Takara Resources Inc.

Takara Resources Inc.

August 26, 2011 12:00 ET

Takara Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2011) - Takara Resources Inc. ("Takara" or the "Company") (TSX VENTURE:TKK) announces that subject to regulatory approval, the Board of Directors has granted incentive stock options pursuant to Takara's stock option plan to an officer and employees to acquire an aggregate of 210,000 common shares of Takara ("Common Shares"). The stock options are exercisable at a price of $0.16 per Common Share and will expire five years from the date of the grant.

About Takara

Takara Resources Inc. is a Canadian based gold company focused on exploring and developing its Guyana gold assets in the Guiana Shield that are held within a wholly-owned subsidiary, StrataGold Guyana Inc., namely: (i) the Tassawini Gold Project (100% interest); and (ii) the Arakaka Project (100% interest). The Tassawini Gold Project hosts a National Instrument ("NI") 43-101 compliant mineral resource estimate containing 437,000 ounces gold (Indicated resource 10,799,600 tonnes having an average grade of 1.3 g/t) and 62,000 ounces gold (Inferred resource 614,000 tonnes having an average grade of 1.7 g/t and 1,312,000 tonnes having an average grade 0.7 g/t).

Statement Regarding Forward Looking Information

This news release of Takara contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Takara's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding Takara's expectations regarding ownership, entitlements, drilling and exploration activities on properties in which Takara has, or believes it has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Takara's expectations. Takara undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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

  • Takara Resources Inc.
    Jennifer Boyle, B.A., LL.B.
    President & Chief Executive Officer
    (647) 430-0966 (office) or (416) 904-2714 (cell)