Freyja Resources Inc. Announces Amendment to Private Placement of Units

MONTREAL, Jan. 10, 2014 - Freyja Resources Inc. (TSX VENTURE:FRA) ("Freyja" or the "Corporation") announces that, further to its press releases dated November 28, 2013 and December 10, 2013, it has amended the terms of its private placement of up to $600,000 of units (the "Amended Units") to increase the size of the offering to up to $615,000 of Amended Units and to reflect a price of $820 per Amended Unit (the "Offering") from a price of $1.00 per Unit. Each Amended Unit will be comprised of $1,000 principal amount of 12% unsecured, non-convertible debentures (the "Debentures"), which will mature thirty-six months from the date of issuance and 1,901 common shares in the capital of the Corporation. The terms of the finder's warrants have been amended such that each warrant entitles the holder to purchase one Amended Unit at a price of $820 per Unit for a period of eighteen months from the closing of the Offering. The remaining terms of the Offering have not changed.


About Freyja

Freyja Resources Inc. is a mining exploration company listed on the TSX Venture Exchange under the symbol "FRA". Freyja Resources' main operations are conducted through its wholly owned subsidiary Cyprium Mining Corporation ("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. Cyprium is committed to maximizing shareholder value by strategically ensuring efficient and profitable production and focusing on a hybrid exploration/production business model. Cyprium prioritizes projects accessible by well-maintained roads and/or railroad systems. Upon completion of a conclusive exploration campaign, Cyprium's focus is to rapidly establish an economical production and maximize the project potential by funding further exploration through cash generated by production, thus limiting shareholder dilution. The Company's main project is the Las Cristinas copper/silver project located in Chihuahua State, Mexico.


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

The securities of Freyja being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including without limitation, statements pertaining to the closing of the Offering including Freyja's ability to obtain necessary approvals from the TSX Venture Exchange. Actual results may differ materially. Freyja will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Freyja.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES



CONTACT INFORMATION

Freyja Resources Inc.
Alain Lambert, Chairman of the Board
(514) 219-7988

Freyja Resources Inc.
Robert Ayotte, Director
(450) 441-9177