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Taku Gold Completes Second Tranche For $1.29-Million

July 7, 2017

Mr. Zachery Dingsdale reports

TAKU GOLD CORP. ANNOUNCES CLOSING OF FINANCING

Taku Gold Corp. has closed the second and final tranche of the previously announced non-brokered private placement financing. An aggregate of 12.98 million units at a price of 10 cents per unit were issued in the second tranche for gross proceeds of $1,298,000.

Each unit consists of one common share and one common share purchase warrant; each warrant entitling the holder to acquire one additional common share at 15 cents for 24 months from the date of issue.

In the second tranche closing, the company paid commissions of 6 per cent cash and 6 per cent compensation warrants, in accordance with Canadian Securities Exchange policies, to certain eligible agents. Total cash payments were $76,680 and 766,800 compensation warrants were issued. The compensation warrants have the same terms as the warrants.

The net proceeds from the private placement will be used to finance Taku's exploration programs in the White Gold district of Yukon and for general working capital.

Taku holds a portfolio of 1,449 claims (29,813 hectares) in the White Gold district.

About Taku Gold Corp.

Taku Gold is a mineral resource company focused on the exploration and development of precious metal properties in Canada with an emphasis on the White Gold district of Yukon and the Tagish Lake region of Northern British Columbia.