Tarku and SOQUEM Commence Drilling High Grade Gold Showings on the Guercheville Project, Quebec

SASKATOON, February 6, 2018. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce the start of a 12 hole drill program totalling 2,555 meters on the Guercheville project, located adjacent to the Fenton deposit. The purpose is to follow up on the gold and polymetallic surface showings and to test specific areas of chargeability anomalies and magnetic highs that have been identified by SOQUEM over the past few years. The project is located roughly 50 kilometres southwest of the town of Chapais in the Eeyou Istchee– James Bay territory, Québec.

Julien Davy, President of Tarku, commented: “Recent drilling results published by Cartier Resources on the adjacent Fenton project (25 m @ 2.1 g/t Au; see press release from Cartier Resources published on January 31, 2018) are very encouraging and management thinks that mineralization associated with geophysical anomalies extend to the Guercheville project. This highlights the strong potential for discovery”. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Guercheville project.

Several gold and polymetallic showings have been identified in different parts of the Guercheville Project in the form of sulphide-bearing quartz veins or veinlets and disseminated sulphides, similar to the Fenton deposit (Figure 1). Their spatial distribution suggests the presence of multiple prospective horizons, indicating a robust mineralizing system. The drilling program aims to follow up some of these showings at depth and laterally including:

  • Clikendish showing: 124 g/t Au (grab sample) and 20.7 g/t Au over 0.5 m (channel sample);
  • Lac Fenton West showing: 19.17 g/t Au (grab sample);
  • 42 g/t Au, 2.45% Zn (grab sample);
  • 2 g/t Au, 20.8% Zn (grab sample);
  • 9 g/t Au, 0.4% Cu (grab sample).

The property is wholly-owned by SOQUEM and Tarku has an option to acquire a 50% interest in the project (see TKU news release January 18th, 2018). Under the terms of the agreement, SOQUEM will be the operator of the work program during the first year and Tarku will have the opportunity to become operator starting the second year.

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.

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

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. 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. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

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:

Sylvain Laberge, CEO
+1 (514) 702-9841

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

 

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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Tarku announces election results for the Annual General Meeting and the approval for the acquisition of claims adjacent to the Apollo and Admiral projects

SASKATOON, SASKATCHEWAN - Jan. 19, 2018 - Tarku Resources Ltd (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce the following people were re-elected as directors of Tarku: Sylvain Laberge, Julien Davy, Benoit Lafrance, Tim Termuende, Barry Chappell, Jeff Sheppard.

The proposal to maintain the stock option plan as described in the Information Circular was approved by the shareholders at the meeting. This proposal allows the maximum number of shares that may be issued under the Plan to be 10% of the number of shares issued and outstanding from time to time (on an undiluted basis).

The nomination proposal of Davidson & Company LLP. as independent auditor of the Corporation, as described in the Information Circular, has been approved by the Shareholders at the Meeting.

Following the annual meeting, the Board of Directors appointed the following persons as officers of the Corporation: Sylvain Laberge, Chief Executive Officer, Julien Davy, Geo, President, Benoit Lafrance, Geo, Exploration Manager, Jeff Sheppard Chief Financial Officer and Corporate Secretary.

Tarku also announces the final approval received from the regulatory authorities for the acquisition of the 2 claims adjacent to the Apollo and Atlas projects as announced in the December 14, 2017 press release.

Tarku wishes to clarify the English press release of January 18, 2018 regarding the payment of the works for option and joint venture with SOQUEM inc. on the Guercheville project. The sentence should have read as follows: "Tarku has the option to acquire a 50% interest in the Guercheville Project by incurring $2,000,000 in exploration work over a period of three (3) years according to the following schedule: (i) an amount of $350,000 by the first anniversary of the Effective Date; (ii) an additional amount of $650,000 by the second anniversary of the Effective Date; and (iii) an additional amount of $1,000,000 by the third anniversary of the Effective Date. Upon acquisition of the 50% interest, SOQUEM and Tarku will form a joint venture."

For more information please visit the Company's web site.

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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Tarku signs an option agreement with SOQUEM on the Guercheville Project

SASKATOON, SASKATCHAWAN - Tarku Resources Ltd (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce the signing of an option and joint venture agreement with SOQUEM Inc. (SOQUEM) to acquire 50% of the Guercheville Project. The project is located roughly 50 kilometres southwest of the town of Chapais in the Eeyou Istchee- James Bay territory, and is easily accessed by a network of forestry roads. The Guercheville Project comprises 80 claims totalling 4,385.64 hectares and has the potential to host gold and polymetallic mineralization similar to that found in the Fenton deposit adjacent to the Project.

According to the terms of the option agreement signed on January 15, 2018 (the "Effective Date"), Tarku has the option to acquire a 50% interest in the Guercheville Project by incurring $2,000,000 in exploration work over a period of three (3) years and by making payments according to the following schedule: (i) an amount of $350,000 by the first anniversary of the Effective Date; (ii) an additional amount of $650,000 by the second anniversary of the Effective Date; and (iii) an additional amount of $1,000,000 by the third anniversary of the Effective Date. Upon acquisition of the 50% interest, SOQUEM and Tarku will form a joint venture.

Julien Davey, President of Tarku, commented: "The Guercheville Project strategically strengthens Tarku's position in the northern Abitibi region, the Company's main area of focus. Reaching the agreement with a well-respected partner will diversify Tarku's portfolio by including a drill-ready project with strong discovery potential. The agreement also allows Tarku to immediately participate in SOQUEM's 12-hole (2,555 m) drilling program scheduled to start in late January. The aim is to follow up on the main discovery showings at surface and to test some of the areas of chargeability anomalies and magnetic highs that have been identified over the past few years."

SOQUEM, a subsidiary of Ressources Québec and a major player in mineral exploration in Québec, will be the operator of the work program during the first year and Tarku will have the opportunity to become operator starting the second year.

Guercheville Project

The Guercheville Project comprises 80 claims (4,385.64 ha) held 100% by SOQUEM and is located approximately 50 kilometres southwest of the town of Chapais, accessible year-round by forestry roads. The Project is adjacent to the Fenton gold deposit (historical resources* of 426,173 metric tons grading 4.66 g/t Au; assessment report GM 58665), which is also held by SOQUEM, under option to Cartier Resources. The gold concentrations in the Fenton deposit are associated with pyrite, pyrrhotite and chalcopyrite, and with silica, sericite, chlorite and carbonate alteration in sheared pillow basalts of the Obatogamau Formation. The mineralization is also associated with areas of chargeability anomalies and magnetic highs. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Guercheville project.

Several gold and polymetallic showings have been identified in different parts of the Guercheville Project in the form of sulphide-bearing quartz veins or veinlets and disseminated sulphides, similar to the Fenton deposit. Their spatial distribution suggests the presence of multiple prospective horizons, indicating a robust mineralizing system. Intervals from the main showings include the following:

  • Doigt showing: 90 g/t Au, 212 g/t Ag and 1.8% Zn (grab sample) and 21.7 g/t Au, 64.5 g/t Ag and 0.4% Zn over 1 m (channel sample);
  • Clikendish showing: 124 g/t Au (grab sample) and 20.7 g/t Au over 0.5 m (channel sample);
  • Lac Fenton West showing: 19.17 g/t Au (grab sample);
  • Drill hole 1391-16-12: 4.8 g/t Au over 7.8 m including 17 g/t Au over 2 m;
  • Drill hole 1391-17-20: 356 g/t Au and 0.9% Cu over 0.6 m.

* Estimate performed in 2000 by Mr. Denis Chénard, Eng. of Datac Géo-Conseil Enrg. on behalf of Boréal Exploration using 73 holes drilled on the three main zones of the Fenton gold deposit. The estimation used a lower cut-off grade of 2.0 g/t Au and a minimum true thickness of 1.0 m. The qualified person has not done sufficient work to classify the resources covered by the estimate as compliant under National Instrument 43-101. The issuer does not consider the resources covered by the estimate as current mineral resources.

About Tarku Resources Ltd. (TSX VENTURE:TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. 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. The Company has an experienced management team with a successful track record. The goal of Tarku is to provide value for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that there is no assurance that past results or discoveries on adjacent or nearby land packages are indicative that the Company will achieve similar results on its projects.

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.

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.

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.

CONTACT INFORMATION

 

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Tarku Acquires Mineral Titles Adjacent to its Apollo and Admiral Projects, Quebec

SASKATOON, SASKATCHEWAN – Dec. 14, 2017 – Tarku Resources Ltd (TSX VENTURE:TKU) (the “Company” or “Tarku”) is pleased to announce it has signed an agreement to purchase two (2) claims adjacent to the Company’s wholly owned projects, Apollo and Admiral projects. In exchange for the two claims, the Company will pay $1,200 cash and issue 25,000 common shares to Eric Raymond (an arms-length vendor), in return for a 100% interest in the 2 claims. The transaction has not closed and is subject to exchange approval.

The claim adjacent Tarkus’s Apollo project hosts the Rivière Waswanipi showing (2.36 g/t Au over 1.0m, drill hole DDH-428-6, GM 51193, 1992) and the second claim (adjacent to the Admiral project) includes the Lac Olga Ouest gold showing (5.9 g/t Au, grab sample, GM 49140, 1989). This acquisition reinforces the Company’s land position in the target area, from which samples of till and humus collected in an earlier program are currently being analyzed (see TKU press release December 5, 2017).

About Tarku Resources Ltd (TSX VENTURE:TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious- and base-metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all of its projects. Project generation is the foundation of mining development, and Tarku’s vision is to generate exploration projects with excellent potential for partners or buyers to build into mining properties. The Company is founded on an experienced management team with a successful track-record. The goal of Tarku is to provide success for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that past results or discoveries on adjacent or nearby land packages are not necessarily indicative of the results that may be achieved on the Company’s properties.

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.

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.

Contact Information

Tarku Resources Ltd.
Sylvain Laberge
CEO
+1 (514) 702-9841

Tarku Resources Ltd.
Julien Davy
President
+1 (514) 618-7287

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Confirmation of gold potential at Chateau Fort and update on the Apollo and Atlas projects

SASKATOON, SASKATCHEWAN - Dec. 5, 2017 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce that the gold and base metal discovery potential of its Château Fort Project has been confirmed through mapping work by geologists with the Quebec Ministry of Energy and Natural Resources (MENR). Results demonstrate that the volcanic pile hosting the former Eastmain mine continues eastward onto Tarku's wholly-owned Château Fort Project.

Tarku also announces that a till, humus and rock sampling work on its Apollo and Atlas projects in the Matagami area is now complete and the samples are being analyzed. As previously announced, the aim of this survey was to identify priority areas along the Rivière Waswanipi Shear Zone, which is associated with alkaline rocks, polygenic conglomerates and gold-bearing porphyry intrusions (see the press release of November 2, 2017). The Apollo and Atlas projects are also wholly owned by Tarku.

Potential of the Château Fort Project

The geological survey completed over the course of the summer by the MENR team (Bulletin Géologique: Géologie de la region de l'île Bohier, Beauchamp and Massei, 2017) led to a re-interpretation of the stratigraphy and structural elements of the Upper Eastmain Greenstone Belt (UEGB). The results outlined a favourable zone for mineralization similar to that of the former Eastmain mine (historical production of 118,356 tonnes @ 10.6 g/t Au; Ressources MSV, GM 56083, 1997). This favourable zone (the "Eastmain Mine Zone") covers an area measuring 5 km by 2 km on the Château Fort Project. The work also defined a favourable zone for gold-rich volcanogenic massive sulphide mineralization (the "Monts Otish Exhalite Zone"), which contains pyritic chert and is located 2.7 km east of the Colline du Château Fort showing (3.3 g/t Au; grab sample, MENR, MB 88-16, 1988). Furthermore, a new grab sample collected at the Colline du Château Fort showing by the MENR team yielded a grade of 1.78% Zn, thereby highlighting the polymetallic nature of the area. Tarku cautions that the mineralization at the former Eastmain mine may not be indicative of the mineralization that may be identified on the Château Fort Project.

Exploration work on the Apollo and Atlas projects

Till, humus and rock sampling on the Apollo (Au) and Atlas (Au-Ag-Cu-Zn) projects in the Matagami area was completed in early November. A total of 80 till and humus samples were collected across the project to identify priority areas along the Rivière Waswanipi Shear Zone as well as the most promising structures and contacts over a distance of more than 19 kilometres in a geological setting interpreted by Tarku as similar to the Sunday Lake Deformation Zone, host to the Detour Lake mine. Tarku cautions that the mineralization at the Detour Lake mine may not be indicative of the mineralization that may be identified on the Company's Matagami properties, and is used a conceptual exploration model only.

Historical exploration yielded till samples with gold grains and several grades above 0.5 g/t Au in heavy mineral concentrates, including a value of 4.94 g/t Au (GM 46892; GM 48222). Tarku's samples are currently being analyzed.

About Tarku Resources Ltd (TSX VENTURE:TKU)

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all of its projects. Project generation is the foundation of mining development, and Tarku's vision is to generate exploration projects with excellent potential for partners or buyers to build into mining properties. The Company is founded on an experienced management team with a successful track record. The goal of Tarku is to provide success for its shareholders through the implementation of strategic property acquisition, innovative exploration techniques and exploration of fertile ground. Management cautions that past results or discoveries on adjacent or nearby land packages are not necessarily indicative of the results that may be achieved on the Company's properties.

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.

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.

Contact information

Sylvain Laberge
CEO
+1 (514) 702-9841

Julien Davy
President
+1 (514) 618-7287

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Tarku starts its exploration program on the Apollo and Atlas projects in the Matagami area

SASKATOON, SASKATCHEWAN - Nov. 2, 2017 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce the start of exploration work on its wholly owned Apollo and Atlas gold and base metals projects and situated 50 kilometres east of Matagami in the Eeyou Istchee James Bay territory. The contiguous projects are covering 104 km2 along a regional gold structure named the Rivière Waswanipi Shear Zone (RWSZ), a geological setting which Tarku interprets as similar to the Sunday Lake Deformation Zone hosting the Detour Lake mine. The planned work program includes a till, humus and rock samples program which aims to validate the historical results including a value of 4.94 g/t in the heavy mineral fractions in order to identify priority areas along the RWSZ as well as other promising structures and contacts over a distance of 19 kilometres.

Exploration work

The exploration work on the Apollo (Au) and Atlas projects (Au-Ag-Cu-Zn) includes a ground and helicopter-assisted till, humus and rock sampling program. In 1987, during an exploration work, Finnith Exploration found that more than 60% of their till samples contained gold grains (from 1 to 19 gold grains; GM 46862). In 1988, Inco's till sampling program yielded several gold values exceeding 0.5 g/t Au in the heavy mineral fractions, including a maximum value of 4.94 g/t Au (GM 48222). All these historical results are down-ice from the Rivière Waswanipi shear zone that hosts the Rivière Waswanipi showing (2.36 g/t Au over 1 m; 1991, GM 51193).

Between 2004 and 2006, mapping programs revealed that the RWSZ is associated with alkaline lavas, polygenic conglomerates (Timiskaming type) and porphyry intrusions (Goutier et al., 2004 and 2006), a geological setting that Tarku interprets as similar to that of the Sunday Lake Deformation Zone, host of the Detour Lake mine. Tarku cautions that the mineralization at the Detour Lake mine may not be indicative of the mineralization that may be identified on the Company's Matagami properties, and is used a conceptual exploration model only.

Tarku's planned work program aims to validate the historical results and cover all 193 claims in order to identify priority areas along the RWSZ as well as other promising structures and contacts over a distance of 19 kilometres on the two Tarku projects.

Apollo and Atlas Projects

Using an innovative approach based on exploration models that differ from the traditional approach for this area, Tarku has gained a large land position for gold potential in the Matagami base metal camp, along the northern margin of the geological Abitibi Subprovince.

The Apollo Project, 100% owned by Tarku, lies north of the Atlas Project. It consists of 104 claims (5,495 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; 1991; GM 51193) hosted in a porphyritic dyke and tuffs altered to pyrite-fuchsite. Collectively, these metallotects present a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions.

The Atlas Project, 100% owned by Tarku, lies south of the Apollo Project. It consists of 89 claims (4,870 ha) characterized by the presence of a volcanic sequence with facies and geochemical affinities similar to those of the Bousquet Formation in the southern Abitibi (host to the Au-Zn-Cu-Ag LaRonde mine). This volcanic sequence that is in contact with sedimentary rocks is affected by aluminous sericite-chloritoid alteration. These observations are favourable indicators for the presence of gold-rich volcanogenic massive sulphide mineralization (Au-Ag-Cu-Zn). Tarku cautions that the mineralization at the LaRonde Mine mine may not be indicative of the mineralization that may be identified on the Company's Matagami properties, and is used a conceptual exploration model only.

Exploration update in the Chibougamau area

Exploration work was completed in September 2017 on the Richardson and Bullion projects in the Chibougamau area. Two stripping programs were carried out to follow up on prospecting work and PhySpy ground geophysical surveys conducted in 2016 and summer 2017. The aim of the stripping work on the Richardson Project was to sample the pyritic contact between a gabbro and the felsic volcano sedimentary units hosting the gold showing discovered by Eureka Exploration in 2017 (1.7 g/t Au in a grab sample). The aim of the stripping work on the Bullion Project was to expose the gold mineralization encountered in a historical drill hole (2 g/t Au over 2 m; drill hole T-1, 1984; MB87-10). Although this work generated significant geological information that will be useful in upcoming work on the Richardson and Bullion projects, the analytical results did not return any economic values.

About Tarku Resources Ltd

Tarku Resources Ltd is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds 100% of the interests in all its projects. Project generation is the foundation of mining development and the vision of Tarku is to generate exploration projects with excellent potential for partners or buyers to build into mining properties. 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 its shareholders through the implementation of strategic property acquisition, the use of innovative exploration techniques and the exploration 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.

Benoit Lafrance P.Geo, PhD, exploration manager and director of Tarku, is the qualified person under the guidelines of National Instrument 43-101, respecting 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.

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.

Contact information

Sylvain Laberge
CEO
+1 (514) 702-9841

Julien Davy
President
+1 (514) 618-7287

www.tarkuresources.com

 

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Tarku Resources Welcomes you on its New Website

SASKATOON, SASKATCHEWAN - Oct. 12, 2017 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce the launch of its new corporate website at www.tarkuresources.com, and the availability of its updated corporate presentation.

The new website features up-to-date information on Tarku's projects as well as quick and easy access to in-depth information regarding its management and board of directors, news releases and corporate presentations as well as other relevant corporate information. The new corporate presentation, found on Tarku's website, outlines the Company's focus and strategy for its gold and base metals exploration projects within the Quebec and Saskachewan provinces.

About Tarku Resources Ltd.

Tarku Resources Ltd. is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds 100% of the interests in all its projects. Project generation is the foundation of mining development and the vision of Tarku is to generate exploration projects with excellent potential for partners or buyers to build into mining properties. 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 its shareholders through the implementation of strategic property acquisition, the use of innovative exploration techniques and the exploration 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 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 news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecasted or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

Contact information

Sylvain Laberge
CEO
+1 (514) 702-9841

Julien Davy
President
+1 (514) 618-7287

 

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Tarku announces management restructuring

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

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Tarku Resources closes a private placement and starts its exploration program

SASKATOON, SASKATCHEWAN- Sept. 11, 2017 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") announces that it closed on September 11, 2017 the second tranche of a non-brokered private placement (the "Private Placement") for gross proceeds of $138,040, comprised of 2,084,000 non-flow through units of the Company at a price of $0.06 per unit ($125,040) and 162,500 Flow-Through Shares of the Company at a price of $0.08 per share ($13,000). Each non-flow through unit (a "Unit") consists of one common share in the capital of the Company and one-half of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share at a price of $0.10 per common share for a period of thirty-six (36) months ending September 11, 2020. In aggregate of both tranches of the financing the raised gross proceeds of $625,034.94. The second tranche of the Private Placement aggregates. In the second tranche, insiders subscribed for 200,000 non-flow through units. The securities issued under this Private Placement are subject to a statutory four (4) month hold period ending January 12, 2017.

The net proceeds of the Private Placement will be used to fund the Company's precious metals exploration projects (Chateau Fort, Richardson, Bullion, Atlas Apollo, Berthiaume and Admiral) and for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange. No finder's fee has been paid for this tranche of the Private Placement.

Exploration work

Following the closing of the first tranche of the released July 26 Private Placement, Tarku has started exploration work on his 100% owned Richardson and Bullion projects in Chibougamau area. Completed works included geological survey and prospecting with a Beep Mat device as well as a ground geophysical survey.

The prospection work and geological survey on the Richardson project outline the extension of the felsic tuff horizon which host the gold showing discovered by Eureka in 2016 (1.7 g/t Au; grab sample) over 1.4 km.

Magnetic and electromagnetic surveys were also completed at the end of August and covered 8.4 km on the Richardson project and 9.1 km on the Bullion project. The electromagnetic survey enables the identification of strong conductors on the Bullion project over a distance of 1 kilometer along the horizon that contains the historic gold value intercepted by drilling in 1984 (2 g/t Au over 2 m; drill hole T-1). A second area with strong conductors has also been identified 1.2 km east of the gold intercept. Isolated anomalies are also present on the Richardson project.

Ground follow-up of these geophysical conductors are planned over the next weeks by conducting prospection and stripping works. A first stripping zone will be centered on the Eureka gold showing on the Richardson project. A second stripping will target the surface expression of the drilled intersected gold value along the identified strong geophysical conductor of the Bullion project. Both projects show a potential to contain Au-Ag-Cu-Zn mineralization associated with disseminated or massive sulphides.

Tarku also planned to complete a till survey and prospection work on their Apollo (Au) and Atlas (Au-Ag-Cu-Zn) projects located in Matagami area.

About Tarku Resources Ltd.

Information about Tarku's projects are detailed on its web site, www.tarkuresources.com, but also on Eureka's web site, www.eurekaexploration.com. The Company works to combine both web site.

Tarku Resources Ltd. is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds 100% of the interests in all its projects. Project generation is the foundation of mining development and the vision of Tarku is to generate exploration projects with excellent potential for partners or buyers to build into mining properties. 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 its shareholders through the implementation of strategic property acquisition, the use of innovative exploration techniques and the exploration 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.

Regulation 43-101 disclosure

Benoit Lafrance P.Geo, Ph.D., exploration manager and director of Tarku, is the qualified person under the guidelines of National Instrument 43-101, respecting standards of disclosure for mineral projects, who prepared, supervised and approved the preparation of the technical information in this news release.

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 news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecasted or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

Contact information

Sylvain Laberge
CEO
+1 (514) 702-9841

Julien Davy
President
+1 (514) 618-7287

 

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Tarku Resources closes $ 486,998 private placement financing

SASKATOON, SASKATCHEWAN- July 26, 2017 - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") announces that it closed on July 26, 2017 the first tranche of a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $486,997.94. The Private Placement was comprised of 6,533,299 non-flow through units of the Company at a price of $0.06 per unit ($391,997.94) and 1,187,500 Flow-Through Shares of the Company at a price of $0.08 per share ($95,000). Each non-flow through unit (a "Unit") consists of one common share in the capital of the Company and one-half of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share at a price of $0.10 per common share for a period of thirty six (36) months ending July 26, 2020. The securities issued under this Private Placement are subject to a statutory four (4) month hold period ending November 27, 2017. Tarku expects to hold additional closings of the Private Placement until September 11, 2017, subject to an aggregate maximum of $1.3 million.

The Société de Développement de la Baie-James ("SDBJ"), the Capital croissance PME II, s.e.c. ("CCPME II") and the Société d'investissement dans la diversification de l'exploration, s.e.c. ("SIDEX"), participated in the Private Placement. SDBJ, created in 1971 with the mission to promote the James Bay territory's economic development and the development and use of its natural resources subscribed for 2,083,333 units for gross proceeds of $125,000. CCPME II, managed by Desjardins Business Capital regional, is an investment fund with the primary mission of providing patient capital to Québec SMEs to carry out a variety of expansion projects, subscribed for 1,700,000 units for gross proceeds of $102,000. SIDEX, established in 2001 by the Government of Québec and the Fonds de solidarité des travailleurs du Québec (F.T.Q.) with the mission to invest in mineral exploration companies working in Québec to diversify Québec's mineral base, subscribed for 1,666,667 units for gross proceeds of $100,000 under its "Field Action 2017" program.

Julien Davy, President of Tarku, declared that: "Tarku is very happy to have the SDBJ, CCPME and SIDEX as important shareholders of the Company. Their notoriety in the Quebec mining industry and their competence is unquestioned and we are very proud to partner with them in our development. Tarku is also happy to have the Cree as shareholder supporting our projects in the Eeyou Istchee Territory".

The net proceeds of the Private Placement will be used to fund the Company's precious metals exploration projects (Chateau Fort, Richardson, Bullion, Atlas Apollo, Berthiaume and Admiral) and for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange.

No finder's fee has been paid for this first tranche of the Private Placement. The Company may however for future closings pay to certain finders a finder's fee of up to 7% in cash and up to 7% in warrants, each warrant entitles the holder to acquire one common share at a price of $0.10 per common share for a period of twenty four (24) months after the closing date.

About Tarku Resources Ltd.

Tarku Resources Ltd. is an exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds 100% of the interests in all its projects. Project generation is the foundation of mining development and the vision of Tarku is to generate exploration projects with excellent potential for partners or buyers to build into mining properties. 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 its shareholders through the implementation of strategic property acquisition, the use of innovative exploration techniques and the exploration 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 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 news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecasted or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

Contact information

Sylvain Laberge
CEO
514-702-9841

Julien Davy
President
514-618-7287

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