Taku Acquires Strategic Properties from Golden Predator in White Gold District of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 20, 2017) - Taku Gold Corp. (CSE:TAK)(CSE:TAK.CN)(CNSX:TAK) ("Taku" or the "Company") is pleased to announce that it has entered into a Mineral Purchase and Option Assignment Agreement (the "Agreement"), with Golden Predator Mining Corp. ("GPY") and GPY's wholly owned subsidiary, Golden Predator Exploration Ltd. ("GPEX") whereby Taku will acquire GPY's 100% interests in the Chopin Project, the Korat Project and the Lucky Joe Project, GPEX's 100% interest in the 40 Mile AOI Claims, and Taku will be assigned GPY's option to acquire the 40 Mile claims (collectively the "Properties"). A map of the properties can be viewed with the following link: http://bit.ly/2vjV65K

Taku will issue to GPY 3,500,000 shares in the capital of the Company as consideration for the transaction. The securities issued to GPY pursuant to the Agreement will be subject to a statutory four month hold period. GPY will retain Net Smelter Returns royalties on smeltable materials consisting of 1.0% on the Chopin claims, 1.0% on the Korat claims, 1.5% on the Lucky Joe claims and 0.5% on the 40 Mile claims (including the 40 Mile AOI Claims).

The Properties are all located in the White Gold district in Western Yukon. This new gold camp has shown a rapid evolution from the initial Golden Saddle discovery in 2009 to the $520 million, all-share acquisition of Kaminak Gold Corp. in May 2016 by Goldcorp Inc. Kaminak's key asset was the Coffee Gold deposit located at the south end of the White Gold district approximately 130 kilometres south of Dawson City. The Coffee Gold deposit currently has total gold mineral resources (Goldcorp press release - May 12, 2016) of 3.0 million ounces indicated (63.7 million tonnes ("Mt") at 1.45 gram per tonne gold ("g/t Au")), and 2.2 million ounces inferred (52.4 Mt at 1.31g/t Au).

Agnico-Eagle Mines Ltd. ("Agnico") entered the district in 2016 with a $14.52 million equity investment in White Gold Corp. (White Gold press release - December 13, 2016). White Gold initially acquired 21 properties covering a large portion of the White Gold district from Shawn Ryan - the prospector credited with both the Golden Saddle and Coffee discoveries (White Gold press release - December 22, 2016). White Gold subsequently acquired all of the properties in the district held by Kinross Gold Corp. ("Kinross") for $10 million cash, 17.5 million White Gold shares, and up to $15 million in deferred payments specifically related to the advancement of the White Gold's properties (White Gold press release - June 14, 2017). As part of that transaction, Agnico invested an additional $8.76 million in White Gold to maintain its pro rata interest in the company. At the close of the transaction, Agnico and Kinross each owned approximately 19.9% of the issued and outstanding common shares of White Gold.