news releases 2020 - Tarku Resources

Tarku Announces CFO Change

Download PDF version | View all documents on Sedar

MONTREAL, December 8, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce that Kyle Appleby has been appointed Chief Financial Officer of the Company in place of Jeff Sheppard effective as of December 1^st. Mr. Sheppard who served as CFO and Director of the Company since many years remains Director. The board would like to thank most warmly Mr. Sheppard for his remarkable contributions to the Company as CFO.

Mr. Appleby spent the first 10 years of his career working in public accounting where he worked in both audit and advisory practices working with private companies and investment funds. In 2007 Mr. Appleby left the world of public accounting to focus on providing management and accounting services to public companies across a variety of industries including junior mining, food production, agriculture, cannabis, technology, crypto-currency and others. Mr. Appleby has been the Chief Financial Officer for numerous companies, listed in Canada, US and London and has extensive experience in financial reporting, IPOs, fund raising, and corporate governance. He holds a Chartered Professional Accountant designation and is a member in good standing of the Chartered Professional Accountants of Ontario and Canada. Mr. Appleby is also a director of two other public companies.

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku is an exploration company focused on making new discoveries in favourable mining jurisdictions. In Quebec, Tarku owns 100% on 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, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. In Arizona, Tarku owns the option to acquire 75% on 20km2 in the Silver Mining District of Tombstone.

Tarku Contact Information:

Julien Davy, President & CEO

Email:

Website: www.tarkuresources.com

LinkedIn: https://www.linkedin.com/company/tarkuresources/

Facebook: https://www.facebook.com/tarkuresources/

Twitter: https://twitter.com/TarkuResources

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 announces the Grant of Stock Options and Board appointment

Download PDF version | View all documents on Sedar

MONTREAL, November 11, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) announces that the board of directors has approved the grant of 3,200,000 stock options (“Options”) pursuant to the Company’s Stock Option Plan. The options, which were granted to directors, officers and consultants of the Company, are exercisable at a price of $0.17 per share. If not exercised, the Options will expire on November 11, 2025, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSX Venture Exchange.

Changes to the Board

The Board of Directors of Tarku also announces the appointment of Mr. David Watkinson, P.Eng. as Independent Director to the Board of Directors, effective immediately. Concurrent with Mr. Watkinson’s appointment, the Board of Directors has accepted the resignation of Mr. Tim Termuende, who has served the Company as a founding board member for over nine years. The Board wishes to thank Mr. Termuende for his service to the Company and its shareholders and wish him well in his future endeavours.

Mr. Watkinson brings over 35 years of professional engineering experience in underground and open pit mine development, including mine permitting, engineering, feasibility, construction, and operations to Tarku. In addition, Mr. Watkinson has extensive experience in project management, having taken projects from grass roots start-up to successful operating status. Mr. Watkinson has been responsible for management of large capital projects and operations in Canada, the United States and the Philippines. He has progressively held senior positions with Placer Dome Inc., Kinross Gold Corporation, Thyssen Mining Construction and Vulcan Materials Company. Mr. Watkinson holds a B.Sc. in Applied Science, Mining Engineering, from Queen’s University in Kingston, Ontario (1985) and is a Registered Professional Engineer in the Province of Ontario. He is President and CEO of Emgold Mining Corporation.

Julien Davy, president & CEO of Tarku, stated: “On behalf of the board, I would like to warmly welcome David to the Tarku Board of Directors. His strong experiences in the development of exploration projects will be extremely valuable to Tarku looking at our Tombstone property in Arizona. We look forward to working with him as we see renewed interest in exploration for gold, silver and base metals.”

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku Contact Information:

Julien Davy, President & CEO

Email:

Website: www.tarkuresources.com

LinkedIn: https://www.linkedin.com/company/tarkuresources/

Facebook: https://www.facebook.com/tarkuresources/

Twitter: https://twitter.com/TarkuResources

Tarku Closes $2.5 Million financing to advance Exploration in Tombstone, Arizona Including a Lead Investment by Eric Sprott

Download PDF version | View all documents on Sedar

MONTREAL, October 30, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce that it has closed its previously announced non-brokered private placement of gross proceeds of $2,500,000 (the “Offering”).

The Company issued 25,000,000 units (each a “Unit”) at $0.10 per Unit for total gross proceeds of $2,500,000. Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one-half (1/2) of one common share purchase warrant (each whole common share purchase share a “Warrant”) of the Company. Each whole Warrant is exercisable to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.15 until October 30, 2022. The net proceeds raised through the issue of Units will be to advance the Company’s exploration properties and for general working capital purposes.

All securities issued pursuant to the Private Placement with be 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 press 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 Company paid finder’s fees in a cash commission equal to 7% of aggregate proceeds from the sale of Units sourced by the finder totaling $150,904.69, as well as finder’s warrants (the “Finder’s Warrants”) in an amount of 1,312,500 which is equal to 7% of the aggregate number of Units sourced by the finder pursuant to the Private Placement. Each Finder’s Warrant is exercisable to purchase one Common Share at an exercise price of $0.15 until October 30, 2022.

Strategic Investment by Eric Sprott

Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 10,550,000 Units pursuant to the Private Placement for $1,055,000. Prior to the Private Placement, Mr. Sprott did not beneficially own or control any securities of the Company. As a result of the Private Placement, Mr. Sprott beneficially owns and controls 10,550,000 Common Shares of the Company and 5,275,000 Warrants representing approximately 19.9% of the issued and outstanding Common Shares of Tarku on a non-diluted basis and 27.1% on a partially diluted basis.

Mr. Sprott has undertaken that the Warrants acquired by 2176423 will only be exercised to the extent that the Warrant Shares issued upon such exercise would not result in him becoming a “Control Person” (as such term is defined in the policies of the TSX Venture Exchange (“TSXV”) of the Company, unless prior approval of the TSXV and disinterested shareholders (excluding the votes of 2176423 Ontario Ltd. and its “Associates” and “Affiliates”, as those terms are defined by the TSXV) has been received. The Company has undertaken to bring and support the matter before the next Special Meeting of shareholders which is anticipated to be convened in January 2021.

The Units were acquired by Mr. Sprott, through 2176423 Ontario Ltd. for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of 2176423 Ontario Ltd.’s early warning report will appear on the Company's profile on SEDAR and may also be obtained by calling (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku Contact Information:

Julien Davy, President & CEO

Email:

Website: www.tarkuresources.com

LinkedIn: https://www.linkedin.com/company/tarkuresources/

Facebook: https://www.facebook.com/tarkuresources/

Twitter: https://twitter.com/TarkuResources

Tarku Announces Non-Brokered Private Placements for a Maximum of $2,500,000

Download PDF version | View all documents on Sedar

MONTREAL, October 26, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) ") is pleased to announce that it is undertaking a non-brokered private placements of units (the "Offering"), for a maximum of $2,500,000.

Pursuant to the placement of units, Tarku is offering a maximum of 25,000,000 units at a price of $0.10 per unit, for a maximum of $2,500,000. Each unit consists of one common share and one-half common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.15 per common share for a period of 24 months after the closing.

The Company will use the proceeds of the Offering for purposes of working capital and to maintain and preserve its existing operations and assets and for exploration expenditures on its current properties.

Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange (the "TSX-V"), cash finders' fees may be payable to eligible persons with respect to subscriptions accepted by the Company. It is anticipated that certain insiders may participate in the Offering. All the securities sold under the Offering (including any common shares issuable upon exercise of the common share purchase warrants) will be subject to a four month and a day hold period following the closing.

The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1993, as amended ( the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, pr for the account or benefit of, United States persons absent such registration or any applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities nor shall there be any sale of the securities referenced herein in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The Offering is subject to certain conditions including, but not limited to, the receipt of all applicable regulatory approvals including approval of the TSX-V.

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku has a tightly held capital structure with 28,074,036 outstanding shares, of which approximately 80% are owned by 20 insiders and major shareholders.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

- www.tarkuresources.com

Tarku executes definitive agreement securing strategic position in historic Copper Gold Silver Tombstone District, Arizona

Download PDF version | View all documents on Sedar

MONTREAL, October 22^nd , 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce the signing of the final agreement with arm’s length parties (the “Vendors”) under which Tarku has an Earn-In interest for up to 75% over 3 years in 1250 hectares of mineral claims in the Tombstone mining District, Arizona (see figures in presentation). This final agreement follows the execution of a letter agreement previously announced and detailed in its October 5, 2020 press release.

Julien Davy, President and CEO of Tarku, stated: "This agreement sets the stage for a significant new opportunity for Tarku shareholders . The more we investigate and uncover information from historical databases and records, the more we see the potential for Tombstone regaining the shine it once had as a major historical Silver district”.

“As evidenced with their most recent press releases, Aztec Minerals (TSXV:AZT) has demonstrated that by applying modern drilling methods Silver mineralization is related to regional fractures mainly oriented NNE-SSW with high-grade Gold and Silver intervals around old mining tunnels and longer intervals of near surface bulk-tonnage. Tarku holds the extensions of those intervals as well as other regional NNE-SSW fractures that encompasses several past high-grade mines”.

“Tarku’s strategy for the Tombstone project area is twofold : first to validate the existence of potential resources of high-grade silver mineralization in the close vicinity of past mines located on our property and secondly, to establishes that the same potential exists on a more regional scale along the extensions of those NNE structures which we also control over 5km in length”.

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

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku is an exploration company focused on making new discoveries. In Quebec, Tarku owns 100% on 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, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. In Arizona, Tarku owns the option to acquire 75% over 3 year on the Silver Tombstone project.

Tarku has a tightly held capital structure with 28,074,036 outstanding shares, of which approximately 80% are owned by 20 insiders and major shareholders.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

- www.tarkuresources.com

Tarku establishes strategic position in historic Copper Gold Silver Tombstone District, Arizona

Download PDF version | View all documents on Sedar

MONTREAL, October 05, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce that it has entered into an agreement with arm’s length parties (the “Vendors”) under which Tarku intends to acquire up to 75% in 1250 hectares of mineral claims in the Tombstone area mining District, Arizona. The agreement is subject to completion of due diligence, the finalization of a definitive agreement governing the acquisition and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange”).

Acquisition Highlights

Acquisition of 1,250 + hectares exploration land package in a historic mining jurisdiction prospective for Copper, Gold and Silver
Tarku will become one of the most significant mineral claim owners in the historic Tombstone mining district
The mineral claims are a combination of BLM, patented and unpatented claims
Assets located in vicinity of Tombstone and its numerous historic high-grade silver mines
Past producing assets focused solely on high grade veins
Under-explored assets mainly focused on shallow drilling of high-grade silver veins.
More recent interpretation suggests large porphyry Cu-Au system
Numerous exploration targets identified

Julien Davy, President and CEO of Tarku, stated: ” Tombstone has an incredible history of mining. The area has produced approximately 32 million ounces of silver at an average grade of almost 26 oz/t as well as 260,000 ounces of gold at 6.5g/t and in lesser amounts other base metals as lead, zinc, copper, zinc and manganese. Previously thought to be an epithermal silver-lead-zinc district of limited size and potential, we now understand that mineralization is associated with volcanism and related caldera formation, and alteration assemblages which are characteristic of porphyry copper deposits and its surrounding systems. It’s not surprising to find world class Cu-Au porphyry producing mines to the south within the same geological trend.”

“Tarku’s Project consists of the amalgamation of an exceptional land package in the Tombstone District. We believe the decades of silver production mainly from 0 to 200m deep due to their technical capacity of pumping water in the 30’s, is the tip of the iceberg of a bigger Cu-Au porphyry system. The area has never been explored in modern times with a “big picture” view and utilizing a thorough systematic approach.

History of the Tombstone Area

The Project is located in Cochise County, Arizona in the famous Tombstone Mining district, one of the earliest silver mining areas in western United States that start producing numerous silver mines in 1877. Despite the attractive quantity of silver found in the district, the low metal prices of the 1915’s led past producers to focus mainly on high-grade veins. During the 38 year-period from 1877 to 1915, when most of the ore was produced at Tombstone, declining silver prices, financial panic, and the removal of the United States currency from the silver standard, had immeasurably more effect on the mines than the Earp/Clanton feud, bandits, and their technical inability to deal with underground waters.

Some sporadic production in the area was recorded at different periods also stimulated by a higher gold price. During World War II, there was some study of the manganese deposits in the district in relation to the war effort. Exploration work in late 1950 showed values in lead and zinc and in 1965, limited drilling was completed probing for porphyry-copper-type model recovering alteration zones in the vicinity of breccia pipes and extensive but low-grade mineralization.

Between 1980 and 1985, Tombstone Exploration, Inc. operated an open pit mine on the Contention vein and produced up to 3,000 tons per day of ore averaging in the range of 1.25 oz/t Ag and 0.6 g/t Au. No exploration drilling was ever done, and no ore reserves of significance were measured ahead of mining.

Tarku’s Tombstone Project

The Project encompasses a total of about 1,250 hectares (13 km²) adjacent to the South of the Tombstone city, Cochise county, Arizona and consists of a combination of BLM claims as well as patented and unpatented claims (see figure 1).

The area is characterized by mountain building episodes and sedimentation (mountain erosion) intruded by numerous granites. Older rocks are unconformably overlying the Tombstones hills by tick sequences of sediments which are excellent host mineralization as they chemical and resistant characteristics make them break easily under tectonics stress and provide pathways for veins and mineralization. The principal production from the Tombstone mining district has been from high grade veins associated with those fractures.

Although Tombstone has primarily been a silver camp, substantial gold and lead, and subordinate copper, zinc, and manganese have also been produced. The silver to gold ratio for documented production between 1877 and 1937 is 126 to 1 and production has come mainly from mineralized vein fractures cutting folded sediments. Ninety-five percent or more of the production is from the surface to 200 m and is primarily from oxide ore minerals.

More recent publications and data compilation concluded that the volcanic geology and structure in the Tombstone area is related to a district-scale Laramide caldera. Mineralization in the district is also related to the caldera and attendant hydrothermal fluid migration. These districts are typically zoned from silver-rich peripheries to higher base-metal and gold contents near to the intrusions. Copper-gold mineralization occurs in intrusion-hosted stockworks or skams.

In the early 70’s, the American Smelting & Refining Company (ASARCO) obtained a lease on the Horne claims around the Robbers’ Roost breccia pipe. They drilled three holes to a maximum depth of 1700m (5,000 ft) on a porphyry copper alteration zone in the vicinity of the breccia pipes. These holes intersected extensive but low-grade mineralization, grading vertically downward from a lead-zinc phase of mineralization into porphyry copper type mineralization, including disseminated pyrite, chalcopyrite, and molybdenite, as well as secondary K-feldspar and purple anhydrite. Poor copper prices at the time and since have discouraged further exploration for copper at this depth.

These mining claims are part of the agreement and such data strongly encourage Tarku’s management to believe the Tombstone Area has the potential to host a significant porphyry copper system with associated gold and silver.

Tarku cautions that comparisons of the mineralization in a porphyry copper system may not be indicative of the mineralization that may be identified on the Company’s project in the Tombstone area and is used as a conceptual exploration model only.

Summary of the Transaction

Tarku has the right but not the obligation to earn up to a 75% interest over 3 years in the Vendors’ mineral claim by funding project expenditures of up to US$3 million as follows:

Tarku will acquire 25% of the Property after spending US$ 1,000,000 in exploration expenses within the first year of earn-in period
Tarku will acquire an additional 26% (total of 51%) of the Property after spending an additional US$ 1,000,000 in exploration expenses and the production of a 43-101 report on the Property within the first 2 years of earn-in period
Tarku will acquire an additional 24% (total of 75%) of the Property after spending an additional US$ 1,000,000 for a cumulative US$ 3,000,000 in exploration expenses within the first 3 years of earn-in period.

At the end of this Earn-in Period, the Vendors and Tarku will become JV partners on the Property, 75% Tarku, 25% the Vendors. Should the Vendors elect to dispose of their remaining interest, Tarku will keep a Right of First Refusal.

The Transaction is an arm’s length transaction. Pursuant to the terms of the agreement, it is anticipated that the definitive agreement (the “Definitive Agreement”) in respect of the Transaction will be signed on or before October 15, 2020, at which time the Company will issue a comprehensive news release in respect of the Transaction.

Upon completion of the Definitive Agreement, Tarku will issue 3,000,000 common shares to the Vendors in consideration for the Projects. The shares will be subject to resale restrictions of 4 equal period of 6 month each and a RoFR will allow Tarku the opportunity to place these shares with existent shareholders at prevailing market price. At each anniversary date over the 3 years, Tarku will pay US$ 175,000 to the vendors of which a minimum of US$ 50,000 will be a cash payment and US$ 125,000 will be paid either in shares or in cash at the Companies discretion. In addition, Tarku will have to make several payments of a total of US$ 725,000 spread over the next 2 years to purchase specific options the Vendor has on certain patented and unpatented claims.

Completion of the Transaction is subject to a number of conditions, including but not limited to the following key conditions:

Execution of the Definitive Agreement;
Completion of mutually satisfactory due diligence; and
Receipt of all required regulatory, including the approval TSX Venture Exchange.

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku is an exploration company focused on making new discoveries. Tarku owns 100% on 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 in Quebec, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc.

Project generation is the foundation of creation wealth in the mining business. Tarku is interested in generating sustainable projects by conducting exploration in areas with strong geologic potential and high levels of social acceptability within Québec, and projects that can be explored and developed quickly with the support of the community. Tarku has 28,074,036 outstanding shares, of which approximately 75% are owned by 20 insiders and major shareholders. Management is also actively reviewing several opportunities and projects to build up the Company portfolio and generate shareholder value.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

– www.tarkuresources.com

Tarku announces Claims Acquisition and prepare for drilling

MONTREAL, September 9, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) announces it has increased its land position along the regional Sunday Lake fault and will begin fieldwork to prepare for a drilling campaign on its wholly owned Three A’s Projects, in the Matagami area, Eeyou Istchee James Bay, Quebec.

Following the field work and the compilation of historical data carried out over the past 3 years on the Admiral and the Apollo Project, the Company reaffirms the strong gold mineralization similarities with the geological context found at the Detour Lake Mine and the Kirkland Lake Mining Camp. On the Admiral project, Tarku has added 50 claims along the regional fault and on Apollo, the Company is preparing field work over the 6 km zone defined along the same regional fault locally named Rivière Waswanipi shear zone (see figure 1).

Julien Davy, President and CEO of Tarku, stated: " The preparation of a drilling campaign is existing. Several geological evidences lead us to believe that the extension of the Sunday Lake Fault on our 3A projects and more specifically on the Apollo project, could contain the source of the gold we found in our till samples. This is where we will target our drilling during next winter. Along with the new claims added, we now control almost 40km along a high prospective Gold-bearing regional fault.”

About the Apollo project

The Admiral project is part of the “Three A’s”, 3 projects wholly owned by Tarku in the Matagami area (Admiral, Apollo and Atlas) totaling 248 mining titles centered on the Eastern extension of the Sunday Lake regional fault including ductile shear of the Waswanipi River (RWSZ). Apollo is adjacent to the north of its also 100% owned Atlas Project. It consists of 97 claims (50,6 km²) centred on the Rivière Waswanipi ductile shear zone. This regional structure 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). This corridor, altered to carbonate-hematite-magnetite, contains the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m; GM 51193) hosted in a porphyritic dyke and tuffs altered to pyrite-fuchsite as well as several porphyry intrusions bearing anomalous gold values on the order of 0.1 to 0.9 g/t Au over 0.6 to 5 m (GM 52712).

In 2019, following a 271 line-km geophysical High-resolution magnetic survey completed along the 6 km wide favourable zone along the regional Rivière Waswanipi shear zone (see press release dated April 10, 2019), several never drill tested gold targets were outlined in a favourable geological context: metallotects present a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions, which Tarku interprets as being similar to those of the regional Sunday Lake Fault, host of the Detour Lake mine or the Kirkland Lake Mining Camp. Tarku cautions that the mineralization at the Detour Lake mine or the Kirkland Lake mining Camp may not be indicative of the mineralization that may be identified on the Company’s Matagami projects and is used as a conceptual exploration model only.

Tarku is now planning a ground geophysics program to prepare for its next winter drilling campaign.

About the Admiral project

The Admiral project is located west of Lake Olga and consists of 80 claims (44,5 km²) overlying the convergence of the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones. The LOSZ contains the Lac Olga Ouest gold showing (5.9 g/t Au, grab sample, GM 49140) and Newmont’s high-grade deposit Indice Principal zone Olga located 10 km southeast of Admiral (14.75 g/t Au, 1.14% Cu and 10.3 g/t Ag over 1.50 m, GM 50632) (see www.tarkuresources.com).

Tarku’s management believes that the gold potential of the Matagami sector has been undervalued and uses today modern geological models and exploration techniques to aid in the discovery of gold mineralization. Tarku cautions that the mineralization at the Detour Lake mine or the Kirkland Lake mining Camp may not be indicative of the mineralization that may be identified on the Company’s Matagami projects and is used as a conceptual exploration model only.

About Tarku Resources Ltd. (TSX.V : TKU)

Tarku is an exploration company focused on 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 in Quebec, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

- www.tarkuresources.com

Tarku announces Board appointment

MONTREAL, September 1^st, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce the appointment of Mr. Kyle Appleby, CPA, CA as Independent Director to the Board of Directors.

Mr. Appleby possesses over 20 years of accounting and financial consulting experience, acting as CFO to public and private companies in a broad range of industries (including several mining companies with operations in North America and Africa). He is a member in good standing of the Chartered Professional Accountants of Canada and the Chartered Professional Accountants of Ontario. Mr. Appleby graduated from York University with a Bachelor of Arts in Economics and obtained his accounting designation in 2001.

Julien Davy, president & CEO of Tarku, stated: “On behalf of the board, I would like to warmly welcome Mr. Appleby to the Tarku Board of Directors. His strong experiences and relationships gained during his career make him, as an independent Director, a valuable addition to our existing Board. We look forward to working with him as we see renewed interest in exploration for gold, silver and base metals.”

About Tarku Resources Ltd. (TSX.V : TKU)

Project generation is the foundation of creation wealth in the mining business. Tarku is interested in generating sustainable projects by conducting exploration in areas with strong geologic potential and high levels of social acceptability within Québec, and projects that can be explored and developed quickly with the support of the community. Tarku has 28,074,036 outstanding shares, of which approximately 85% are owned by insiders and major shareholders. Management is currently reviewing several opportunities and projects to build up the Company portfolio and generate shareholder value.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

– www.tarkuresources.com

Tarku closes a $ 785,100 Private Placement

MONTREAL, August 14, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $785,100 (“the Offering”).

The Private Placement was comprised of 12,078,457 non-flow through units (“Unit”) of the Company at a price of $0.065 per unit. Each Unit consists of one common share of the Company and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.085 per common share for a period of twenty-four (24) months expiring August 13, 2022. The securities issued under this Private Placement are subject to a statutory four (4) month hold period ending December 14, 2020.

The net proceeds of the Private Placement will be used to fund the Company’s gold and precious metals exploration projects and for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange. The Company paid finders’ fees $12,100 in connection with the Private Placement. Insiders of the Company subscribed for 869,230 Units.

About Tarku Resources Ltd. ( TSX.V: TKU)

Project generation is the foundation of creation wealth in the mining business. Tarku is interested in generating sustainable projects by conducting exploration in areas with strong geologic potential and high levels of social acceptability within Québec, and projects that can be explored and developed quickly with the support of the community. Tarku has 28,074,038 outstanding shares, of which approximately 80% are owned by insiders and major shareholders. Management is currently reviewing several opportunities and projects to build up the Company portfolio and generate shareholder value.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

– www.tarkuresources.com

Tarku Announces the Grant of Stock Options

MONTREAL, July 31, 2020. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) announces that the board of directors has approved the grant of 810,000 stock options pursuant to the Company's Stock Option Plan. The options, which were granted to directors and officers, are exercisable at $0.11 per share, and if not exercised, expire July 30, 2025, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSX Venture Exchange.

About Tarku Resources Ltd. (TSX-V: TKU)

Tarku is an exploration company focused on 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 in Quebec, and which has seen recent exploration successes by Midland Exploration, Wallbridge Mining and Probe Metals.

Project generation is the foundation of creation wealth in the mining business. Tarku is interested in generating sustainable projects by conducting exploration in areas with strong geologic potential and high levels of social acceptability within Québec, and projects that can be explored and developed quickly with the support of the community. Tarku has 15,995,581 outstanding shares, of which approximately 80% are owned by insiders and major shareholders. Management is currently reviewing several opportunities and projects to build up the Company portfolio and generate shareholder value.

For more information, please visit the Company’s web site or contact:

Julien Davy, President & CEO

- www.tarkuresources.com