Tarku Resources Ltd. provided update on Its 2023 exploration programs. The Company's exploration portfolio has 3 separate components, namely gold, lithium and silver, allowing Tarku to react quickly to changes in market conditions. The Company will remain active in 2023 on all its key projects. In Quebec, the recent drill program on its wholly-owned Apollo Gold project confirmed the presence of a strong gold-bearing orogenic system identified over a 3-km strike length.

The results revealed several >10 m sections of anomalous gold-bearing rock associated with very finely disseminated cubic pyrite within pervasive silicification and/or quartz stockwerk systems. Examples of assay results received were: Hole AP-22-005 intersected 8 m at 0.98 g/t Au. Hole AP-22-07 intersected four gold-bearing structures over 10 metres wide, including 46.9 m at 0.33 g/t Au, 11.27 m at 0.46 g/t Au, 20.48 m at 0.23 g/t Au and 14.0 m at 0.37 g/t Au, with mineralization at the end of the hole. Tarku is now planning a phase 2 drilling program over a 5 km section, adjacent to the east that hosts similar high-potential geophysical anomalies, which could extend the length of the gold-bearing zone to up to 8 km.

In Quebec, Tarku also owns 100% of the MAX Lithium project, located 45 km north of Val-d'Or and 4 km southwest of Sayona Mining's North American Lithium mine (proven reserves of 1.2 million tonnes grading 0.92% Li2O and probable reserves 28 million tonnes grading 0.96% Li2O. As reported previously, Tarku will conduct a ground sampling and mapping program in the coming weeks. On its wholly-owned Silver Strike project in Arizona, Tarku conducted a geophysical survey in 2022 and is now finalizing the planning of its 2023 exploration program, which will include surface mapping over the new targets generated, and potentially a drilling program, depending on market conditions.

The data from the 2022 magnetic geophysical survey was the first recent geophysical data for the area and has been used successfully in the discovery of carbonate replacement deposits (CRD), Tarku's target at Silver Strike.