The TSX Venture Exchange has accepted for filing documentation pursuant to a property purchase agreement, which amends the terms of an option agreement dated Jan. 15, 2014, between Tarku Resources Ltd. and Eagle Plains Resources Ltd. concerning the Tarku property, located along the Virgin River fault, in the province of Saskatchewan. Pursuant to the terms of the agreement, the company will acquire a 100-per-cent interest in the property, and is not required to make further cash payments or complete work commitments. In consideration, the company will issue two million common shares to Eagle Plains. Eagle Plains will maintain a 2-per-cent net smelter royalty in the property; however, the company can purchase 1 per cent for $1-million.

Insider/pro group participation:  Eagle Plains Resources, two million shares

For further information, please refer to the company's press release dated Aug. 23, 2016