news releases - Tarku Resources

Tarku Sees Rise in Investor Awareness Thanks to Social Media Strategy

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MONTREAL, June 01, 2023. Tarku Resources Ltd (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to provide an update on its marketing and social media strategy and the results of its efforts to raise awareness within the retail investor community over the last year.

A growing number of studies and articles, such as a recent Forbes article (March 3rd, 2023), show that most young adults and a rising number of older adults get not just their basic information on companies but also their financial advice from social media platforms, hence the Company’s decision to complement its marketing efforts with a larger social media presence. Over the last year, the Company has been working on increasing its social media presence to reach current and potential investors in Canada, the United States and Europe, with the help of Global One Media Limited (“Global One”). Global One manages Tarku’s social media channels, including distribution of interviews and company news and other similar services.

This initiative, which mainly consists of the sharing of posts, descriptive videos and interviews about the Company’s mining projects, have resulted in a significant increase in the number of Tarku followers in the last year, on Facebook (+145%), Instagram (+51%), Twitter (+27%) and LinkedIn (+15%), and an increased presence on YouTube. During the same period, the average daily trading volume of Tarku’s shares rose significantly on both its Canadian and U.S. listings, which the Company believes to be linked in part to its social media activity.

Julien Davy, President and CEO of Tarku Resources, said: “We are delighted with the impact our social media campaign has had over the last year. It is important for us to reach as many potential investors as possible around the world and we understand that the various social media platforms play different roles and reach different people. We have seen a marked increase in trading on our stock, which now has greater liquidity. We are also thrilled with the exploration results we have achieved and our success in communicating them to a larger group of potential investors. Social media is by far the most cost-effective means of communicating, with global reach. We are pleased to have Global One as our social media partner and to be able to benefit from their marketing strategy, content creation and execution expertise.”

Commenting on the partnership, Bastien Boulay, Managing Partner at Global One Media, said, “With millions of young, savvy investors turning to social media for investment advice, we are very excited to be able to introduce Tarku and enhance the Company’s exposure to its target audience, who consume investment information on digital channels such as YouTube, TikTok, Spotify and Instagram. By presenting the information in a way that is relevant to that audience and easy to digest and understand, we aim to help Tarku Resources develop a dynamic online following across their social media channels.”

Follow @TarkuResources

Over the last year, Tarku has significantly improved its presence on various social media platforms to expand its reach to a larger number of investors. On top of its website at www.tarkuresources.com, the Company is active under @TarkuResources on:

Facebook: https://www.facebook.com/tarkuresources
Instagram: https://www.instagram.com/tarkuresources
LinkedIn: https://www.linkedin.com/company/tarkuresources
Twitter: https://twitter.com/TarkuResources
YouTube: https://www.youtube.com/channel/UCGS5QFh4A4Tk9u3L9hc_APw

About Global One Media

Global One Media is an innovative investor-focused digital marketing agency solving the needs of small and mid-cap listed companies. We deliver creative and effective solutions for brand positioning and strategic communications across all industries, specializing in investor engagement and growth marketing for listed and pre-IPO companies. Using our global network, we help public companies dominate their sector amid the web and social media landscape, tell their story in an engaging manner, and reach millions of investors around the world.

About Tarku

Tarku Resources Ltd. (TSXV: TKU | FRA: 7TK | OTCBQ: TRKUF) is a mining exploration company focused on advancing the development of new discoveries by using modern techniques in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km² Silver Strike project. Silver Strike has been interpreted by management to have the potential for similar Carbonate Replacement Deposits (CRD) comparable to the Hermosa project, located 80 km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018.

In Quebec, Tarku owns 100% of the “Three As” exploration projects (Apollo, Admiral and Atlas) in the Matagami Greenstone Belt, interpreted by management as the eastern extension of the Detour Belt, which has seen recent exploration successes by Midland Exploration, Wallbridge Mining Company and Probe Metals. In addition, the Company owns the MAX Lithium project, located 4 km southwest of Sayona Mining’s North American Lithium mine.

On behalf of Tarku Resources Ltd.

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram and YouTube

Neither 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.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

Tarku Reports on the Outcome of its 2023 Annual General Meeting of Shareholders and Provides an Update on its 2023 Exploration Programs

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Company to remain active on its Apollo Gold, MAX Lithium and Silver Strike projects

MONTREAL, May 18, 2023. Tarku Resources Ltd (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that at its Annual General and Special Meeting of Shareholders, held on May 15, 2023, Tarku shareholders re-elected Bernard Lapointe, Julien Davy, Jeff Sheppard, Kyle Appleby and David Watkinson as directors.

Nominee	Votes for	% For	Abstentions	% Abstained	% Against
Julien Davy	23,295,312	99.98%	5,000	0.02%	0.00%
Bernard Lapointe	23,259,415	99.82%	40,897	0.18%	0.00%
Kyle Appleby	23,282,112	99.92%	18,200	0.08%	0.00%
Jeff Sheppard	23,282,112	99.92%	18,200	0.08%	0.00%
David Watkinson	23,282,112	99.92%	18,200	0.08%	0.00%

The shareholders also approved maintenance of the stock option plan as described in the information circular and reappointed Davidson & Company LLP as the independent auditor of the Company.

Following the annual meeting, the Board of Directors appointed the following individuals as officers of the Company: Bernard Lapointe, Chairman of the Board, Julien Davy, President and Chief Executive Officer and Kyle Appleby, Chief Financial Officer.

Update on Tarku’s 2023 Exploration Programs

The Company’s exploration portfolio has 3 separate components, namely gold, lithium and silver, allowing Tarku to react quickly to changes in market conditions. The Company will remain active in 2023 on all its key projects.

In Quebec, the recent drill program on its wholly-owned Apollo Gold project confirmed the presence of a strong gold-bearing orogenic system identified over a 3-km strike length. The results (see press release dated April 4, 2023) revealed several >10 m sections of anomalous gold-bearing rock associated with very finely disseminated cubic pyrite within pervasive silicification and/or quartz stockwerk systems. Examples of assay results received were:

Hole AP-22-005 intersected 8 m at 0.98 g/t Au.
Hole AP-22-07 intersected four gold-bearing structures over 10 metres wide, including 46.9 m at 0.33 g/t Au, 11.27 m at 0.46 g/t Au, 20.48 m at 0.23 g/t Au and 14.0 m at 0.37 g/t Au, with mineralization at the end of the hole.

Tarku is now planning a phase 2 drilling program over a 5 km section, adjacent to the east that hosts similar high-potential geophysical anomalies, which could extend the length of the gold-bearing zone to up to 8 km.

In Quebec, Tarku also owns 100% of the MAX Lithium project, located 45 km north of Val-d’Or and 4 km southwest of Sayona Mining’s North American Lithium mine (proven reserves of 1.2 million tonnes grading 0.92% Li₂O and probable reserves 28 million tonnes grading 0.96% Li₂O (source: company press release dated May 23, 2022)). As reported previously, Tarku will conduct a ground sampling and mapping program in the coming weeks.

On its wholly-owned Silver Strike project in Arizona, Tarku conducted a geophysical survey in 2022 and is now finalizing the planning of its 2023 exploration program, which will include surface mapping over the new targets generated, and potentially a drilling program, depending on market conditions. The data from the 2022 magnetic geophysical survey was the first recent geophysical data for the area and has been used successfully in the discovery of carbonate replacement deposits (CRD), Tarku’s target at Silver Strike.

Tarku is also pleased to announce that the wholly-owned subsidiary of Exla Resources Inc. (OTC PINK: EXLA) has converted CA$150,000 of a CA$500,000 principal amount of a six percent (6%) convertible unsecured subordinated debenture due in 60 months (5 years) for a conversion price of $0.10. The unsecured convertible debenture was part of a purchase agreement between Tarku and Exla, pursuant to which Tarku acquired 100% ownership of the Silver Strike Project located in Tombstone, Arizona. The acquisition was announced in a news release dated February 25, 2022.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku and a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, prepared, supervised and approved the technical information in this news release.

About Tarku

On behalf of Tarku Resources Ltd.

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku Confirms the Presence of a Strong Gold-Bearing Orogenic System over a 3 km Strike Length on Apollo

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First-ever drilling program on Apollo successful in identifying a strong gold-bearing orogenic system along the Sunday Lake Fault similar to the Detour Lake Mine
Drilling hit wide gold intervals covering an interpreted 3-km strike length
Hole AP-22-07 intersected four gold-bearing structures over 10 metres wide between 300 and 550 m depth, including 46.9 m at 0.33 g/t Au, 11.27 m at 0.46 g/t Au, 20.48 m at 0.23 g/t Au and 14.0 m at 0.37 g/t Au, with mineralization at the end of the hole
All structures remain open along strike and at depth, with the property hosting abundant dykes and an intrusive stock with alkaline compositions

MONTREAL, April 4, 2023. Tarku Resources Ltd (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to confirm the presence of a strong gold-bearing orogenic system identified over a 3-km strike length during its 2022 drilling campaign on its Apollo project. One of the “3As”, which comprise a total of 217 claims covering about 130 square kilometres, Apollo is wholly owned by Tarku and straddles 20 km of the Sunday Lake Fault, host of the Detour Lake Mine.

Julien Davy, President and CEO of Tarku Resources, said: “This first drilling program on Apollo was a true success, as wide altered gold-bearing structures were intersected on four of six target areas, enabling us to confirm the presence of an orogenic system with similar characteristics to the Detour Lake mine system. The discovery hole AP-22-07, drilled on the edge of a magnetic high, is of particular interest as it intersected four significant structures, each more than 10 metres wide. The extensive alterations observed and the long, continuous gold intersections relating to a regional deformation zone associated with syenite intrusions are features of the type of deposit Tarku is looking for. Now that we know we have a gold-bearing system on Apollo, we will do more drilling in that area to confirm its potential both along strike and at depth. Our next drilling program will also focus on confirming the continuity of the gold-bearing structures identified thus far.”

First drilling program on the Apollo project

In December 2022, Tarku carried out an initial drilling program on its Apollo project, consisting of 3,048 m in eight holes on a 4-km-wide priority area along the Sunday Lake Deformation Zone, where no prior exploration for gold had ever been reported. The targeted zones corresponded to magnetic and induced polarization anomalies between surface and 577 m depth. Visual inspection of the core reveals intensive hydrothermal alteration similar in style to orogenic gold deposits, as well as magmatic alteration, including hematization, carbonatization and sericitization.

The results (table 1) reveal several >10 m sections of anomalous gold-bearing rock associated with very finely disseminated cubic pyrite within pervasive silicification and/or quartz stockwerk systems.

Table 1: Best results of first drilling program on Apollo

Hole #	From (m)	To (m)	Width (m)*	Au (g/t)	Comment
AP-22-002	116.27	129.57	13.30	0.25	Strong pervasive silicification zone including 5-7% finely disseminated pyrite, locally brecciated and at the contact of a syenite
incl.	116.27	122.85	6.58	*0.40*
incl.	116.27	117.55	1.28	*1.80*
incl.	128.30	129.57	1.27	*0.53*
AP-22-002	224.00	224.50	0.50	0.25	Small silicification zone at the contact of an intermediate intrusion
Ap-22-003	199.00	200.00	1.00	0.27	Potentially associated with mm quartz veinlets
Ap-22-003	226.00	226.80	0.80	0.31	Small silicification zone at the contact of a syenite
AP-22-005	295.00	297.62	2.62	0.30	Pervasive silicification zone with finely disseminated pyrite within quartz stockwork at the contact of a brecciated syenite
AP-22-005	307.67	314.00	6.33	0.21
AP-22-005	342.73	347.00	4.27	0.29	Strong pervasive silicification zone including 2% finely disseminated pyrite, locally brecciated and at the contact of a strongly hematized syenite
AP-22-005	362.00	370.00	8.00	0.98	Strong pervasive silicification zone including 5-7% finely disseminated pyrite, locally brecciated and at the contact of a syenite
incl.	363.00	366.00	3.00	*2.23*
incl.	363.00	364.00	1.00	*5.75*
AP-22-006	192.70	195.00	2.30	0.18	Low gold intersection associated with typical silicification and hematization alteration zone with finely disseminated 10% pyrite
AP-22-007	247.71	247.93	0.22	0.29	Disseminated pyrite within alternation of silicification lapilli tuff and polygenic conglomerates sequences
AP-22-007	303.10	350.00	46.90	0.33	Wide zone of pervasive silicification with finely disseminated pyrite and quartz stockwork. Fuschite has been identified in this section.
incl.	303.10	338.50	35.40	*0.39*
incl.	307.00	313.00	6.00	*0.56*
incl.	319.00	334.00	15.00	*0.49*
AP-22-007	371.38	382.65	11.27	0.46	Strong pervasive silicification zone including 1-2% finely disseminated pyrite, locally brecciated and at the contact of a hematized syenite
incl.	375.84	380.00	4.16	*0.81*
AP-22-007	440.92	441.38	0.46	0.75	Silicification contact between mafic tuff and syenite
AP-22-007	457.52	478.00	20.48	0.23	Strong pervasive silicification zone including 1% finely disseminated pyrite with local quartz stockwerk locally brecciated
incl.	457.52	458.80	1.28	*1.24*
AP-22-007	495.50	509.50	14.00	0.37	Strong pervasive silicification zone including 3-4% finely disseminated pyrite, with quartz stockwerk
incl.	495.50	497.00	1.50	*2.84*
AP-22-007	525.00	533.80	8.80	0.24	Silicification contact between mafic tuff and syenite
AP-22-007	547.80	549.61	1.81	0.34	Silicification contact between mafic tuff and syenite

* True width is estimated at 75% of core length.

Figure 1: Apollo hole location map

Similar orogenic gold deposit model to the Detour Lake mine

The regional Rivière Waswanipi shear zone is the eastern extension of the Sunday Lake Fault, which hosts the >20 million ounces Detour Lake gold mine and the Kirkland Lake mining camp, which has produced over 50 million ounces of gold. Similar to the Sunday Lake Fault, the Rivière Waswanipi shear zone is characterized by the presence of alkaline rocks, polygenic conglomerates (Timiskaming-type) and porphyry intrusions bearing anomalous gold values on the order of hundreds of parts per billion (GM 52712).

The 3As projects were acquired in 2016, as Tarku staked open ground, based on a detailed data compilation exercise in the region. This process also took into account the historical zinc mining district of Matagami (4.6 million tonnes Zn and 0.494 million tonnes Cu from 1960 to 2004) and especially, the overlooked potential for gold mineralization.

After Tarku acquired the properties, it carried out a till sampling program. Statistical analysis revealed three different populations within the gold assay results, given 93% gold background of values between 0.25 g/t and 0.35 g/t Au. Several mineralogical characteristics were also found as the geochemical signature of the gold-bearing zones that correlate with Te (0.86), Ag (0.80) and Mo (0.76).

Along the same regional structure, other explorers, such as Maple Gold, Balmoral and Midland Exploration, have returned exciting drill results and demonstrated the strong gold potential of the area.

Drilling sampling method and QA/QC

Diamond drilling was done by Forages Rouillier of Amos, Quebec. All the NQ-size core is recovered by the drillers, sent to the Matagami core shack and logged by the geologists. Samples generally vary from 0.5 m to 1.5 m depending on the geological environment. Sample preparation is then done by Service MNG, where the drill core is sawed in half, with one half used for chemical analysis and the other half for control purposes.

All samples are sent to the Actlab Laboratory in Val-d’Or, Quebec, for analysis. Each sample is dried and crushed to 80% passing -2mm (10 mesh) and 300 g are taken to be pulverized to 85% passing 75 microns (200 mesh). Gold analysis (TMT-G5B method) is performed by fire assay on 50 g samples with an atomic absorption finish. Samples exceeding the detection limit of 3,000 ppb are reanalyzed by fire assay with a gravimetric finish. The sample is then treated by four-acid digestion and analyzed by ICP-MS for 60 elements, including silver (Ag), copper (Cu), lead (Pb) and zinc (Zn).

Quality assurance/quality control (QA/QC) includes the use of duplicates representing one quarter (1/4) of the drill core, blank samples and material certified for Au, Ag and Cu. QA/QC additions to the sample stream total an additional 10% of samples analysed.

A total of 2,178 samples were taken and analysed for gold and the 60 elements and 14 samples were analysed for lithogeochemistry.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku and a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has prepared, supervised and approved the technical information in this news release.

About Tarku

On behalf of Tarku Resources Ltd.

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku closes Private Placement and announces New Corporate Secretary

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MONTREAL, March 3, 2023. Tarku Resources Ltd (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the “Company” or “Tarku”) announces that it has closed today a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $290,500. This Private Placement is comprised of 4,150,000 units (the “Units”) at a price of $0.07 per Unit. Each Unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.12 per share, for a period of 24 months from the date the Units are issued. Insiders of the Company subscribed for 350,000 units.

All securities issued pursuant to the Private Placement is legended with a hold period of four (4) months and one day from the date of issuance. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The proceeds will be used for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange (“TSXV”) on March 1^st, 2023. The Company will apply for final acceptance of the TSXV.

Any participation by insiders in the Private Placement would constitute a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company’s market capitalization.

New Corporate Secretary nomination

Moreover, Tarku is pleased to announce the appointment of Michel Lebeuf Jr. as the Company’s new Corporate Secretary, effective March 1, 2023.

Michel Lebeuf Jr. is a member of the Quebec and Canadian bar associations and is a partner in the Business Law Group with Dunton Rainville in Montreal, Quebec. Mr. Lebeuf has extensive experience in corporate and regulatory compliance, securities laws, corporate finance and in merger and acquisition negotiations. He has advised underwriters and issuers in financing transactions, IPOs, direct equity offerings, acquisitions, private investments, and rights offerings, primarily on the CSE and TSXV exchanges. Michel’s experience extends across a variety of sectors, including, blockchain markets, mining, telecommunications, biotech, cannabis, real estate, structured products, retail and fintech. Mr. Lebeuf is a member of the Canadian Securities Exchange Think Tank and holds a Bachelor of Political Science and a Bachelor of Civil Law from the University of Montreal.

Stock option grant rectification

The Company wishes to rectify the expiration date of the options announced in its press release dated March 1^st, 2023. If not exercised, they will expire on March 1^st, 2028, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange.

About Tarku

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas projects), in the Matagami Greenstone Belt, interpreted by management as the eastern extension of the Detour Belt, which has seen recent exploration successes by Midland Exploration, Wallbridge Mining Company and Probe Metals. In addition, the Company owns the MAX Lithium project, located 4 km southwest of Sayona Mining’s North American Lithium mine.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku acquires 100% of the MAX Lithium property

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MAX Lithium property located in same batholith and geology as and just 4 km southwest of the North American Lithium mine, the only operating lithium mine in Quebec
19 km² property with road access, surrounded by spodumene-rich pegmatite showings and hosting several outcrops with as-yet untested potential
Exploration program to commence soon, and will include detailed mapping and sampling to prepare next drill targets

MONTREAL, March 1, 2023. Tarku Resources Ltd (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce the acquisition of a 100% interest in 28 claims (19.25 km²) forming the MAX Lithium property from prospectors (the “Vendors”). The property is located in Quebec, Canada, 45 km north of Val-d’Or and 4 km southwest of Sayona Mining’s North American Lithium mine (proven reserves of 1.2 million tonnes grading 0.92% Li₂O and probable reserves 28 million tonnes grading 0.96% Li₂O (source: company press release dated May 23, 2022)).

Julien Davy, President and CEO of Tarku Resources, said: “This agreement presents a significant new opportunity for Tarku shareholders in the growing global lithium market. Quebec is a haven for high-grade, high-quality lithium, and this project has the advantage of being located on the same batholith and geological context as the only producing lithium mine in Quebec, with spodumene-rich pegmatite showings surrounding the property. The other interesting fact about this property is that it seems to have been overlooked by past explorers, despite its prime location. We intend to do aggressive exploration and drill the project as soon as possible.”

“This new lithium project is also a good complement to our portfolio of quality gold and silver assets in Quebec and Arizona, where we’ll continue to be very active this year, and fits with Tarku’s established exploration strategy of exploring in overlooked, easily accessible areas with strong geological potential in safe jurisdictions,” added Mr. Davy.

Summary of the transaction to acquire the MAX Lithium property

Tarku can earn a 100% interest in the MAX Lithium property by issuing 4 million common shares of the Company (including escrow provisions to release one quarter of the shares in 4 months, one quarter in 8 months, one quarter in 12 months and the final quarter in 16 months). The Company will file all requisite documents with the TSX Venture Exchange (the “TSXV”) in connection with this transaction in order to obtain final acceptance.

Location of the Max Lithium property

Figure 1: Location of Tarku’s MAX Lithium property within the La Corne batholith at 4 km from North American Lithium’s operations

Update on other key projects

The Company also remains active on its other key projects.

On its wholly-owned Silver Strike project in Arizona, Tarku conducted a geophysical survey in 2022 and is now finalizing the planning of its 2023 exploration program, which will include surface mapping over the new targets generated, and potential drill program depending on market conditions. The MAG data from the 2022 survey was the first recent geophysical data for the area and has been used successfully in the discovery of carbonate replacement deposits (CRD), Tarku’s target at Silver Strike.

In Quebec, on its wholly-owned Apollo Gold project, Tarku has completed a maiden 3,048-metre drilling program over the extension of the Sunday Lake fault. Visual inspection of the core reveals both intensive hydrothermal alterations, similar in style to orogenic gold deposits, and magmatic alterations, including hematization, carbonatization and sericitization associated with fine-grained disseminated pyrite, pyrrhotite, sphalerite and copper observed over intervals up to 45 metres thick. Assay results are still pending but are expected very soon.

Financing announcement

Tarku also announces that it is undertaking a non-brokered private placement of units of up to $280,000.

Pursuant to the placement of units, Tarku is offering up to 4,000,000 units (the “Units”) at a price of $0.07 per Unit. Each Unit consists of one common share and one share purchase warrant entitling the holder to acquire one additional common share in the capital of the Company at a price of $0.12 per share, for a period of 24 months from the date the Units are issued. The proceeds of the financing will be used for general working capital purposes.

The Company will file all requisite documents with the TSX Venture Exchange in connection with this transaction in order to obtain final acceptance.

Stock option grant

The board of directors has approved the grant of 3,440,000 stock options pursuant to the Company’s stock option plan. The options were granted to directors, officers and consultants of the Company and are exercisable at a price of $0.10 per share. If not exercised, they will expire on February 28, 2027, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has prepared, supervised and approved the technical information in this news release.

About Tarku

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku Completes its maiden Drilling at Apollo and confirms the model

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MONTREAL, December 22, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce the successful completion of the maiden drill program on it’s Apollo Gold Project, part of the 3As Projects, located east of the town of Matagami, Eeyou Istchee James Bay, Quebec. Eight holes, for a total of 3,048m were completed on a 4km wide priority area of the east extension of the Sunday Lake Fault. Tarku controls 100% of more than 20km length of the regional faults, where no exploration has ever been reported for gold. Assays are pending for all holes but are expected to be received during Q1 2023.

Eight (8) holes, with lengths between 217m and 577m, totalling 3,048m were completed.
From east to west, the area covers a 4km long section of the Sunday Lake Fault.
Visual inspection of the core reveals both intensive hydrothermal alterations, similar in style to Orogenic Gold Deposits, as well as magmatic alteration including; hematization, carbonatization and sericitization.
Fine grained disseminated pyrite, pyrrhotite, sphalerite and copper are observed over intervals up to 45 metres thick.
The drill core has now been prepared and sent for assay, with results expected in the first quarter of 2023.

Julien Davy, President and CEO of Tarku Resources said: “We are very impressed by the core recovered during this maiden drill program. All 8 holes intersected prospective environments and the unexpected presence of visible base metals such as sphalerite and copper increase the prospectivity of this overlooked area. We’ll work on the interpretations during the coming weeks but the visible alterations halos of carbonatization, hematization, sericitization and silicification with structural control as visible breccia and the presence of long sequence of mineralization give us strong indications that this project looks more and more like other Abitibi-based multi-million ounces deposits. We eagerly await the assay results and wish all our shareholders and stakeholders a very Merry Christmas and a Happy New Year.”

Apollo Drill Program Summary (See release dated November 24, 2022, for holes 001 to 005):

The Sixth Hole (AP-22-006, 325m depth) tested the eastern side of Zone 8 Target (AZ8), corresponding to a high-chargeability anomaly with a strong magnetic susceptibility. Hole 6 intersected strongly altered rocks with pervasive silicification altering with moderate to intense meter wide sections of hematization associated with disseminated to massive magnetite and up to 5% disseminated pyrite. The hole section is regularly crosscut by quartz-carbonate-anhydrite and pyrite veinlets and stockwork with epidote and fuschite associated with pyrite, chalcopyrite and pyrrhotite.
The Seventh Hole (AP-22-008, 407m depth) tested the north area of the Zone 6 Target (AZ6) within the regional Sunday Lake Fault corresponding to structurally controlled geophysical responses. The hole intersected a different volcano-sedimentary environment within the regional Sunday Lake Fault with visible strong to intense deformation throughout the hole. The first 170 meters intersected well carbonated sequences of black shale and wacke with metre long sections of up to 10% pyrite and pyrrhotite. After the first 170 metres, lapillis tuffs have strong pervasive silicification and are intruded by quartz-carbonate veinlets that locally become stockwork with cm patches of pyrite, pyrrhotite and chalcopyrite. A decametric wide section showed visible copper with quartz-carbonate veinlets and several syenitic dykes are visible.
The Eight Hole (AP-22-007, 577m depth) targeted the Zone 5 Target (AZ5) and the bottom of the main magnetic anomaly. The hole has similarities with hole AP-22-002 with same syenitic dykes and ash to lapillis tuffs with over 100m of pervasive carbonatization, silicification, and hematization associated with disseminated to massive magnetite. The hole intersected a 49 meters long section of up to 5% pyrite, and pyrrhotite, finely disseminated throughout the section with locally sphalerite and potentially molybdenum also described.

Location Map of 2022 drill program at the Apollo Project. Background is a geophysical compilation of MAG, IP and TDEM surveys completed between 2019 and 2022

Pictures of 2022 Apollo drill core demonstrating a mineralization environment typical of orogenix and magmatique systemes

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, prepared, supervised and approved the technical information in this news release.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km² Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has completed an over 3,000m drill program and is waiting for the results.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku Closes $550,000 Private Placement and grants Stock Options

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MONTREAL, December 21, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) announces that it has closed today a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $550,000. This Private Placement is comprised of 13,750,000 units (the “Units”) at a price of $0.04 per Unit. Each Unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.08 per share, for a period of 36 months from the date the Units are issued.

The proceeds will be used for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange (“TSXV”) on December 16, 2022. The Company will apply for final acceptance of the TSXV.

Moreover, the board of directors has approved the grant of 500,000 stock options (“Options”) pursuant to the Company’s Stock Option Plan. The options, which were granted to directors and officers of the Company, are exercisable at a price of $0.10 per share. If not exercised, the Options will expire on December 21, 2027, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSXV.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku Announces Private Placement

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MONTREAL, December 15, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) announces that, subject to required approvals from regulatory authorities, more specifically the TSX Venture Exchange (the “TSXV”), Tarku is proceeding with a non-brokered private placement (the “Private Placement”) of up to 13,750,000 units (the “Units”) at a price of $0.04 per Unit for gross proceeds of up to $550,000. Each Unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.08 per share, for a period of 36 months from the date the Units are issued.

The Company plans to allocate the gross proceeds of the Private Placement to general working capital. Further, the Company will not allocate any of the proceeds to Persons conducting Investor Relations Activities as defined in the policies of the TSXV.

The Company will not pay any finder’s fees on a portion of the Private Placement in accordance with applicable securities laws and the policies of the TSXV.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has started a drill program of a minimum of 3,000-meter.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku notes the Presence of Orogenic Gold Deposit Style Alteration in its Ongoing Drilling at Apollo

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MONTREAL, November 24, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased provide shareholders with an update on its ongoing drill program at the Apollo Gold Project, part of the 3As Projects, located in the Matagami area, Eeyou Istchee James Bay, Quebec. The drill program is more than half way through, and the Company is pleased with the geological environment encountered in each of the 5 holes. Assays are pending for all holes but are expected to be received during Q1 2023.

Five (5) holes totalizing 1,739m completed to date, the sixth hole is underway.
Visual inspection of the core reveals intensive hydrothermal alteration similar in style to Orogenic Gold Deposits, including; hematization, carbonatization and-sericitization.
Fine grained disseminated pyrite and pyrrhotite are observed over 10 metres to 20 metres intervals.
The drill core has now been prepared and sent for assay, with results expected in the first quarter of 2023.

Julien Davy, President and CEO of Tarku Resources said: “The completion of the first five holes at the Apollo Gold Project has revealed an extensive hydrothermal system within a strongly deformation corridor across the project area. The visual inspection of the core showed alteration types associated with visible sulfide mineralization within the core, typical of orogenic gold bearing systems and more specifically of iron-rich alkaline and calcitic metasomatic system, such as numerous gold deposit in the Abitibi region and the nearby Detour Lake Gold Mine. We eagerly await the assay results.”

Apollo Drill Program Summary

The First Hole (AP-22-001, 408m depth) tested the Eastern edge of the Zone 4 Target (AZ4) corresponding to a high-chargeability anomaly, observed on the flank of a large magnetic anomaly suggesting the presence of mafic intrusion or a group of porphyritic dykes with an east-west orientation. The rocks are highly deformed with a strong schistosity (Picture 1). The hole intersected about 150m of strongly sericitized felsic volcanic tuffs, followed by intermediate to mafic volcanic ash to lapilli tuff sequences (Picture 2) with strong porphyry-style alteration transitioning from hematization-magnetitization to carbonatization-sericitization and strong silicification accompanied by an increase in alteration intensity with downhole depth. Up to 6% pyrite and potentially pyrrhotite (Picture 4) has been describe associated with the intensity of the carbonatization and hematization in places;
The Second Hole (AP-22-002, 386m depth) tested the east side of the Zone 1 Target (AZ1) corresponding to an increasing chargeability associated with a decreasing resistivity and a strong magnetic anomaly. The hole intersected syenitic rocks toward the top of the hole and over 100m of pervasive carbonatization, silicification, and hematization associated with disseminated to massive magnetite (Picture 3) with up to 7% pyrite, and potentially pyrrhotite, both finely disseminated. In several meter-long sections, carbonate veinlets are also present with recrystalized pyrite, and potentially pyrrhotite (picture 04).
The Third Hole (AP-22-003, 358m depth) also targeted the Zone 1 Target (AZ1) on its western margin corresponding to an increasing chargeability associated with a decreasing resistivity and a strong magnetic anomaly. The hole, which is 100m apart from AP-22-002, intersected similar very long strong pervasive alteration sequences with up to 7% pyrite and potentially pyrrhotite both finely disseminated and recrystalized associated with carbonate veinlets. Presence of magnetite veinlets associated with fine disseminated pyrite. Hole intersected about 8m of syenitic-type intrusion.
The Fourth Hole (AP-22-004, 217m depth) tested the Zone 2 Target (AZ2), located about 250m north from Zone 1. The hole intersected more mafic units with 10m long strong porphyry-style alteration transitioning from quartz-carbonate-ankerite to hematization-magnetite associated with up to 5% pyrite very finely disseminated (Picture 5). Epidotization, as well as fuschite have been describe in the hole.
The Fifth Hole (AP-22-005, 370m depth) tested the Western edge of the Zone 8 Target corresponding to a high chargeability followed with a strong magnetic susceptibility. Hole intersected same intermediate to mafic volcanic tuffs (Picture 6) weakly to moderately altered until the presence of several meter wide syenitic intrusions. The 100m wide section is strongly altered with pervasive silicification altering with moderate to intense meter wide sections of hematization associated with disseminated to massive magnetite and up to 5% disseminated pyrite. The hole section is regularly crosscut by quartz-carbonate and pyrite veinlets stockwork.

Location Map of the ongoing drill program at the Apollo Project. Background is a geophysical compilation of MAG, IP and TDEM surveys completed between 2019 and 2022

Pictures of the drill core demonstrating the strong deformation environment with strong alteration phases associated with mineralization

About the 3As project

The Apollo Project is part of the 100%-owned, 3 As projects (Apollo, Atlas, Admiral), and is located adjacent and to the north of the Atlas Project. It consists of 69 claims (3,775 ha, or 37.7 km²) centred on the Rivière Waswanipi Shear Zone (RWSZ). Collectively, the 3 As projects consists of 217 claims covering 130 km² in prolific area.

The 3 As projects were acquire in 2016, as Tarku staked open ground, based on a detailed data compilation exercise in the region, this process also took into account the historical zinc mining district of Matagami (4.6 Mt Zn and 0.494 Mt Cu from 1960 to 2004) and the overlooked potential for gold mineralization.

These studies suggested that the regional shear zone was the eastern extension of the Sunday Lake Fault, which host’s the 15 Moz Au Detour Lake Mine and the Kirkland Lake Mining Camp, which historically produced over 50 million ounces of gold. Similar to the Sunday Lake Fault the RWSZ is characterized by the presence of alkaline rocks, polygenic conglomerates (Timiskaming type) and porphyry intrusions bearing anomalous gold values on the order of hundreds of parts per billion (GM 52712).

Along the same regional structure, other explorers, such as Maple Gold, Balmoral and Midland Exploration, have returned exciting drill results and demonstrated the strong gold potential of the area.

Qualified persons

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has started a drill program of a minimum of 3,000-meter.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Tarku Commences Drilling its 3As Projects, Quebec

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MONTREAL, October 25, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that it has commenced drilling at the Apollo Gold Project, part of the 3As Projects, located in the Matagami area, Eeyou Istchee James Bay, Quebec.

First drill hole now underway as part of the 3,000 to 3,500 metres diamond drill program, testing six (6) of the nine (9) high-priority Target Zones that cover a total strike length of 5.35km.

Julien Davy, President and CEO of Tarku Resources said: “The commencement of drilling at the Apollo Gold Project is an exciting moment for Tarku and our shareholders. We have been working and accumulating geological knowledge on this never drilled sector of the Sunday Lake Fault, host of the Detour Lake Mine, since 2016. Drilling is targeting orogenic-style gold mineralization, for which drill results of between 0.5 and 1g/t Au over several metres are typical and would be considered very encouraging for the future of this project. We anticipate that we will receive the first set of results before the end of the year and the final set of results before the end of Q1 2023.”

Figure 1: Drill Rig at the Apollo Project

“ Tarku drilling 3As Apollo project in Quebec

About the 3As project

Along the same regional structure, other explorers, such as Maple Gold, Balmoral and Midland Exploration, have returned exciting drill results and demonstrated the strong gold potential of the area.

Qualified persons

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email:
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.