June 16, 2010
Taku Gold Announces Amendment to Royalty under 2006 Property Option Agreement
Vancouver, BC, June 16, 2010 – Taku Gold Corp. (the “Company”) (TSXV: TAK) is pleased to announce that it has satisfied all of the cash payments, share issuances and property expenditures required to earn a 100% interest in 41 mineral tenures situated in the Atlin Mining Division of British Columbia, under the option agreement dated April 19, 2006 (the “2006 Agreement”) with Gary Thompson, of Vancouver, BC. The parties have now agreed to amend the terms of section 2.1 of the 2006 Agreement relating to the Company’s net smelter royalty payable to Mr. Thompson to remove the reference to any additional claims within the former Area of Mutual Interest (the “Amendment”). In consideration for the Amendment, the Company has agreed to issue to Mr. Thompson 100,000 common shares in its capital stock, subject to the approval of the TSX Venture Exchange.
On Behalf of the Board,
Taku Gold Corp.
Zachery Dingsdale,
CEO and President
About Taku Gold Corp.
Taku Gold Corp. (http://www.takugold.com) is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the White Gold District of the Yukon Territory and the Tagish Lake region of Northern British Columbia.
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.
Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation'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 corporation does not intend to update this information and disclaims any legal liability to the contrary.
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