Category: news releases 2016

Tarku Resources Ltd. (TSX-V: TKU) announces the resignation of Mr. Bernie Kennedy, President & CEO. Mr. Kennedy will remain as a director of the company. On behalf of the Board: Mr. Tim J. Termuende would like to thank Mr. Kennedy for his services and dedication to the company and he is pleased that he will continue with Tarku as a director in the best interest of the shareholders. Mr. Sylvain Laberge is appointed President & CEO and will join the board of directors at the next Annual General Meeting. Mr. Laberge’ s knowledge of the province of Quebec and his experience with the mining sector and the market environment will bring added value to the shareholders of Tarku. On behalf of the Board: Mr. Tim J. Termuende welcomes Mr. Laberge to the team of Tarku. “Having worked with Sylvain in the past we considered his experience to be beneficial to the shareholders.”

About Tarku:

Tarku Resources Ltd. is an exploration company focused on discovery in the mineral-rich Canadian landscape. The foundation of the company is based on an experienced management team with a track record of success. The goal of Tarku is to provide success for shareholders through the implementation of strategic property acquisitions, the use of proven exploration techniques and the exploitation of fertile ground. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.

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

Bernie Kennedy, Consultant

Sylvain Laberge
President and CEO
.
www.tarkuresources.com

CRANBROOK, BRITISH COLUMBIA - Aug. 23, 2016 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") announces that it has amended the option agreement (the "Agreement") with Eagle Plains Resources Ltd. concerning the Tarku property (the "Property"), located in the province in Saskatchewan. Under the terms of the amendment, Tarku will acquire a 100% interest in the property and is not required to make further cash payments or complete work commitments. The Company also announces that it is renaming the project "Virgin River."

The initial option agreement with Eagle Plains stipulated that Tarku was to make staged cash and share payments totaling $500,000 cash ($35,000 paid to date) and issue 1,200,000 shares of Tarku (200,000 issued to date) over a five-year period that started in 2014. The new terms allow Tarku obtain a 100% interest in the property by issuing two million shares to Eagle Plains. Eagle Plains will maintain a 2% Net Smelter Royalty in the Property, however Tarku can purchase 1% for $1,000,000.

The amended agreement provides Tarku with much more flexibility in advancing the property, as it ensures that the Company can deploy the maximum amount of its capital on exploration, as opposed to making option payments.

Sylvain Laberge, President and CEO of Tarku stated, "I am pleased with the outcome of the negotiations with Eagle Plains and its management and their desire to build a long term relationship."

The Agreement is subject to the approval of the TSX-Venture Exchange.

About the Virgin River (formerly Tarku) Property:

The Virgin River (formerly Tarku) property comprises four mineral claims totaling 18,400 ha overlying a large north-south trending area in northern Saskatchewan. The property is located along the Virgin River Fault, a major structure which forms the boundary between the Virgin River and Lloyd Domains. This feature creates a favorable setting for the deposition of significant structurally-related mineral deposits including the Dufferin Lake and Centennial deposits located 10km and 40km north of Tarku, respectively (management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Tarku property).

The area is underlain by mixed metasedimentary units, intermediate volcanics and significant felsic intrusive bodies, all of which have been affected by numerous structural events related to re-activation of the Virgin River Fault. Several well- defined northeast-trending geophysical conductors, verified locally by geological mapping, have been identified by historic airborne surveys. All of these features, in conjunction with significant gold values up to 2.26 g/t and anomalous base metal and uranium values throughout the property illustrate the exploration potential of this property for both gold and uranium deposits.

About Tarku:

Tarku Resources Ltd. is an exploration company focused on discovery in the mineral-rich Canadian landscape. The foundation of the company is based on an experienced management team with a track record of success. The goal of Tarku is to provide success for shareholders through the implementation of strategic property acquisition, the use of proven exploration techniques and the exploitation of fertile ground. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.

This press release was supervised by Bernard-Olivier Martel, P. Geo., Qualified Person pursuant to National Instrument 43-101.

Contact information

Sylvain Laberge
President and CEO
514-702-9841

CRANBROOK, BRITISH COLUMBIA - Aug. 8, 2016 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") announces that it has amended the option agreement (the "Agreement") with Eros Resources Corp. concerning Château Fort Properties, located in the province of Quebec. Under the terms of the amendment, Tarku is not required to make further cash or share payments to Eros.

The initial option agreement with Eros stipulated that Tarku was to make staged cash and share payments totalling $100,000 cash ($15,000 paid to date) and 8,000,000 shares of Tarku (2,000,000 issued to date) over a five-year period that started in 2015. In addition, the terms of the Net Smelter Royalty to Eros have been amended. Eros still maintains a 2% Net Smelter Royalty, however Tarku can now buy 1% for $500.000 on or before the commencement of commercial production instead of $2,000,000 as stated in the original agreement.

The amended agreement provides Tarku with much more flexibility in advancing the property, as it ensures that the Company can deploy the maximum amount of its capital on exploration, as opposed to using it making option payments.

Sylvain Laberge "Is pleased of the outcome of the negotiation with Eros and his management willingness to build a long term relationship, Tarku plans to use the proceeds of the last financing to explore the geophysics target identified in the last survey"

About Chateau Fort:

The Chateau Fort property is along strike and directly adjacent to the past-producing Eastmain Mine, which is the property of Eastmain Resources Inc.

The Chateau Fort property is 18,867 hectares in size and is road accessible. The property includes Au, Ag, Cu, Zn and As anomalies from the prior operator's geochemical surveys (lake bottom, soil and stream sediments). Compilation work has identified nine high-priority gold targets for follow-up. Numerous geophysical targets including a number of high-priority features have been outlined as a result of the recent interpretation of the 2,100 line-kilometre airborne electromagnetic survey conducted in the summer of 2015. The survey was flown by Prospectair Geosurveys (Prospectair) using the ProspecTEM time-domain electromagnetic system with a line-spacing of 100m.

This press release was revised by Bernard-Olivier Martel, P. Geo., Qualified Person pursuant to National Instrument 43- 101.

About Tarku:

Tarku Resources Ltd. is an exploration company focused on discovery in the mineral-rich Canadian landscape. The foundation of the company is based on an experienced management team with a track record of success. The goal of Tarku is to provide success for shareholders through the implementation of strategic property acquisition, the use of proven exploration techniques and the exploitation of fertile ground. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.

The Agreement is subject to the approval of the TSX-Venture Exchange.

Tarku Resources Ltd.

(signed) "Sylvain Laberge"

Sylvain Laberge

President and CEO

Contact information

Sylvain Laberge
President and CEO
514.702.9841

CRANBROOK, BRITISH-COLUMBIA, JULY 19, 2016 Tarku Resources Ltd. (TSX-V: TKU) (the “Company” or “Tarku”) announces that it has completed the second and last tranche of its private placement (the “Offering”) and has raised gross proceeds of $155,000 The second tranche closing consisted of 3,100,000units (the “Units”) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Share at a price of $0.10 exercisable for 24 months. The Shares issued are subject to a statutory hold period in accordance with applicable securities legislation which expires 4 months from closing. The final proceeds for this financing are in the amount of $510,200 for a total of 10,204,000 units.

The net proceeds from the Offering will be used by the Company to fund exploration work on the Company’s properties in Quebec and for general administrative purposes.

About Chateau Fort:

The property is along strike and directly adjacent to the past-producing Eastmain Mine property of Eastmain Resources Inc. (TSX.V: ER), which contains 255,750 ounces of gold and 4.1 million pounds of copper, including measured resources of 91,500 tons grading 0.268 ounces’/ton gold and indicated resources of 786,600 tons grading 0.294 ounces/ton (Campbell Resources, 2004 Annual Report, available on SEDAR at www.sedar.ca ). The Chateau Fort property is 18,867 hectares in size and includes Au, Ag, Cu, Zn and As anomalies from Anthem's geochemical surveys (lake bottom, soil and stream sediments). Compilation work has identified nine high-priority gold targets for follow-up. Numerous geophysical targets including a number of high-priority features have been outlined as a result of the recent interpretation of the 2,100 line-kilometre airborne electromagnetic survey conducted over its road-accessible Chateau Fort project in Quebec. The survey was flown during the summer of 2015 by Prospectair Geosurveys (Prospectair) using the ProspecTEM time-domain electromagnetic system with a line-spacing of 100m.

About Tarku:

Tarku Resources Ltd. is an exploration company focused on discovery in the mineral-rich Canadian landscape. The foundation of the company is based on an experienced management team with a track record of success. The goal of Tarku is to provide success for shareholders through the implementation of strategic property acquisition, the use of proven exploration techniques and the exploitation of fertile ground. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.

Sylvain Laberge

President and CEO
.
www.tarkuresources.com

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

CRANBROOK, BRITISH-COLUMBIA, JUNE 24, 2016: Tarku Resources Ltd. (TSX-V: TKU) (the “Company” or “Tarku”) announces that it has completed the first tranche of its private placement (the “Offering”) and has raised gross proceeds of $355,200 The first tranche closing consisted of 7,104,000 units (the “Units”) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Share at a price of $0.10, exercisable for 24 months. The Shares issued are subject to a statutory hold period in accordance with applicable securities legislation which expires 4 months from closing.

The net proceeds from the Offering will be used by the Company to fund exploration work on the Company’s properties in Quebec and for general administrative purposes.

About Chateau Fort:

The property is along strike and directly adjacent to the past-producing Eastmain Mine property of Eastmain Resources Inc. (TSX.V: ER), which contains 255,750 ounces of gold and 4.1 million pounds of copper, including measured resources of 91,500 tons grading 0.268 ounces’/ton gold and indicated resources of 786,600 tons grading 0.294 ounces/ton (Campbell Resources, 2004 Annual Report, available on SEDAR at www.sedar.ca ). The Chateau Fort property is 18,867 hectares in size and includes Au, Ag, Cu, Zn and As anomalies from Anthem's geochemical surveys (lake bottom, soil and stream sediments). Compilation work has identified nine high-priority gold targets for follow-up. Numerous geophysical targets including a number of high-priority features have been outlined as a result of the recent interpretation of the 2,100 line-kilometre airborne electromagnetic survey conducted over its road-accessible Chateau Fort project in Quebec. The survey was flown during the summer of 2015 by Prospectair Geosurveys (Prospectair) using the ProspecTEM time-domain electromagnetic system with a line-spacing of 100m.

About Tarku:

Tarku Resources Ltd. is an exploration company focused on discovery in the mineral-rich Canadian landscape. The foundation of the company is based on an experienced management team with a track record of success. The goal of Tarku is to provide success for shareholders through the implementation of strategic property acquisition, the use of proven exploration techniques and the exploitation of fertile ground. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.

Sylvain Laberge

President and CEO
.
www.tarkuresources.com

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

Cranbrook, BC, May 27, 2016: Tarku Resources Ltd. (TSX-V: TKU)("Tarku") announces a private placement by way of a non-brokered offering (the "Offering").

Tarku intends to raise up to $750,000 through the issuance of up to 15,000,000 Non-Flow Through Units ("NFT Units") at a price of $0.05 per NFT Unit. Each NFT Unit will consist of one NFT common share and one NFT share purchase warrant. Each NFT Warrant will entitle the holder to purchase one NFT common share at $0.10 for 24 months from the date of issuance.

The Offering is subject to the acceptance of the TSX-Venture Exchange. The Company may pay finder’s fees in cash and/or securities of the Company in respect of the Offering. All securities issued to purchasers and finders under the Offering will be subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the Exchange.

The proceeds of the Offering will be used for the exploration and development of the Company’s

Chateau Fort Property in Quebec, and for general working capital.

About Chateau Fort:

The property is along strike and directly adjacent to the past-producing Eastmain Mine property of Eastmain Resources Inc. (TSX.V: ER), which contains 255,750 ounces of gold and 4.1 million pounds of copper, including measured resources of 91,500 tons grading 0.268 ounces’/ton gold and indicated resources of 786,600 tons grading 0.294 ounces/ton (Campbell Resources, 2004 Annual Report, available on SEDAR at www.sedar.ca ). The Chateau Fort property is 18,867 hectares in size and includes Au, Ag, Cu, Zn and As anomalies from Anthem's geochemical surveys (lake bottom, soil and stream sediments). Compilation work has identified nine high-priority gold targets for follow-up. Numerous geophysical targets including a number of high-priority features have been outlined as a result of the recent interpretation of the 2,100 line-kilometre airborne electromagnetic survey conducted over its road-accessible Chateau Fort project in Quebec. The survey was flown during the summer of 2015 by Prospectair Geosurveys (Prospectair) using the ProspecTEM time-domain electromagnetic system with a line-spacing of 100m.

About Tarku:

Tarku Resources Ltd. is an exploration company focused on discovery in the mineral-rich Canadian landscape. The foundation of the company is based on an experienced management team with a track record of success. The goal of Tarku is to provide success for shareholders through the implementation of strategic property acquisition, the use of proven exploration techniques and the exploitation of fertile ground. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.

Bernie Kennedy,
Director

Sylvain Laberge
President and CEO

www.tarkuresources.com

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