Takara Resources Inc.
TSX VENTURE : TKK

Takara Resources Inc.

December 23, 2008 17:00 ET

Takara Resources Inc. Completes Drill Program on Abitibi Greenstone Belt Gold Project

TORONTO, ONTARIO--(Marketwire - Dec. 23, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Takara Resources Inc. (TSX VENTURE:TKK) ("Takara" or the "Company") is pleased to announce that it is on schedule with respect to its 2008 drilling program on the newly optioned Luciana Prospect, a permitted "drill-ready" mineral property prospective for gold and LREE (Light Rare Earth Elements) that straddles the "Cameron Shear Zone" near Lebel-sur-Quevillon, QC.

Takara has now completed the first phase of its drilling campaign, which consisted of five (5) drill-holes totaling 477 metres. Core logging and sampling are in progress, and assay results are expected in 4-6 weeks.

For details on the property and a description of Takara's earn-in terms with Golden Valley Mines Ltd. (TSX VENTURE:GZZ), please refer to the Company's December 8, 2008 press release.

Takara further announces that Dr. Scott Jobin-Bevans will no longer act as the Company's Vice-President, Exploration, but will continue to support the Company's initiatives in an advisory capacity. Pamela Strand, P.Geol. will be the Company's "Qualified Person" as defined in National Instrument 43-101 and she has reviewed the technical information presented in this news release.

The securities of Takara Resources Inc. have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any U.S. State, and may not be offered or sold in the United States or to any "US Person" (as defined in Regulation S under the Securities Act of 1933) absent registration or an exemption from registration.

Certain information contained in this press release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward-looking information. All of the forward-looking information contained in this press release is qualified by this cautionary statement. There can be no assurance that the actual results or developments anticipated by Takara, as expressed or implied by the forward-looking information, will be realized or, even if substantially realized, that they will have the expected consequences to or effects on Takara or its business operations. Takara disclaims any intention or obligation to update or revise any forward-looking information as a result of new information or future events. Readers should not place undue reliance on forward-looking information.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Takara Resources Inc.
    Julie Lassonde-Gray
    President
    (647) 430-0966 (work)
    or
    Takara Resources Inc.
    Pamela Strand
    Chairperson of the board
    (780) 435-0045 (work)