Category: news releases 2019

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MONTREAL, June 06, 2019 - Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to provide an update on its exploration activities on its wholly owned Admiral Project, in the Matagami area, Eeyou Istchee James Bay, Quebec (see figure 1). Despite the fact that the samples did not return any economic gold results, the 5 drill holes demonstrated the presence of numerous elements consistent with the orogenic gold exploration model associated with alkaline rocks and porphyry intrusions (syenite-associated type). Next step will be to prospect other high potential gold targets on the Admiral and Apollo projects along the auriferous corridor that Tarku interprets as the extension of the Sunday Lake regional structure (see April 10, 2019 press release).

The objective of the drilling program was to test and understand the geological context of the eastern portion of the Admiral project along a 1 to 1.5 km wide corridor identified by Tarku’s previous high-resolution geophysical survey and data compilations (see November 29, 2018 press release). The structural corridor that contains the Lac Olga Ouest gold showing (5.9 g/t Au, grab sample, GM 49140) is a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions (Figure 1).

A total of 796 meters was completed in 5 drill holes. Most of the holes intersected brittle-ductile faults zones injected by "syenitic and monzonitic" dykes. Albite-iron carbonate-hematite alterations with tourmaline-quartz-pyrite veinlets were notably observed in drill hole AD-19-03. The results allow the correlation of the anomalous presence of gold traces in association with syenitic dykes with albite-iron carbonate-hematite alteration. The summary of the surveys was presented in the March 26, 2019 press release (available at www.tarkuresources.com and www.sedar.com)

About the Admiral project

The Admiral project is part of  3 projects wholly owned by Tarku in the Matagami area (Admiral, Apollo and Atlas) totaling 224 mining titles centered on regional faults including ductile shear of the Waswanipi River (RWSZ), a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions. Tarku interprets this geological context as being similar to the Sunday Lake regional fault, host of the Detour Lake Mine or the Kirkland Lake Mining Camp.

The Admiral project is located west of Lake Olga and consists of 30 claims (1,667 ha) 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 Goldcorp’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.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director 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 generating sustainable projects for precious, base and strategic metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 76,148,797 outstanding shares, of which approximately 70% 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
+1 (514) 618-7287

www.tarkuresources.com

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.

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MONTREAL, April 10, 2019. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to provide an update and new interpretations of its wholly owned Apollo Project, in the Matagami area, Eeyou Istchee James Bay, Quebec. Specifically, a 271 line-km geophysical High-resolution magnetic survey was completed along the 6 km wide favourable zone along the regional Rivière Waswanipi shear zone (see press release dated January 31, 2019). Along with Tarku’s recent till sampling program and historical data compilation, the Company reaffirms the strong gold mineralization similarities with the geological context found at the Detour Lake Mine and the Kirkland Lake Mining Camp.

Highlights of the 2019 Magnetic Survey:

• Magnetic data shows historical Au values associated with porphyritic and alkaline rocks in historical drill holes are mostly located at the edge of magnetic highs and none of the drill holes directly intersected high magnetic anomalies (see figure 1).
• A correlation between magnetic highs and gold mineralization is interpreted as the nearest Au value to magnetic highs is also the highest Au results on Apollo to date, the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m).
• Several newly discovered large elongated km-wide magnetic highs are interpreted to be syn-deformation alkaline buried dykes swarms or stock intrusions (see zones [1] and [2] on figure 1).
• Major NE-SW cross-cutting faults has been interpreted as offsetting other older structures and rocks within the Rivière Waswanipi shear zone (see zones [3] on figure 1).
• A new interpretation of the survey data has generated many high-priority drill targets focusing on structural intersections, interpreted intrusions and historic untested geophysical anomalies.

Julien Davy, President and CEO of Tarku, stated: "This magnetic survey strengthens our understanding of the source of the gold in the area. All historical drillholes were further to the South of the Rivière Waswanipi Shear Zone as the gold potential related to porphyritic and alkaline rocks similar to the Detour Mine and the location of that regional fault wasn’t understood as it is today. Tarku’s approach today is based on modern and proven models and the Mag survey results give us more confident in our model and opens door for new Gold targets related to intrusions on our Apollo projects”.

Figure 1

High Magnetic Survey

In January 2019, Tarku completed a 271 line-km high-resolution helicopter-borne magnetic survey over the main targeted areas of the Apollo and Atlas projects. Flight lines were surveyed at a 100-metre spacing and was conducted by Prospectair (Gatineau, Quebec) and Dynamic Discovery Geoscience (Ottawa, Ontario) to aid interpretations of the mineralized systems and identify new gold targets within the recently define 6 km wide favourable zone.

As previously described, Tarku’s 2017 till sampling program identified a 6 km wide favourable zone along the regional Rivière Waswanipi shear zone (RWSZ) that may be the source of the gold grains sampled (see press release dated February 28, 2018).

About the Apollo project

The Apollo Project, 100% owned by Tarku, is adjacent to the north of its also 100% owned Atlas Project. It consists of 97 claims (5,056 ha) 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).

Collectively, these 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.

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

Tarku is an exploration company focused on generating sustainable projects for precious, base and strategic metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 76,148,797 outstanding shares, of which approximately 70% are owned by insiders and major shareholders.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director 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.

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

Julien Davy, President & CEO
+1 (514) 618-7287

www.tarkuresources.com

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.

MONTREAL, February 26, 2019. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") an exploration company focused on the discovery and exploration of, precious, base and strategic metal projects in the mineral-rich Canadian landscape, will be presenting at the 2nd Annual RAISE at the PDAC: One-to-One Resource Investment Conference in Toronto, ON.  Tarku will be in Meeting Area #4 meeting investors & brokers for back-to-back meetings; investors & brokers can register online here https://raisepdac.eventbrite.ca

RAISE at the PDAC: One-to-One Resource Investment Conference

Thursday, February 28 | One King West Hotel | Toronto

RAISE at the PDAC is an EXCLUSIVE event for investors & finance individuals who INVEST in resource stocks.  A unique conference format where investors and finance individuals meet one-on-one with companies throughout the day in a series of meetings, social breaks & presentations.  The conference is free for Investors, Investment Advisors, Portfolio Managers and Funds. https://raisepdac.eventbrite.ca

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

Tarku is an exploration company focused on generating sustainable projects for precious, base and strategic metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 74,648,797 outstanding shares, of which approximately 70% are owned by insiders and major shareholders.

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

Tarku Resources Ltd. Contact
Julien Davy, President & CEO
+1 (514) 618-7287

www.tarkuresources.com

RAISE at the PDAC Contact:
Neil Lock, CEO
1-604-380-4888

www.raiseconference.com

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.

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MONTREAL, February 22, 2019. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to announce the commencement of its previously announced drill campaign at its wholly owned Admiral project in the Matagami area, Eeyou Istchee James Bay, Quebec (see press release dated January 31, 2019). A diamond drill is presently mobilized on site and the program is ongoing.

Julien Davy, President and CEO of Tarku, stated: "The start of this first exploration drilling program on Admiral is a milestone for the Company as we believe the targeted regional structure that covers both the Admiral and Apollo projects are prospective undrilled gold targets in the Matagami area. We are really encouraged by the gold potential of that sector”.

The objective of the drilling program is to evaluate select targets along a 1 to 1.5 km wide corridor identified by Tarku’s previous high-resolution geophysical survey and data compilations and that contains the Lac Olga Ouest gold showing located on the Admiral project (5.9 g/t Au, grab sample, GM 49140). The structural corridor is a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions (Figure 1).

About the Admiral project

The Admiral project is located west of Lake Olga and consists of 30 claims (1,667 ha) overlying the convergence of the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones. The LOSZ contains the Lac Olga Ouest gold showing as previously mentioned and Goldcorp’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).

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

Tarku is an exploration company focused on generating sustainable projects for precious, base and strategic metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 74,648,797 outstanding shares, of which approximately 70% are owned by insiders and major shareholders.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director 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.

Figure 1 : Drilling area location. The Admiral project is located at the convergence of the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones (source Sigeom)

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

Julien Davy, President & CEO

+1 (514) 618-7287

www.tarkuresources.com

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.

MONTREAL, February 20, 2019. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") announces that it has signed an option agreement with 5 arm’s length individuals (“Vendors”) to acquire 100% interest in the Lac Fabien vanadium project ("Project") located in Quebec, Canada. The project is ideally located 130 km North West of Quebec City, 3km from the railroad that reaches port installations from the St-Laurence River to the south and Saguenay to the North (see press release from January 15, 2019).

Julien Davy, President and CEO of Tarku, stated: "We are very exited about this new opportunity to diversify Tarku’s portfolio. As project generator, we are engaged in exploring and discovering new resources in Quebec. Preliminary results from the magnetite concentrate returned values from 1.37 to 1.67% V₂O₅ in the central zone and the project is perfectly located to export potential ore to Canadian, American or worldwide markets. Compared to where the Vanadium is actually produced in the world, Quebec is the perfect stable jurisdiction to develop a Strategic Metal project in an environmentally-responsible and socially-acceptable manner”.

About Vanadium

Vanadium is a strategic mineral used as a strengthening alloy for steel and titanium as well as a chemical catalyst. Its recent price surge mainly resulting from the inability of global production to meet the significant increase in Vanadium demand in the construction sector. Vanadium prices are also rising thanks to the increasing use and development in Vanadium redox flow batteries (VRFB) for long duration energy storage point that are quickly becoming the energy storage solution for peak-shaving, load-leveling, microgrids, wind and solar, off-grid power supplies, and uninterruptible power supplies.

There is actually no primary vanadium commercial production in North America as China, Russia and South Africa produce annually about 77% of global production. Secondary vanadium production exists but is processed from waste materials as petroleum residues, spent catalysts, utility ash, and vanadium-bearing pig iron slag. Tarku sees an opportunity to develop high quality and clean vanadium projects in a safe jurisdiction as Quebec Province.

Lac Fabien Vanadium Project

The project which is accessible by road, encompasses 37 mining titles and is located 130 km North West of Quebec City and at only 3km from the Lac St-Jean freight and passenger railroad. The Lac Fabien project initially highlighted its potential for magmatic Fe-Ti-V-P mineralization in 2001 (0.58% V₂O₅, 59.31% Fe₂O₃; GM 60997). The vanadium-rich magnetite sub vertical beds are hosted in layered mafic-ultramafic intrusions associated with anorthosite.

Recent exploration work returned over 25 grab samples containing > 0.25% V₂O₅ distributed in a 1.2 km by 300 m area. Results include 0.48% V₂O₅ on a grab sample and 11 m @ 0.22% V₂O₅ in channel samples. Preliminary results from Davis tube tests showed very good recovery of magnetite concentrate that returned values from 1.37 to 1.67% V₂O₅ and 55 to 65% Fe.

A recent magnetic survey completed by the Quebec government in 2015 demonstrates that the magnetic anomaly associated with the vanadium mineralization extends over 6 km in length. The mineralized area is characterized by thin to no overburden suggesting a potential good stripping ratio in the anticipation of an open-pit mining scenario, should economic viability warrant.

Tarku is planning to conduct exploration work during summer 2019, including extensive rock sampling, channel sampling and stripping aiming to validate the thickness and continuity of the mineralized vanadium zones as well as the grade distribution. Work will also include preliminary metallurgical testing to demonstrate the recovery quality of the vanadium at the Lac Fabien project.

Terms of the agreement

Tarku can earn 100% interest in the Lac Fabien project, by granting the optionor a total of $1,8M as follows:

• An initial cash payment of $25,000 and 1,500,000 shares;
• $35,000 cash and $55,000 in cash or shares at the option of the Company on or before 1st anniversary (Optional);
• $45,000 cash and $80,000 in cash or shares at the option of the Company on or before 2nd anniversary (Optional);
• $55,000 cash and $125,000 in cash or shares at the option of the Company on or before 3rd anniversary (Optional);
• $100,000 cash and $200,000 in cash or shares at the option of the Company on or before 4th anniversary (Optional);

• $100,000 in exploration expenditures in the first year of the Agreement (firm commitment)
• $250,000 in exploration expenditures in Year 2 (Optional);
• $350,000 in exploration expenditures in Year 3 (Optional);
• $400,000 in exploration expenditures in Year 4 (Optional);

If completed, the project will be subject to a 2% net smelter royalty (NSR) on which Tarku has the option to purchase 1% for $1,500,000 at any time. Throughout the Option Period, Tarku will have the option to defer the exploration expenditures up to 2 times for one additional year with a penalty of $ 10,000 in cash payment and a maximum of $25,000 in additional cash or shares of the Company, at the option of the Company.

The Option Agreement and the issuance of shares are subject to the approval of the TSX Venture Exchange. Any shares issued pursuant to the agreement will be subject to a 4 month hold period from the date of issuance.

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

Tarku is an exploration company focused on generating sustainable projects by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 74,648,797 outstanding shares, of which approximately 70% are owned by insiders and major shareholders.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

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

Julien Davy, President & CEO
+1 (514) 618-7287

www.tarkuresources.com

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.

MONTREAL, Jan. 31, 2019 - Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") announces the scheduling of a 1,200 m drill program to commence during February 2019 on its wholly owned Admiral project in the Matagami area, Eeyou Istchee James Bay, Quebec. The program targets structures and major folds in a 1 to 1.5 km wide corridor identified by Tarku’s previous high-resolution geophysical activities and data compilations and that contains the Lac Olga Ouest gold showing located on the Admiral project (5.9 g/t Au, grab sample, GM 49140).

The Company is also pleased to announce the recent completion of a 271 line-km high-resolution helicopter-borne magnetic survey over the main targeted area, previously identified through a till sampling program, on the Apollo and Atlas adjacent projects. Tarku believes the area has been under explored for gold.

Tarku owns 3 projects in the Matagami area (Admiral, Apollo and Atlas) totaling 224 mining titles centered on regional faults including ductile shear of the Waswanipi River (RWSZ), a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions. Tarku interprets this geological context as being similar to the Sunday Lake regional fault, host of the Detour Lake Mine or the Kirkland Lake Mining Camp. 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.

Drill program targeting new gold priority zones on the Admiral project

The Admiral project is located west of Lake Olga and consists of 30 claims (1,667 ha) overlying the convergence of the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones. The LOSZ contains the Lac Olga Ouest gold showing located on the Admiral project (5.9 g/t Au, grab sample, GM 49140) and Goldcorp’s high-grade deposit Indice Principal zone Olgalocated 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 drill program follows a high-resolution helicopter-borne magnetic survey (see press released dated November 29, 2018) and recent data compilation, covering the entire Admiral Project, which has aided interpretations of the mineralized systems and, more importantly, identified new gold targets. The interpreted data identifies high priority drilling targets defined by the intersection of structures, the axial planes of folds, historical electromagnetic Input anomalies and by a non-magnetic signal or low magnetic features which may represent silica-tourmaline alteration zones as observed at the Indice Principal zone Olga deposit.

High-resolution MAG survey on Apollo and Atlas projects

In January 2019, Tarku completed a 271 line-km high-resolution helicopter-borne magnetic survey over the main targeted area of Apollo and Atlas projects. Flight lines were surveyed at a 100-metre spacing and was conducted by Prospectair (Gatineau, Quebec) and Dynamic Discovery Geoscience (Ottawa, Ontario) to aid interpretations of the mineralized systems and identify new gold targets within the recently define favourable zone.

Following its 2017 till sampling program, Tarku identifies a 6 km wide favourable zone along the regional Rivière Waswanipi shear zone (RWSZ) that may be the source of the gold grains sampled (see press release dated February 28, 2018). Three targets within that 6 km stretch, (Apollo XI, Apollo XII and Apollo XV) were considered priorities for the upcoming work phases as they were corresponding to magnetic highs associated with carbonate-hematite-magnetite alteration along or near the regional gold-bearing RWSZ. This corridor contains the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m; GM 51193) hosted in a porphyritic dyke and tuffs 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).

After receipt of the final data, Tarku’s management will be able to identify and prioritize additional drilling targets along the regional RWSZ and will evaluate the possibility of completing a drilling campaign to test new gold targets during 2019.

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

Tarku is an exploration company focused on generating sustainable projects for precious, base and strategic metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 74,648,797 outstanding shares, of which approximately 70% are owned by insiders and major shareholders.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director 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.

For more information, please visit the Company’s web site: www.tarkuresources.com

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.

Julien Davy, President & CEO
+1 (514) 618-7287

www.tarkuresources.com

MONTREAL, January 15, 2019. Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to announce that it has signed a non-binding letter of intent ("LOI") with prospectors with respect to an option to acquire a 100% interest in the vanadium Lac Fabien project ("Project") in Quebec, Canada.

The LOI outlines what would be mutually acceptable principal terms for a definitive option agreement that will have to be signed before February 28, 2019 and under which, subject to certain conditions, Tarku would issue mainly shares and incur exploration expenditures towards an option to purchase a 100% interest in the Project over 4 years. Tarku currently explores its options in order to better secure the financing of the project.

Julien Davy, President and CEO of Tarku, stated: "As project generator, we are engaged in exploring and discovering new resources in Quebec. By acquiring this new project, Tarku diversify and strengthen its portfolio with the intention of realizing value for all stakeholders. Our 2019 summer exploration work will tell us, but currently the size and the continuity of the mineralization looks already impressive. It’s an easy to access location and actual known results from grab samples distributed over kilometers suggest potential for a strong viable undiscovered vanadium deposit”.

Lac Fabien Vanadium Project

The project which is accessible by road, encompasses 35 mining titles and is located 130 km North West of Quebec City and at only 3km from the Lac St-Jean freight and passengers’ railroad. The Lac Fabien project initially highlighted its potential for magmatic Fe-Ti-V-P mineralization in 2001 (0.58% V₂O₅, 59.31% Fe₂O₃; GM 60997). The vanadium-rich magnetite sub vertical beds are hosted in layered mafic-ultramafic intrusions associated with anorthosite.

Recent exploration work returned over 25 grab samples containing > 0.25% V₂O₅ distributed in a 1.2 km by 300 m area. Results include 0.48% V₂O₅ on a grab sample and 11 m @ 0.22% V₂O₅ in channel samples. Preliminary results from Davis tube tests showed very good recovery of magnetite concentrate that returned values from 1.37 to 1.67% V₂O₅ and 55 to 65% Fe.

Recent magnetic survey completed by the Quebec government in 2015 demonstrate that the magnetic anomaly associated with the vanadium mineralization extends over 6 km in length. The mineralized area is characterized by thin to no overburden suggesting a potential good stripping ratio in the anticipation of an open-pit exploitation.

Tarku is planning to conduct exploration work during summer 2019, including extensive rock sampling, channel sampling and stripping aiming to validate the thickness and continuity of the mineralized vanadium zones as well as the grade distribution. Work will also include preliminary metallurgical testing to demonstrate the recovery quality of the vanadium at the Lac Fabien project.

The Vanadium

Vanadium is a strategic mineral used as a strengthening alloy for steel and titanium as well as a chemical catalyst. After a series of deadly building collapses, the Standardization Administration for the People’s Republic of China, recently announced a new rebar standard – requiring the use of vanadium (“Rebar” is used to give internal structure to poured concrete).

Vanadium prices are surging because there is also increasing use and development in Vanadium redox flow batteries (VRFB) for long duration energy storage point that are quickly becoming the energy storage solution for peak-shaving, load leveling, microgrids, wind and solar, off-grid power supplies, and uninterruptible power supplies. The rally in vanadium prices is accelerating with V₂O₅ flake recently leaping to $27.50/pound in China, from $5 per pound 2 years ago.

There is actualy no primary vanadium production in North America as China, Russia and South Africa produce annually about 77% of total production. Secondary vanadium production exists but is processed from waste materials as petroleum residues, spent catalysts, utility ash, and vanadium-bearing pig iron slag. Tarku sees an opportunity to develop high quality and clean vanadium projects in a safe jurisdiction as Quebec Province.

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

Tarku is an exploration company focused on generating sustainable projects by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for mining development for prospective partners or buyers. Tarku has 74,648,797 outstanding shares, of which approximately 70% are owned by insiders and major shareholders.

Benoit Lafrance, P.Geo., PhD, Exploration Manager and Director of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the preparation of the technical information in this news release.

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

Julien Davy, President & CEO
+1 (514) 618-7287

www.tarkuresources.com

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.