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White Gold District, Yukon Territory, Canada

In May 2009 Underworld Resources Inc. announced a spectacular drill intersection of 3.4gpt over 104.0m on the Golden Saddle zone on the White Gold property located 75km south of Dawson City, Yukon. Underworld continued drilling throughout the summer on Golden Saddle and a second zone called Arc. A short eight months later in January 2010, Underworld announced the initial resource estimation for the Golden Saddle and Arc deposits. The resource at Golden Saddle includes 1,004,570 indicated ounces at 3.2gpt Au, with an additional 407,413 inferred ounces at 2.5gpt Au. At Arc, the initial resource includes 170,470 inferred ounces at 1.2gpt Au.

Also in January 2010, Underworld announced that it had identified drill targets within a new 40km gold trend on the JP Ross project located northeast of the White Gold project. The JP Ross trend exhibits similar geologic and geochemical characteristics to the White Gold trend, which hosts the Golden Saddle and Arc deposits. Within the JP Ross trend, several targets show a "Golden Saddle" style geochemical signature that is underlain by similar host rocks.

This incredible success was bound to draw attention. In March 2010, Kinross Gold Corporation launched a friendly takeover bid for Underworld valued $139.2-million. The White Gold area lies within an underexplored part of the Tintina Gold Belt. This metallogical province has past production of 29.9 million ounces and 39.3 million ounces of resources for total gold resources of 69.2 million ounces. Notable gold deposits are Donlin Creek, Ft. Knox, Pogo and Brewery Creek.

The man behind the White Gold and JP Ross discoveries is Dawson-based prospector Shawn Ryan. Over the past 12 years, Mr. Ryan and a dedicated, well trained crew has collected over 70,000 soil samples in the Dawson City area. After many days in the bush and with the aid of modern GIS and analytical software, Mr. Ryan has developed a unique insight into the hard rock gold potential of the region. He was awarded as the AMEBC's 2009 H.H. "Spud" Heustis Prospector of the Year in recognition of his accomplishments.

In March 2010, Taku optioned the Dan and Rosebute properties from Shawn Ryan.

In August 2010, Taku announced the acquisition of a further five properties in the White Gold District.

Together the properties cover 2,554 claims totalling 52,660 hectares of prospective rock types and structures similar to Underworld/Kinross' White Gold project 35km due south and Underworld/Kinross' JP Ross May project 10km due east.

These recent acquisitions have made Taku Gold the second largest landholder in the White Gold District.

Large scale soil sampling has been the most successful exploration tool in the White Gold area. Taku intends to use this "footprint" strategy and plans to collect up to 10,000 soil samples from the Dan and Rosebute properties in 2010. Taku will also conduct soil sampling and airborne magnetic surveys on all of its ground in the Yukon.

Taku White Gold District Yukon Properties

Dan Property 448 claims (9,318 Hectares)

The Dan block covers 22km of a prospective, well-defined, linear, thrust fault system that is the possible northern extension of the gold-bearing trend found on the JP Ross property.

Rosebute Property 564 claims (11,731 Hectares)

On the Rosebute block, there are our distinct Golden Saddle style (gold rich, arsenic poor) gold targets that line up in an east-west trend within an area measuring 1.5km by 1.5km. Values within this trend vary from 50 to 108ppb Au and, based on a regional comparison, strongly merit further exploration. The Rosebute block also covers two creek drainages that are considered extremely anomalous in gold for this area with G.S.C. silt samples of 17 and 26ppb Au.

Sulphur Property 548 claims (11,344 Hectares)

The Sulphur property was staked to cover the southeast-trending ridge that separates Sulphur Creek from the Indian River where significant placer gold has been produced historically and production is still ongoing.

Quartz Property 146 claims (3,022 Hectares)

The Quartz property was staked to cover the left limit of Quartz Creek where significant placer gold has been produced historically and production is still ongoing.

Montana Property 268 (5,548 Hectares)

The Montana property includes 268 claims (5,548ha) and was staked to cover the lower end of Montana Creek and Steele Fork. Airborne magnetic data and limited geological mapping indicate that Steele Fork follows a thrust fault prospective for gold mineralization. The property ties onto the northeast corner of Kinross's JP Ross property.

Wounded Moose Property 280 claims (5,796 Hectares)

The Wounded Moose property was staked to cover a series of circular airborne magnetic highs that parallel Wounded Moose Creek where placer gold production has been recorded.

AM Property 280 claims (5,796 Hectares)

The AM property includes 280 claims (5,796ha) and covers the headwaters of Australia and Melba creeks where placer gold production has been recorded. The property was staked to cover a prominent airborne magnetic low that continues from Gold Run Creek across the Indian River valley onto the AM property. Gold Run is historically one the most productive creeks in the Klondike goldfields and continues to produce placer gold today.

Tagish Lake District, British Columbia, Canada

The TAG Gold-Silver Project is Taku Gold's most advanced property.

The TAG Gold-Silver property consists of 26 claims (2,429ha) and is located 35km due west of Atlin on Taku Arm of Tagish Lake. The lake provides relatively good access by barge and float plane. A winterized, 16-man camp has been built on the property.

The property covers 6.2km of the 025 Fault Zone. The 025FZ is a highly deformed interval of shearing, quartz veining, stockwork and breccia with disseminated to stringer sulphide mineralization that cuts calcareous sedimentary rocks. Sediment-hosted, structurally controlled gold deposits are some of the world's most significant gold resources. The TAG property shows all the features that characterize these deposit types.

Between 2006 and 2008 Taku completed airborne geophysical, soil geochemical and prospecting surveys as well as extensive surface trenching and 11,476m of drilling in 69 drill holes. Taku recently announced a 43-101 initial mineral resource estimate from 28 holes drilled on the Main Zone at the far south end of the 025FZ.

The mineral resource estimate includes 250,000 tonnes @ 3.0 grams per tonne ("gpt") gold ("Au") and 12.1gpt silver ("Ag") classified as Indicated mineral resources and a further 400,000 tonnes @ 3.0gpt Au and 9.9gpt Ag classified as Inferred mineral resources. The estimated mineral resources contain 25,736 gold-equivalent ounces (cut) or 26,848 gold-equivalent ounces (uncut) in the Indicated category and 40,705 gold-equivalent ounces (cut) or 42,528 gold-equivalent ounces (uncut) in the Inferred category.

The Tag property remains wide open for further exploration. A new surface showing was discovered in 2008 that returned values up to 7.8gpt Au. This showing is located on the south margin of a quartz diorite intrusion that is well outlined by the airborne magnetic survey. Limited drilling was completed at the north end of this intrusive body and intersected maximum values of 4.3gpt Au and 14.6gpt Ag. The best weight averaged intersection was 16m of 0.29gpt Au and 1.3gpt Ag. The area underlain by the quartz diorite will be the focus for Taku's exploration effort in 2010. A $1.5 million budget has been proposed.

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