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Tagish 025 Gold & Silver Project, Atlin Mining Division, Northern B.C.

Project Highlights

• Multi-million ounce gold & silver potential
• Sediment-hosted, structurally controlled, mesothermal gold deposit
• 6km structure open in all directions
• High grade surface gold & silver
• 69 holes drilled to date, over 12,000 metres
• Up to 7.5g/t gold & 300g/t silver from drilling
• Over 20m average width of structure
• Numerous untested drill targets on structure and elsewhere on property
• Resource calculation underway

Property Description

In January of 2006, Taku Gold entered into an option agreement to acquire a 100% interest in the TAG Gold - Silver Property within the Atlin Mining Division of British Columbia. The Property is located 35 km west of Atlin, British Columbia on the east shore of Taku Arm, Tagish Lake.

The claim group, after additional staking by Taku Gold, now totals over 2500 hectares. The original claims were staked in 1988 by Gary Thompson upon the discovery of an outcrop of gold bearing breccia near the shore of Tagish Lake. The property is bounded to the west by the long-lived deep-seated Llewellyn Fault system and the Coast Crystalline Complex. The claims cover a 6 km long, 10-100 m wide splay fault off the Llewellyn Fault system. Mr. Thompson, over a 10-year period, identified 3km of anomalous gold-silver strike from 4 zones within the 6km structure and an additional 3km remained unexplored.

In May 2006, Taku Gold completed a 12 hole, 1400 metre (m) drill program over 1.2km of the 6km structure. Six holes were completed on the Main Zone and six were completed on the Bearox Zone.

The drilling was being conducted to test the structure that was identified by surface prospecting, trenching and soil geochemistry.

Grades from drilling in the Phase 1 program ranged up to 7.5g/t Au and up to 106.5g/t Ag. The width of the mineralization averaged over 20 metres.

Following the success of Phase 1 drilling, in October 2006, Taku Gold completed construction of a fully winterized camp and began Phase 2 drilling on November 1, 2006.

In this program, Taku Gold completed 2000m over 11 holes on the Main and Bearox Zones. Drilling was conducted to extend the TAG Gold Deposit at depth and along strike. Grades from drilling in the Phase 2 program ranged up to 5.7g/t Au and up to 300.0g/t Ag to a maximum depth of 200m. Mineralization continued to be open at depth and along strike. Widths continued to average over 20m.

Zachery Dingsdale, President of Taku Gold stated:"Historically, gold-silver mineralization in the Tagish Lake region has been found in very narrow quartz veins.  We are very encouraged by the unprecedented broad zones of gold-silver mineralization that Taku Gold has encountered to date by drilling the 025 Fault."

In June 2007, Taku Gold began its 2007 work program by infill drilling 18 additional holes between the Main and Bearox Zones and testing mineralization to 250m. Numerous gold-bearing intervals were intersected by the drilling. The highlight of this program was the intersection obtained in TAG07-29 that returned 35.0m of 1.3g/t Au and 5.9g/t Ag. Mineralization continued to be open at depth and along strike. Widths continued to average over 20m.

These first 3 programs have now established mineralization continuity over 1.5km of strike length and to a depth of 250m.

During the summer of 2007, Taku Gold flew an airborne geophysical survey which produced 3 distinct magnetic anomalies and established additional drill targets. The Company then cut over 6km of drill roads along the 025 Fault Zone and completed a 1103 sample geochemical survey. The survey covered an approximate area of 5.6km2 and a 5.7km length of the 025 Fault.

"The soil geochem survey was very effective at defining future drill targets on the 025 Fault Zone. We are also quite happy that the survey generated some new prospecting targets off the 025" commented Mark Fekete, a Taku Gold director.

The survey returned some very strong gold results with values up to 1.14g/t Au. Strong silver values were also obtained up to a maximum of 3.5 g/t.

Following the completion of this survey Taku Gold began its 4th drill program in October 2007. A total of 8 holes were completed. On the Main Zone, Taku Gold drilled 2 deep holes to test mineralization to a depth of 300m. The Company then moved the drill over 3km north on the Fault to begin drill testing the Barney Zone. The Barney Zone had never been drilled before. Taku Gold completed 6 drill holes on the Barney Zone over a length of 400m. The soil anomaly that marks the Barney zone remains untested 250m north and 525m south of the drilled section. The southern part of the Barney zone corresponds to a magnetic high that appears to be caused by a quartz diorite intrusion. Assay results from these holes are still pending.

Higher grade intersections typically four to five metres wide were found in almost all of the 41 holes drilled and sampled to date and this appears to be a characteristic feature of the 025 Fault. It also appears that the gold-silver grades are improving moving north along the fault structure.

From May 28 to June 21, 2008, 1850m of drilling was completed in 10 holes on the TAG gold-silver property located on Taku Arm of Tagish Lake some 35km due west of Atlin, BC. The goal of the drill program was to determine whether gold mineralization improves along the southern most extension of the 025 Fault Zone (the "025FZ") towards its intersection with the regional scale, north-trending Llewellyn Fault. The 025FZ was intersected in all 10 holes and it was consistently 15 to 20m wide. Notable intersections were 2.32 g/t Gold and 9.12 g/t Silver over 13.6m in hole 55, 4.21g/t Gold & 21.65g/t Silver over 3.5m in hole 57 and 1.34 g/t Gold and 7.04g/t Silver over 48.5m in hole 59.

In September 2008, Taku Gold announced the completion of its 2008 drill campaign with an additional 1597m being completed in 10 holes. Taku Gold encountered 2.33g/t Gold and 6.93g/t Silver over 22.1m in Hole 60 with assay results from 6 more holes pending.

"Every single hole that we have drilled this season has intersected gold and silver mineralization in the 025 Fault Zone. This has been a very successful year of exploration." stated Zak Dingsdale, President.

In addition to the drilling, Taku Gold has completed an extensive trenching program along numerous segments of the 025 Fault Zone (the "025FZ"). A total of 30 trenches have been excavated and 229 samples have been systematically collected. To date, assay values up to 7.82g/t gold and 28.6g/t silver have been returned with about 50% of the trenching results pending.

With approximately 12,000m in 69 holes drilled to date, Taku Gold has enough data to initiate a resource calculation on the Main Zone at the TAG project. Taku Gold began work on the resource calculation in October 2008.

Taku Gold is very encouraged by the unprecedented broad zones of gold-silver mineralization and the continuity of mineralization encountered to date by drilling the 025 Fault. Kluane Drilling Inc. has stored a diamond drill and bulldozer at Taku Gold's fully winterized camp and Taku Gold intends to continue drilling at TAG after the release of its resource calculation sceduled for release in early 2009.

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