Taku Gold Corp.

Taku Gold Corp.

April 12, 2010 09:17 ET

Taku Expands Rose & Bute Property With Shawn Ryan to Become Third Largest Claim Holder in White Gold District of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2010) - Taku Gold Corp. (TSX VENTURE:TAK) is pleased to announce that it has staked an additional 292 claims to expand the Rose & Bute property to 564 claims (11,731 hectares). The property is located some 40km south of Dawson City in the White Gold district of Yukon and 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 4km to the east. Taku now controls a dominant position in the White Gold play with 942 claims (19,594 hectares). A map showing Taku's claims is available at www.takugold.com.

Due to poor exposure of bedrock in the White Gold district, soil sampling has been the primary reconnaissance exploration tool utilized by Underworld to identify drill targets (Underworld Press Release, January 27, 2010) and led to the discovery of the Golden Saddle and Arc deposits. The current resource estimation at Golden Saddle stands at 1,004,570 indicated ounces at 3.2gpt Au, with an additional 407,413 inferred ounces at 2.5gpt Au. At Arc, the initial resource stands at 170,470 inferred ounces at 1.2gpt Au (Underworld Press Release, January 19, 2010).

Taku intends to follow the same "footprint" strategy and plans to collect up to 5,000 soil samples from the Rose & Bute and another 5,000 soil samples form the adjacent Dan property in 2010. The goal of the soil sampling will be to identify "Golden Saddle-style" geochemical signatures that will provide prospective drill targets.

"From what we can gather from press releases and discussions with other players in the area, we estimate that there will be anywhere from 50,000 to 100,000m of drilling in the White Gold district for 2010. I'm happy to report that Taku is now the third largest claim holder in the area with two properties located strategically at the centre of this unprecedented drilling action," comments Zak Dingsdale, President and CEO.

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.

Contact Information