Takara Resources Inc.
TSX VENTURE : TKK

Takara Resources Inc.

November 21, 2007 08:08 ET

Takara Resources Inc. Enters Into a Strategic Alliance With South African Based Aphrodeities Mining (Pty) Limited

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) -

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") announces that it has entered into a memorandum of understanding ("MOU") with South African based Aphrodeities Mining (Pty) Limited, resulting in the formation of a strategic alliance having a purpose of jointly identifying, exploring, and/or developing African mineral projects, primarily in the energy-related sector (coal/uranium).

Aphrodeities was formed by a group of South African women who have leveraged their individual strengths from the South African coal industry, the business community, the government, and the legal community, in order to be a competitive force in obtaining mineral exploration opportunities in Africa, that have traditionally been the domain of large mining companies.

This venture, namely, the Venus Energy Strategic Alliance, enables each of Takara and Aphrodeities to combine their respective strengths in terms of access to local projects, corporate capability and geological expertise. For Takara, it represents an outstanding opportunity to collectively enhance a growing portfolio of projects, particularly given the escalating demand for energy in South Africa.

As new projects are introduced, the Company will continually provide updates, in terms of commodities considered, funding requirements, and participating interests.

The securities of the Company 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.
    Jennifer L. Boyle
    President
    (647) 430-0966 (work)
    or
    Takara Resources Inc.
    Pamela Strand
    Chairperson of the board
    (780) 435-0045 (work)