Arak Resources Ltd.: Property Acquisition

MISSION, BRITISH COLUMBIA--(Marketwired - May 13, 2015) - Arak Resources Ltd. (TSX VENTURE:AAC) ("Arak" or "the Company") is pleased to announce that it has acquired a 100% interest in two mineral tenures at Perron Lake in the northeastern Athabasca Basin region of northern Canada. The new tenures comprise 2,573 hectares in the south central part of the Perron Lake Area roughly 20 kilometers north of the basin contact and the exploration model is shallow depth, basement hosted uranium mineralization similar to Fission Uranium Corp's Patterson Lake Deposit. The Perron lake area has been the focus of previous exploration work by the Saskatchewan Mining and Development Corp ("SMDC") and Canalaska Uranium who identified highly elevated uranium concentrations within local lake sediments and several outcropping uranium prospects but never completed a drill program. Most of the Perron Lake area was recently acquired by other junior mining companies and is expected to be an active exploration area in 2015.

Management has considerable resource industry expertise and access to an international network of consultants and exploration geologists. The Perron Lake tenures were acquired for re-imbursement of staking costs as part of the Company's ongoing prospect generation strategy.

The scientific and technical data contained in this news release pertaining to the Perron Lake Project was prepared under the supervision of Carl von Einsiedel, (CEO for Arak Resources Ltd.) who is responsible for ensuring that the geologic information provided in this news release is accurate and acts as a "qualified person" as defined by National Instrument 43-101; Standards of Disclosure for Mineral Projects.

On behalf of the board of directors

Michael Shmazian

Neither the 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.

Information in this news release may contain forward looking information. Statements containing forward looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the company.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

The forward-looking information contained in this news release is as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward looking statements contained herein, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.