anomalies over a width of 200 meters

Freyja Resources Inc. ("Freyja" or the "Company") (TSX VENTURE: FRA) announced today the latest results of its ongoing sampling program the Las Cristinas copper/silver project located about 200 kilometers from Chihuahua, Mexico (the "Project" or the "Property").

The primary purpose of this latest phase of the ongoing sampling program was to provide evidence that the mineralized corridor extends to the north of the property. Additional samples were also taken around the Las Cristinas Area to further test two anomalies over a width of 200 meters to the southwest of the North Mount. The sampling program consisted mainly of grab and channel sample intervals.

To the north of the Las Cristinas Area, the company took a total fourteen samples in two areas where small scale copper production took place in the late 60s. These two areas are named La Parrita (nine samples taken three kilometers north of the Las Cristinas Area) and La Lagrima (five samples taken five kilometers north of the Las Cristinas Area). To the southwest of the North Mount the company took ten samples. The results are as follows:

              Average Cu  Average Ag                  Average Cu  Average Ag
Location             (%)       (g/t)    Location             (%)       (g/t)
La Parrita          3.70          39    La Parrita          0.37           3
La Parrita          0.90           1    La Parrita          0.05           0
La Parrita          3.19           2    La Parrita          0.22           1
La Parrita          2.71          13    La Parrita          8.36          10
La Parrita          7.51          21    La Lagrima          1.04         124
La Lagrima          0.38          45    La Lagrima          9.25         792
La Lagrima         14.45       1,580    La Lagrima          0.41          51
North Mount         0.10           0    North Mount         0.60         0.9
North Mount         0.59        63.9    North Mount         2.52         6.7
North Mount         0.98          29    North Mount         0.49          15
North Mount         1.25         6.7    North Mount         1.90           6
North Mount         1.72         4.1    North Mount         0.97         0.6

President and CEO Andre St Michel commented that "the results announced today confirm that the mineralized corridor extends up to five kilometers to the north of the principal exploration area and that the width of the anomalies around the South Mount reaches up to 200 meters." Mr St Michel concluded: "We have spent considerable time over the last few weeks analyzing all sampling results to date and planning our drilling campaign. We expect to start a three phase drilling program totaling 4,000 meters in early June. We will focus the drilling program on the Las Cristinas Area of the property, namely the North Mount and the South Mount."

The sampling program consisted of over 24 grab and channel samples ranging from three kg to five kg per sample with a length varying from 0.8 to 1.2 meter. The samples were delivered, in secure tagged bags, directly to the analytical facility for analysis, namely the laboratory of ALS Chemex de Mexico, located in Chihuahua City, Mexico. The samples were weighed, identified and photographed prior to sample preparation. All samples are analyzed by ME-ICP61 for 31 elements, Au-ICP21 for gold, Ag-OG62 when Ag is greater than 100g/t, Cu-OG62 when copper is greater than 1% and by Cu-AA07n to obtain the oxide portion of copper. In addition, the Company continues to conduct metallurgic tests to determine the recovery rates of copper and silver.

About Freyja Resources Inc.

Freyja Resources Inc. is a mining exploration company listed on the TSX Venture Exchange under the symbol "FRA". Freyja Resources' main operations are conducted in Mexico through its wholly-owned subsidiary Cypriummining de Mexico SA de CV ("Cyprium"). Cyprium is a mineral exploration company which targets the acquisition and generation of mining projects located solely in Northern Mexico that have a potential for profitable precious and base metal open pit production.

The Company's main project is the Las Cristinas copper/silver project located in Chihuahua State, Mexico. Cyprium owns 51% of Coyame Copper SA de CV ("Coyame Copper"), a Chihuahua, Mexico based mining exploration company and has an option to increase its stake in Coyame Copper to 70% for a consideration of US $1.2 million payable over a period of eighteen months following the exercise of the option. Coyame Copper's Las Cristinas Project consist of four adjacent exploration concessions (Las Cristinas, La Parrita, La Verde and La Lagrimosa) covering 684 hectares. Coyame Copper also owns production assets located outside the town of Coyame, Mexico.

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

The geological information of this release have been verified by the Company's President and CEO Andre St-Michel, P.Eng., a Qualified Person under NI 43-101.

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the Company's anticipated plans for developments of the Company and its mining projects.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding future growth, plans for and completion of projects by Company's third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of Company's anticipated projects, delays or changes in plans with respect to the development of Company's anticipated projects by Company's third party relationships, risks affecting the ability to develop projects, risks inherent in operating in foreign jurisdictions, the ability to attract key personnel, and the inability to raise additional capital. No assurances can be given that the efforts by the Company will be successful. Additional assumptions and risks are set out in detail in the Company's MD&A, available on SEDAR at www.sedar.com.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law. Investors should note that the Las Cristinas property has no established mineral resources or mineral reserves as defined by NI 43-101. Although Freyja has made an initial production decision based on historical production records and the results of the recent sampling, a feasibility study has not been completed and there is no certainty that the proposed operation will be economically or technically viable.

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