FOR IMMEDIATE RELEASE KARNALYTE RESOURCES INC. ANNOUNCES FIRST QUARTER 2015 RESULTS Calgary, Alberta (May 13, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) today announced its financial results and operational highlights for the quarter ended March 31,

2015.
As at March 31, 2015, the Company had net working capital of $37.0 million compared to $45.9 million at March 31, 2014, including $38.5 million and $45.8 million, respectively, in cash. Karnalyte's First Quarter 2015 Financial Statements and Management's Discussion and Analysis (MD&A) are available at www.sedar.com.

For further information, please contact:

Stephen Goodman, Director, President & Chief Executive Officer
Telephone: (306) 986-1486
E-mail: info@karnalyte.com
Website: www.karnalyte.com

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