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

The company remains active on Apollo Gold, MAX Lithium and Silver Strike projects

MONTREAL, QC / ACCESSWIRE / May 18, 2023 / Tarku Resources Ltd (TSXV:TKU)(FRA:7TK)(OTCQB:TRKUF) (the “Company” or “Tarku”) hereby announce that at its Annual and Special General Meeting held on May 15, 2023, the shareholders of Tarku, Bernard Lapointe, Julien Davey, Jeff Shepard and Kyle Up I am announcing the re-election of Ruby and David. Watkinson took over as director.

candidate

vote for

% for

Abstention

abstention rate

vote against

against %

Julian Davy

23,295,312

99.98%

5,000

0.02%

0

0.00%

Bernard Lapointe

23,259,415

99.82%

40,897

0.18%

0

0.00%

Kyle Appleby

23,282,112

99.92%

18,200

0.08%

0

0.00%

Jeff Shepard

23,282,112

99.92%

18,200

0.08%

0

0.00%

David Watkinson

23,282,112

99.92%

18,200

0.08%

0

0.00%

The shareholders also approved the maintenance of the stock option plans described in the Information Circular and reappointed Davidson & Company LLP as the Company’s independent auditor.

Following the Annual General Meeting, the Board of Directors appointed the following to the Company’s Board of Directors: Chairman of the Board Bernard Lapointe, President and Chief Executive Officer Julien Davey and Chief Financial Officer Kyle Appleby.

Update on Tarku’s 2023 exploration program

The company’s exploration portfolio has three separate components – gold, lithium and silver – allowing Tarku to respond quickly to changing market conditions. We will continue to actively work on all major projects for his 2023.

In Quebec, a recent training program at a fully funded facility Apollo Gold Project The presence of a strong gold-bearing orogenic system was confirmed over a strike length of 3 km.Results (reference Press release dated April 4, 2023) revealed several >10 m sections of anomalous gold-bearing rocks associated with very finely interspersed cubic pyrite within extensive silicified and/or quartz stockwork systems. An example of the assay results received is:

  • Hole AP-22-005 crossed 8 m at 0.98 g/t Au.

  • Hole AP-22-07 was intersected by four gold-bearing structures over 10 meters wide. 46.9 m for 0.33 g/t Au, 11.27 m for 0.46 g/t Au, 20.48 m for 0.23 g/t Au, 14.0 m for 0.37 g/t Aupetrification can be seen at the edge of the hole.

Talc is currently planning a Phase 2 drilling program over an adjacent 5km stretch to the east where a similar likely geophysical anomaly exists, which will extend the length of the gold-bearing zone up to 8km. may be

In Quebec, Talc also owns 100% of the shares. MAX lithium project, It is located 45 km north of Baldor and 4 km southwest of Sayona Mining’s North American lithium mine (1.2 million tonnes proven reserve, 0.92% lithium grade).2O and probable reserves of 28 million tons, grade 0.96% Li2O (Source: Company press release dated May 23, 2022)). As previously reported, Talc plans to conduct a ground sampling and mapping program in the coming weeks.

wholly owned silver strike project In Arizona, Talc will conduct geophysical surveys in 2022 and is currently finalizing plans for its 2023 exploration program. This could include surface mapping of new targets generated and drilling programs depending on market conditions. Data from the 2022 magnetic geophysical survey are the first recent geophysical data in the region and were successfully used to discover a carbonate replacement deposit (CRD), a talc target at Silver Strike.

Tarku also announced that a wholly-owned subsidiary of Exla Resources Inc. (OTC PINK:EXLA) will invest CAD 150,000 out of a principal amount of CAD 500,000 in 6% (6%) convertible debenture unsecured subordinated debentures maturing within 60 months. We announced that we converted the dollar (5 years), the converted price is $0.10. The unsecured convertible debentures were part of a purchase agreement between Talc and Exla pursuant to which Talc acquired 100% ownership of the SilverStrike project in Tombstone, Arizona. The acquisition was announced in a news release dated February 25, 2022.

qualified person

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, Qualified under National Instrument 43-101 for Disclosure Standards for Mineral Projects, Prepared the Technical Information for this News , directed and approved for release.

About talc

Tarku Resources Ltd. (TSXV:TKU)(FRA:7TK)(OTCBQ:TRKUF) focuses on advancing the development of new discoveries using the latest technology in favorable mining jurisdictions such as Quebec and Arizona is a mining exploration company that has

Within Arizona’s famous Tombstone District, Talc owns 100% of 29 km of land.2 Silver Strike Project. Silver Strike could be a similar carbonate replacement deposit (CRD) comparable to the Hermosa Project located 80km west of Santa Cruz County, Arizona, which South 32 acquired in 2018 for US$1.8 billion, management said. interpreting.

In Quebec, Tarku owns 100% of .threeas“The Matagami Greenstone Belt exploration projects (Apollo, Admiral, Atlas) are interpreted by management as an eastern extension of the bypass belt, and are being explored by Midland Exploration, Wallbridge Mining Company and Probe Metals. Recent exploration successes have also been seen.The Company also owns the MAX Lithium Project, located 4 km southwest of Sayona Mining’s North American Lithium Mine.

On behalf of Tarku Resources Ltd.

Julian Davy
Representative Director and President

Talc contact information:

Email: Investors@tarkuresources.com
Website: www.tarkuresources.com

Follow @TarkuResources on LinkedIn, Facebook, Twitter, and Instagram.

Neither the TSX Venture Exchange nor its regulated service providers (as that term is defined in the TSX Venture Exchange Policy) are responsible 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 actions to differ materially from the targeted results and plans. there is. Such risks and uncertainties include those described in Talc’s periodic reports, including its annual reports, and filings Talc makes from time to time with securities regulators.

sauce: Talc Resource Co., Ltd.

View the source version on accesswire.com.
https://www.accesswire.com/755825/Tarku-Reports-on-the-Outcome-of-its-2023-Annual-General-Meeting-of-Shareholders-and-Provides-an-Update-on-its- 2023-Exploration-Program

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