Taku Gold Corp.
TSX VENTURE : TAK

Taku Gold Corp.

March 30, 2010 08:00 ET

Taku Acquires Second Property in White Gold District of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2010) - Taku Gold Corp. (TSX VENTURE:TAK) is pleased to announce that it has entered into a second agreement with Shawn Ryan to acquire the 120-claim (2,498 hectare) "Rose" and 62-claim (1,290 hectare) "Bute" claim blocks located some 65km south of Dawson City in the White Gold district of Yukon. The Rose and Bute property covers prospective rock types and structures similar to Underworld's White Gold project located 35km due south and Underworld's JP Ross and Maisy May project located 10km due east. Combined with the Dan property, (Taku Press Release, March 23, 2010), Taku now controls 350 claims (7,280 hectares) in the White Gold play. A map showing Taku's claims is available at www.takugold.com.

Shawn Ryan is the Dawson City prospector behind the White and JP Ross gold (Underworld), the Coffee gold (Kaminak) and the Lucky Joe (Copper Ridge) copper-gold discoveries. Over the past 12 years he and a dedicated, well trained crew have collected over 70,000 soil samples in the Dawson area. After many days in the bush and with the aid of modern GIS and analytical software, Mr. Ryan has developed a unique insight into the hard rock gold potential of the Dawson area. He was the recipient of the AMEBC's 2009 H.H. "Spud" Heustis Prospector of the Year award in recognition of his dedication and success in the Yukon.

A regional soil program recently completed by Mr. Ryan uncovered anomalous gold values on a ridge running through the Rose claim block. This was followed by a small, wide-spaced, 128-sample grid that defined four distinct Golden Saddle style (gold rich, arsenic poor) gold targets that line up in an east-west trend within an area measuring 1.5km by 1.5km. Values within this trend vary from 50 to 78ppb Au and, based on a regional comparison, strongly merit further exploration. The Bute claim block covers two creek drainages that are considered extremely anomalous in gold for this area with Geological Survey of Canada silt samples of 17 and 26 ppb Au.

Under the terms of the agreement, Taku has the option to earn a 100% interest in the Rose and Bute property for total consideration of $325,000 cash, 1,000,000 treasury shares and $1,000,000 exploration work scheduled over a four-year period subject to a 2.0% Net Smelter Returns royalty (the "Royalty"). Taku will have the right to buy back the first 1.0% of the Royalty for $2,000,000 cash. The agreement is subject to approval by regulatory authorities in compliance with applicable securities legislation. A finder's fee of 75,000 treasury shares will be paid to an arms length party in connection with this acquisition.

The soil sample results referred to above were determined by Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Samples were dried and sieved to -80 mesh size and analyzed for 36 elements (including gold) by 15-gram Aqua Regia digestion, ICP-MS finish technique. Acme is accredited under ISO 9001. Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.

Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.

Shares Issued 19,252,639

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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