MONTREAL - Tarku Resources Ltd. (TSXV: TKU; OTCQB: TRKUF; FRANKFURT: 7TK) (the 'Company' or 'Tarku') is pleased to provide an update on its Silver Strike project in Arizona, one of the Company's two priority projects, along with the 3As (Apollo, Atlas and Admiral) in Quebec.

Tarku completed an analysis of the Silver Strike project dataset, with recent MAG and radiometric survey results.

This exercise identified new silver-gold targets (+/- copper, lead, zinc) located in the extension of existing anomalies.

Tarku is planning a mapping and sampling program in 2024 to refine these new targets

Julien Davy, President and CEO of Tarku Resources, commented: 'We are really excited about the potential for discoveries on our projects in general, and the Silver Strike project is no exception. The Tombstone Mining District, famous for producing high-grade silver ore in the early 1900s, from the surface to just 200 metres deep. Our recent exploration work has demonstrated geological potential for more silver ore, but also for areas rich in copper, gold, lead, zinc and manganese. Since 2020, Tarku has confirmed high-grade results in three separate zones on the project. In addition, the most recently completed geophysical program revealed new, untested anomalies in the extensions of known zones. These areas will be targeted during the next mapping and sampling campaign.

We continue to advance the Silver Strike project. We are making every effort to demonstrate the full potential of our projects in general and we believe that Tarku represents a very attractive investment opportunity for the mining sector.'

Silver Strike Project Update (silver, gold, copper, lead, zinc, manganese - 29 km2)

The project is 100% owned by Tarku and is located in the famous mining district of Tombstone, Arizona. This region, which is one of the first silver mining regions in the western United States, where 32 million ounces of silver were produced until the 1970s, along with gold, copper, lead, zinc and manganese. It has been reported that by 1890, more than half of the total silver production of the Tombstone District had been mined and that the present value of the region's total production exceeds $1.5 billion USD. Despite its wealth of silver and other base metals, the region has never been explored with a comprehensive view using modern exploration techniques and using a thorough systematic approach. More than 95% of the historical production comes from less than 200 metres and comes mainly from oxidized ores. The potential for discovery remains significant.

Results from the 23 drill holes announced in August 2021 by Tarku, validated the presence of several high-grade silver veins and structures, as well as copper, gold, lead, zinc and manganese mineralization extending both beyond the untested 200-metre vertical historical boundary and along strike. In addition, the results strongly suggest the existence of a carbonate replacement deposit ('CRD') system, similar to the neighboring Hermosa project in Arizona.

Highlights of Tarku's completed surface exploration in 2020 and 2021 adjusted with today's commodity prices: 2,489 g/t AgEq or 2,030 g/t silver, 0.13 g/t gold, 0.72% copper and 12.26% lead-zinc combined in a grab sample at Ground Hog 1,051 g/t AgEq or 778 g/t silver, 0.65 g/t gold, 1.63% copper and 0.79% lead-zinc combined in a grab sample at Ground Hog 943 g/t AgEq or 434 g/t silver, 0.37 g/t gold, 0.09% copper and 15.15% lead-zinc combined in a grab sample at the Junietta mine

At Ground Hog, work has been undertaken to improve the understanding of the Mantos-type mineralization discovered at the contact between the Nacos and Bisbee limestones during the last drill program.

Highlights from Tarku's 2021 drill program adjusted with today's commodity prices: 1,679 g/t AgEq over 1.5 m or 720 g/t silver, 6.44 g/t gold, 0.34% copper and 10.13% lead-zinc combined (Lucky Cuss) in an interval of 223 g/t AgEq over 18.3 m

274 g/t AgEq over 1.5 m or 203 g/t silver, 0.31 g/t gold, 0.19% copper and 0.64% lead-zinc combined (Lucky Cuss) 273 g/t AgEq or 204 g/t silver, 0.38 g/t gold and 1.19% lead-zinc combined over 1.5 m (Ground Hog)

Around Lucky Cuss and the East Side, work will focus on defining extensions, both at depth and along strike.

Highlights of Tarku's 2022 exploration at Solstice adjusted with today's commodity prices: 552.5 g/t Ag Eq, incl. 482 g/t Ag and 1% lead-zinc combined 407.3 g/t Ag Eq, incl. 353 g/t Ag and 0.7% lead-zinc combined 358.2 g/t Ag Eq, incl. 280 g/t Ag and 1.6% lead-zinc combined 354.3 g/t Ag Eq, incl. 187 g/t Ag and 2.3% lead-zinc combined 303.1 g/t Ag Eq, incl. 244 g/t Ag and 1.1% lead-zinc combined

According to the historical compilation, the Solstice mine was sporadically mined from a vertical shaft between 1914 and 1940, producing 475 tons of ore containing 20,761 oz of silver, 107 oz of gold, 841 lbs of copper, and 133,865 lbs of lead. During these years, the miners' biggest challenge has been the water table about 240 feet below surface, seriously opening up the current strong potential for mineralization at depth.

At Solstice, efforts were focused on defining the conjugated vein system (oriented at N030 and N090) and the associated silver and manganese enrichment resulting from the convergence of the two vein systems. The mineralized zones in this zone can extend up to 6 metres in true width. Tarku's next phases in the Solstice region will focus on the continuity of mineralized zones at depth and confirmation of the stability of high-grade mineralization values.

The CRD model

The diversity of mineralization observed in the sediments at Lucky Cuss and Ground Hog strongly suggests that the carbonate replacement deposit ('CRD') model may be more prevalent on the Silver Strike property than originally predicted and its boundaries have not yet been found. CRD is generally a high-temperature carbonate Ag-Pb-Zn deposit formed by the replacement of sedimentary rocks (usually carbonate) by metalliferous solutions, in the vicinity of igneous intrusions and which act as a heat source. With some local variations, the geometry of orebodies can vary from chimneys to veins, passing through flattened bodies along the strata of the rock then commonly known as a manto. These polymetallic replacements/mantos are often stratiform deposits of distal replacement to porphyry deposits (copper or molybdenum). On the Silver Strike project, the abundant presence of manganese is typical of this environment and reinforces the thesis of this CRD-type model.

This deposit model is similar to that of the Hermosa project, located 80 km to the west in Santa Cruz County, Arizona and which South32 acquired in 2018 for USD 1.8 billion. The Hermosa project, which includes the Taylor deposit, is contained sediments of comparable age and type and is classified as a CRD-style zinc-lead-silver massive sulphide deposit.

Tarku plans to implement a mapping and sampling program in 2024 to explore the new targets delineated by the recent MAG and radiometric survey.

About Tarku

Tarku Resources Ltd. (TSXV: TKU; OTCQB: TRKUF; FRANKFURT: 7TK) is a mineral exploration company focused on advancing the development of new discoveries through the use of modern techniques and in favorable mining jurisdictions such as Quebec and Arizona.

In Arizona, in the famous Tombstone district, Tarku owns 100% of the 29 km Silver Strike project2. Silver Strike has been interpreted by management as having the potential to host carbonate substitute deposits (CRDs) comparable to those at the Hermosa project, located 80 km west in Santa Cruz County, Arizona, which South32 acquired for $1.8 billion in 2018.

In Quebec, Tarku owns 100% of more than 19,700 hectares (197 km2) of high-potential claims, including the '3 As' projects (Apollo, Admiral and Atlas), along the regional Sunday Lake fault. Management interprets this area as the eastward extension of the Detour Belt, which has seen recent exploration successes by companies such as Kenorland Minerals, Midland Exploration, Wallbridge Mining Company and Probe Metals. In addition, the company owns the MAX Lithium project, located 4 km southwest of Sayona Mining's North American lithium mine.

In addition, Tarku is maintaining its exploration efforts on its other 100%-owned projects in Quebec, strategically located along regional shear zones with known gold, copper, zinc, nickel or lithium mineralization. This approach reaffirms the company's strategy to delineate high-quality mineral resources. With 25,000 hectares of mining claims in Quebec and 2,900 hectares in Arizona, Tarku Resources is well positioned to capitalize on the positive momentum in the commodities sector.

Contact:

Julien Davy

Email: investors@tarkuresources.com

Web: www.tarkuresources.com

This news release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to differ materially from expected results and planned activities. These risks and uncertainties include those described in Tarku's periodic reports, including the Annual Report, or documents that Tarku files from time to time with securities regulatory authorities.

(C) 2024 Electronic News Publishing, source ENP Newswire