Mr. Julien Davy reports

TARKU CLOSES PRIVATE PLACEMENT FINANCING

Tarku Resources Ltd. has closed a non-brokered private placement for aggregate gross proceeds of $375,000. This private placement comprised 15 million flow-through shares of the company at a price of 2.5 cents per share.

The net proceeds of the private placement will be used to finance the company's Max lithium project as well as the 3As gold and base metals projects in Quebec.

The company paid finders' fees in a cash commission equal to 7 per cent of aggregate proceeds from the sale of flow-through shares sourced by the finders, totalling $22,750, as well as finders' warrants in an amount of 910,000, equal to 7 per cent of the aggregate number of flow-through shares sourced by the finders pursuant to the private placement. Each finder's warrant is exercisable to purchase one common share at an exercise price of five cents until Dec. 18, 2025.

All securities issued pursuant to the private placement is legended with a hold period of four months and one day from the date of issuance. The private placement was conditionally accepted by the TSX Venture Exchange on Dec. 6, 2023.

About Tarku Resources Ltd.

Tarku Resources is a mining exploration company focused on advancing the development of new discoveries by using modern techniques in favourable mining jurisdictions such as Quebec and Arizona.

In Quebec, Tarku owns 100 per cent of the 3As exploration projects (Apollo, Admiral and Atlas) in the Matagami greenstone belt, interpreted by management as the eastern extension of the Detour belt, which has seen recent exploration successes by Midland Exploration, Wallbridge Mining Company and Probe Metals. In addition, the company owns the Max lithium project, located four kilometres southwest of Sayona Mining's North American lithium mine.

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 (CRDs) comparable with the Hermosa project, located 80 kilometres west in Santa Cruz county in Arizona, which South32 acquired for $1.8-billion (U.S.) in 2018.