Tarku Reports on the Outcome of its 2023 Annual General Meeting of Shareholders and Provides an Update on its 2023 Exploration Programs - Seite 2

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The shareholders also approved maintenance of the stock option plan as described in the information circular and reappointed Davidson & Company LLP as the independent auditor of the Company.

Following the annual meeting, the Board of Directors appointed the following individuals as officers of the Company: Bernard Lapointe, Chairman of the Board, Julien Davy, President and Chief Executive Officer and Kyle Appleby, Chief Financial Officer.

Update on Tarku's 2023 Exploration Programs

The Company's exploration portfolio has 3 separate components, namely gold, lithium and silver, allowing Tarku to react quickly to changes in market conditions. The Company will remain active in 2023 on all its key projects.

In Quebec, the recent drill program on its wholly-owned Apollo Gold project confirmed the presence of a strong gold-bearing orogenic system identified over a 3-km strike length. The results (see press release dated April 4, 2023) revealed several >10 m sections of anomalous gold-bearing rock associated with very finely disseminated cubic pyrite within pervasive silicification and/or quartz stockwerk systems. Examples of assay results received were:

• Hole AP-22-005 intersected 8 m at 0.98 g/t Au.
• Hole AP-22-07 intersected four gold-bearing structures over 10 metres wide, including 46.9 m at 0.33 g/t Au, 11.27 m at 0.46 g/t Au, 20.48 m at 0.23 g/t Au and 14.0 m at 0.37 g/t Au, with mineralization at the end of the hole.

Tarku is now planning a phase 2 drilling program over a 5 km section, adjacent to the east that hosts similar high-potential geophysical anomalies, which could extend the length of the gold-bearing zone to up to 8 km.

In Quebec, Tarku also owns 100% of the MAX Lithium project, located 45 km north of Val-d'Or and 4 km southwest of Sayona Mining's North American Lithium mine (proven reserves of 1.2 million tonnes grading 0.92% Li₂O and probable reserves 28 million tonnes grading 0.96% Li₂O (source: company press release dated May 23, 2022)). As reported previously, Tarku will conduct a ground sampling and mapping program in the coming weeks.