Tarku Resources Ltd. (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the 'Company' or 'Tarku') is pleased to announce that Tarku shareholders have re-elected Bernard Lapointe, Julien Davy, Jeff Sheppard, Kyle Appleby and David Watkinson as directors at the Annual General and Special Meeting of Shareholders held on May 15, 2023.
Shareholders also approved the continuation of the stock option plan as described in the information circular and renewed the mandate of Davidson & Company LLP as the Company's independent auditor.
Following the Annual Meeting, the Board of Directors appointed the following individuals as officers of the Corporation: Bernard Lapointe, Chairman of the Board, Julien Davy, President and Chief Executive Officer and Kyle Appleby, Chief Financial Officer.
Tarku Exploration Program Update for 2023
The Company's exploration portfolio has three distinct components, namely gold, lithium and silver, which allows Tarku to react quickly to changing market conditions. The Company will continue to be active in 2023 on all its key projects.
In Quebec, the recent drilling program on its 100%-owned Apollo gold project confirmed the presence of a significant gold orogenic system identified over a length of 3 km. The results revealed several sections of more than 10 m of anomalous gold-bearing rocks associated with very finely disseminated cubic pyrite in pervasive silicification and/or quartz stockwork systems. Here are some examples of test results received:
Hole AP-22-005 intersected 8 m at 0.98 g/t Au.
Hole AP-22-07 intersected four 10-metre-wide gold structures, including 46.9 m at 0.33 g/t Au, 11.27 m at 0.46 g/t Au, 20.48 m at 0.23 g/t Au and 14.0 m at 0.37 g/t Au, with mineralization at the end of the drilling.
Tarku is currently planning Phase 2 of a drilling program on a 5 km section adjacent to the east that has similar geophysical anomalies with high potential, which could extend the length of the gold zone up to 8 km.
In Quebec, Tarku also owns 100% of the MAX Lithium project, located 45 km north of Val-d'Or and 4 km southwest of Sayona Mining's North American Lithium mine (proven reserves of 1.2 million tonnes grading 0.92% Li2O and probable reserves of 28 million tonnes grading 0.96% Li2O (source: company press release dated May 23, 2022)). As previously announced, Tarku will conduct a ground sampling and mapping program in the coming weeks.
On its 100% owned Silver Strike project in Arizona, Tarku completed a geophysical survey in 2022 and is currently finalizing planning for its exploration program for 2023, which will include surface mapping on newly generated targets, and potentially a drilling program, depending on market conditions. The 2022 magnetic geophysical survey data was the first recent geophysical data for the region and has been successfully used for the discovery of carbonate substitution deposits (CRDs), Tarku's target at Silver Strike.
Tarku is also pleased to announce that the 100% subsidiary of Exla Resources Inc. (OTC PINK: EXLA) has converted $CA 150,000 of a principal amount of $CA 500,000 of a 6% interest-bearing convertible unsecured subordinated debenture maturing in 60 months (5 years) at a conversion price of $0.10. The unsecured convertible debenture was part of a purchase agreement between Tarku and Exla, pursuant to which Tarku acquired 100% of the Silver Strike project located in Tombstone, Arizona. The acquisition was announced in a press release dated February 25, 2022.
About Tarku
Tarku Resources Ltd. (TSXV: TKU | FRA: 7TK | OTCBQ: TRKUF) is a mineral exploration company focused on advancing the development of new discoveries using modern techniques in favorable mining jurisdictions such as Quebec and Arizona.
In Arizona's notorious Tombstone district, Tarku owns 100% of the 29-mile Silver Strike project.2. Silver Strike has been interpreted by management as having the potential to contain carbonate substitution deposits (CRDs) comparable to the Hermosa project, located 80 km west in Santa Cruz County, Arizona, which South32 acquired for $1.8 billion in 2018.
In Quebec, Tarku owns 100% of the exploration projects nicknamed the '3 Aces' (Apollo, Admiral and Atlas), in the Matagami Greenstone Belt, interpreted by management as the eastward extension of the Detour Belt, which has recently been successfully explored by Midland Exploration, Wallbridge Mining Company and Probe Metals. In addition, the Company owns the MAX Lithium project, located 4 km southwest of Sayona Mining's North American Lithium mine.
Contact:
Email: investors@tarkuresources.com
This news release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual activities and results to differ materially from expected results and planned activities. These risks and uncertainties include those described in Tarku's periodic reports, including the Annual Report, or in documents Tarku files from time to time with securities regulatory authorities.
TARKU RESOURCES LTD. 
