Tajiri Resources Corp.

Tajiri Resources Corp.

August 29, 2011 11:46 ET

Tajiri Resources Receives TSX Venture Exchange Approval for Its INCA Property Acquisition

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2011) - Tajiri Resources Corp. ("Tajiri or the Company") (TSX VENTURE:TAJ) is pleased to announce it has received approval from the TSX Venture Exchange for the INCA Property, as announced in Stockwatch on June 9, 2011 and amended on June 14, 2011.

Located in the Bostock Range of the Hess Mountains, the INCA property lies on the eastern margin of the Tintina Gold Belt within the Selwyn Basin Terrane. The INCA is known as a high grade surface Silver-Lead-Zinc exploration property with a history of production. Throughout 1983 to 1986 a reported total of 1305 tons of ore material was shipped to Cominco's Trail smelter. The reported production was 223,000 ounces silver at an average grade of 130-180 ounces per tonne. (Note that the June 09, 2011 news release stated 188,000 ounces of silver was produced from 1,125 tons of ore material. That figure was arrived at by removing INCA pits 7P and 7 from the recorded calculation within the Yukon Geological Survey (Minfile #105O 0150) report as the INCA 7P pit is located on a neighbouring claim and the INCA 7 pit lies partially on the claim boundary.)

As part of the due diligence for the NI43-101 technical report written by James Gregory Davison, MSc, PGeo, twelve grab samples were collected in 2011. The intent was to reconfirm the location of several historical showings, shallow pits, surface cuts and known veining on the property. Select samples returned assay values up to 4315 g/t silver (138.7 ounces per ton), 14.54% lead, and 6.71% zinc, confirming the high grade mineralization on the property.

The Company plans to immediately commence its Phase 1 exploration program, as outlined in the NI43-101 report. Soil and rock sampling, in conjunction with geological mapping and prospecting, will begin immediately. The company plans to resume exploration in early 2012. The results of the exploration program are intended to provide the Company with priority drill targets for 2012.

The Company has arranged, subject to the acceptance of the TSX Venture Exchange, a non – brokered private placement totalling $750,000. The finances will be raised by the Company by issuing up to 5 million units at a price of 15 cents per unit, each unit consisting of one common share and one share purchase warrant. Each whole warrant will entitle the holder, on exercise, to purchase one common share for a period of two years, the first year at a price of 25 cents and the second year at a price of 35 cents.

Finders' fees may be payable, in accordance with the policies of the TSX Venture Exchange. The net proceeds of the private placement will be used to commence and complete Phase 1 exploration on the INCA property and for general working capital purposes.

Technical information in this news release has been reviewed by Derrick Strickland, P.Geo, a qualified person as defined in NI 43-101.

About Tajiri Resources Corp.

Tajiri Resources Corp, is a Canadian junior exploration company with 80% interest in the Gateau Uranium and Rare Earth group of claims in the Otish Basin of Quebec. The Company also has signed an option agreement to acquire 100% interest in the INCA property, a high grade Silver-Lead-Zinc exploration property located in the Mayo Mining District, Yukon Territory, Canada.

On Behalf of the Board,

Tajiri Resources Corp.

Albert (Rick) Timcke, President

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

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 release.

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