Taku Gold Corp.

Taku Gold Corp.

August 14, 2012 09:00 ET

Taku Encounters Gold in Four Drill Holes on Sulphur Project in Klondike Area of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2012) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to release results from a seven hole, 1,033 metre core drilling program recently completed on the 100% owned, 536 claim (11,344 hectare) Sulphur property located in the Klondike gold district of Yukon approximately 45 kilometres southeast of Dawson City. The property straddles Sulphur Creek where there are currently at least four active placer gold mining operations. The Sulphur Creek road provides good access to the property.

Most of the drilling was done in the Lions area which is located in the northeast corner of the property. The area shows two linear, roughly parallel, northwest-trending anomalies. The first extends almost one kilometre and is up to 400 metres (m) wide, and is the stronger of the two. The second anomaly lies 400m north of the first, and is over 600m long and up to 120m wide (Taku Press Release - May 31, 2012). The most striking feature about the Lions area is that the gold trends are coincident with very strong combined arsenic and silver anomalies. Four of the six holes drilled in this area encountered anomalous gold values with the best intersection found in hole SU12-01 where 0.31 grams per tonne Au (gpt Au) was intersected over 2.0m section from 50.0m.

Better gold values were encountered in the single hole drilled on the Blues area across the Sulphur Creek valley from Lions. Soil geochemical sampling over the Blues area in 2011 defined a 900m long, northwest-trending, linear gold-in-soil anomaly, and up to 1.0gpt Au was obtained from trench sampling (Taku Press Release - May 31, 2012). Hole SU12-07 returned three gold intersections with up to 0.72gpt Au over 1.0m from 72.0m.

The following table summarizes all the gold-bearing intervals encountered by the drilling:

Hole UTM
Azimuth Dip Depth
Area From
SU12-01 611313 7065529 90° -50° 148.0 Lions 50.0 2.0 0.31
SU12-02 611370 7065445 55° -50° 148.0 Lions 58.0 5.0 0.12
SU12-03 611461 7065312 55° -50° 129.0 Lions - - -
SU12-04 611210 7065385 55° -50° 152.0 Lions 75.0 2.0 0.14
SU12-05 611150 7065718 55° -50° 155.0 Lions - - -
SU12-06 611030 7065957 55° -50° 149.0 Lions 56.0 2.0 0.14
SU12-07 604564 7069568 45° -50° 152.0 Blues 39.0 3.0 0.32
Blues 50.0 6.0 0.19
Blues 72.0 1.0 0.72
* UTM Zone WGS Zone 7N

All analytical results referred to in this release were determined by Acme Analytical Laboratories Ltd. in Vancouver, B.C. Acme is accredited under ISO 9001. Rock and drill core samples were prepared by crushing one kilogram to 80% passing -10 mesh and then pulverizing a 250g subsample to 85% passing -200 mesh. Each subsample was analyzed for gold by 30g fire assay, ICP-ES finish. Taku follows an independently designed and monitored quality assurance/quality control program involving the insertion of standards, blanks and duplicates into the sampling stream.

Mark Fekete, PGeo., a director of Taku, is the designated qualified person as defined in Section 1.1 in and for the purposes of National Instrument 43-101 that reviewed and approved the technical content of this release.

On Behalf of the Board,

Taku Gold Corp.

Zachery Dingsdale, CEO and President

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Statements in this release that are forward-looking are subject to various risks and uncertainties as identified above and in the Company'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 Company does not intend to update this information and disclaims any legal liability to the contrary.

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.

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