Taku Samples Up to 746ppb Gold in Soil on Wounded Moose Property in Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2011) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce final results from a preliminary deep auger-type, soil geochemical survey completed over the 757-claim (15,670 hectare) Wounded Moose property in mid to late June 2011. The Wounded Moose property is located approximately 45km south of Dawson City in the Klondike gold camp of Yukon. The goal of the survey was to identify areas prospective for detailed soil geochemical, prospecting and sampling work.

A total of 2068 soil samples were collected along ridges and spurs at 50m intervals. An anomalous area was identified at the northwest end of the property that returned numerous sample values above 60 parts per billion gold (ppb Au). These values are considered highly anomalous with a best value of 746ppb Au. This area also shows moderate to high values for arsenic, antimony and silver. There are three other areas located in the western and southern parts of the property that returned moderate to strong gold values ranging from 39 to 113ppb Au. Detailed sampling is now underway on small grids with sample stations every 50m on lines spaced 100m apart in order to follow up these encouraging results. Distribution maps for gold, silver, arsenic and antimony will be posted on the Taku website shortly.

"We are pleased to see strong numbers at the northwest end of the property as it is road accessible and it would be easy to move in an excavator or drill," comments Zak Dingsdale, President.

All soil samples were collected by Breakaway Exploration Management Inc. All analytical work was completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is accredited under ISO 9001. Soil samples were prepared by drying and sieving 100g to -80 mesh, and then analyzed for 36 elements (including gold) by 15 gram Aqua Regia digestion, ICP-MS finish. Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for 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.