Mr. Julien Davy reports

TARKU ACQUIRES NEW PROSPECTIVE LAND WITH GOLD, AND BASE METALS POTENTIAL IN THE ABITIBI REGION

Tarku Resources Ltd. has recently acquired promising mineral claims in the Abitibi region, Quebec, solidifying its presence in one of the most esteemed and secure global jurisdictions for mining exploration. While maintaining a steadfast focus on advancing its co-flagship 3As project in Quebec and the Silver Strike project in Arizona, these new claims strategically contribute to Tarku's commitment to exploring high-quality geological projects.

Tarku now holds 100-per-cent ownership of nine distinct exploration projects in Quebec, encompassing 19,701 hectares (197 square kilometres), as well as maintaining its full ownership of the Silver Strike project in Arizona, providing shareholders exposure to a diverse range of commodities such as gold, silver, copper, zinc, lithium, manganese and nickel. These assets are located in mining-friendly jurisdictions, and some of them involve critical and strategic minerals.

Julien Davy, president and chief executive officer of Tarku Resources, expressed enthusiasm about the potential of the Abitibi greenstone belt, stating: "The Abitibi greenstone belt is undeniably one of the most prospective geological regions globally. We are excited about the prospectivity of this region, which happens to be in our backyard. The current market conditions have presented opportunities to acquire additional land positions at low costs, prompting us to wisely expand through staking and acquisition efforts."

The Calypso project

Tarku's Calypso project, entirely owned by the company, is situated in the north-central part of the Abitibi greenstone belt. It is located between NTS (National Topographic System) sheets 32F12 and 32F11, a mere 20 kilometres south of Matagami, Que., and encompasses 42 claims totalling 2,346 hectares. Positioned along the Casa Berardi-Douay-Cameron regional deformation zone, the Calypso project spans a segment of this extensive east-west regional structure, stretching over 150 km and characterized by a network of interconnected shear zones. It covers six kilometres along the strike of the Taibi group, host to the Vezza gold deposit to the west, the Discovery deposit to the east, and the Douay and Douay West areas located just seven kilometres to the southeast.

Tarku's compilation reveals little exploration work on the property, primarily due to glacial coverage. Recent exploration efforts by neighbouring companies, such as Nuvau Minerals Corp., Midland Exploration and O3 Mining, underscore the strong gold potential of the Calypso project and its location. Tarku plans to commence exploration activities on the Calypso project in 2024.

The Barmat project

Tarku's Barmat project, also fully owned by the company, is located in the southern part of the Abitibi greenstone belt, within NTS sheet 32C05, only seven km northeast of the Barraute municipality and 40 km north of Val d'Or, Que. Encompassing 12 claims totalling 514 hectares, the project is adjacent and along the Abcourt-Barvue silver-zinc deposit. The Abcourt-Barvue silver-zinc deposit updated its MI feasibility study in 2019, revealing proven and probable reserves of 8.07 million tonnes (Mt) with a grade of 51.79 grams per tonne (g/t) of silver (Ag) and 2.83 per cent zinc (Zn) for a 13-year life mine open-pit and underground operations (source: SEDAR+).

Qualified person

Mr. Davy, PGeo, MSc, MBA, president and chief executive officer of Tarku Resources, is Tarku's qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information in this press release for accuracy and compliance with NI 43-101.

About Tarku Resources Ltd.

Tarku Resources is a mining exploration company dedicated to advancing new discoveries through the application of modern techniques in promising mining jurisdictions, including Quebec and Arizona.

In Arizona, Tarku holds 100 per cent ownership of the 29-square-kilometre Silver Strike project situated within the renowned Tombstone district. Management interprets Silver Strike to have the potential for carbonate replacement deposits (CRD) similar to those of the Hermosa project, located 80 km west in Santa Cruz county, Arizona. South32 acquired the Hermosa project for $1.8-billion (U.S.) in 2018.

In Quebec, Tarku possesses 100 per cent ownership of over 19,700 hectares of prospective claims, including the 3A's projects (Apollo, Admiral and Atlas) along the Sunday Lake regional fault, east of Matagami. Management interprets this area as the eastern extension of the Detour belt, which has witnessed recent exploration successes by companies like Kenorland Minerals, Midland Exploration, Wallbridge Mining Company and Probe Metals. Additionally, the company owns the Max lithium project, located four km southwest of Sayona Mining's North American lithium mine.

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