Mr. Julien Davy reports

TARKU CLOSES $740,000 PRIVATE PLACEMENT FINANCING AND WILL START DRILLING ON APOLLO, QUEBEC

Tarku Resources Ltd. closed on Sept. 9, 2022, a non-brokered private placement for aggregate gross proceeds of $740,000. This private placement is composed of 7.4 million flow-through shares of the company at a price of 10 cents per share.

All securities issued pursuant to the private placement are legended with a hold period of four months and one day from the date of issuance.

The company paid finders' fees in a cash commission equal to 7 per cent of aggregate proceeds from the sale of units sourced by the finder totalling $44,400, as well as finders' warrants in an amount of 434,000, equal to 7 per cent of the aggregate number of units sourced by the finder pursuant to the private placement. Each finder's warrant is exercisable to purchase one common share at an exercise price of 15 cents until Sept. 9, 2024.

The net proceeds of the private placement will be used to finance the company's Gold Apollo project in Quebec. The private placement was conditionally accepted by the TSX Venture Exchange on Aug. 24, 2022.

About the Apollo project

The Apollo project is part of the 100-per-cent-owned-by-Tarku Three As project (Apollo, Atlas and Admiral) and is located adjacent to and to the north of its Atlas project. It consists of 69 claims (3,775 hectares) centred on the Riviere Waswanipi ductile shear zone. The last induced polarization survey conducted during last winter allows Tarku to refine and generate high-priority drill targets over the priority area of the Riviere Waswanipi shear zone, which Tarku interprets as being the east extension of the regional Sunday Lake fault, host of the Detour Lake gold mine or the Kirkland Lake gold mining camp.

Those high-priority drill targets will be the host of Tarku next drill program, starting October, 2022.

About Tarku Resources Ltd.

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone district, Tarku owns 100 per cent of the 29-square-kilometre Silver Strike project. Silver Strike has been interpreted by management to have the potential for similar carbonate replacement deposits comparable with the Hermosa project, located 80 kilometres west in Santa Cruz county, Arizona, which South32 acquired for $1.8-billion (U.S.) in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a drill program of a minimum of 5,000 metres in the coming month.

In Quebec, Tarku owns 100 per cent of the Three As exploration projects, (Apollo, Admiral and Atlas projects) in the Matagami greenstone belt, which has been interpreted by management as the eastern extension of the Detour belt. The Detour belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd. and Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a drill program of a minimum of 3,000 metres during the fall 2022 period.

We seek Safe Harbor.