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Enter Symbol
or Name
USA
CA



Taku Gold Corp
Symbol TAK
Shares Issued 70,665,139
Close 2013-05-02 C$ 0.035
Market Cap C$ 2,473,280
Recent Sedar+ Documents

ORIGINAL: Taku, Argentium form JV for Sill Lake

2013-05-06 16:47 ET - News Release

Also News Release (C-AOK) Argentium Resources Inc

Received by email:

File: NR 05 06 2013 - Argentium LOI.pdf

       Argentium Resources Inc. and Taku Gold Corp. sign LOI for Joint Venture of Sill Lake Property

Vancouver, B.C., May 6, 2013 - Taku Gold Corp. (the "Company") (TSXV: TAK) and Argentium Resources
Inc. ("Argentium") (CNSX: AOK) are pleased to announce that they have signed a binding Letter of Intent ("LOI)
to form a joint venture for the purpose of exploring and developing Argentium's 17 -claim Sill Lake property located
in Van Koughnet Township about 30 km north of Sault Saint, Marie, Ontario.

Argentium will grant Taku the exclusive right to earn a 50% interest in the Sill Lake property in consideration of the
issuance of 10 million (10,000,000) common shares in the capital of Taku and $700,000 in expenditures on the Sill
Lake property to be incurred by Taku. Share issuances and expenditures will be made in accordance with schedules
and programs which have been approved by both companies.. The terms of the transaction are summarized in the
following schedule:

         3,000,000 common shares upon closing;
         3,000,000 common shares and $300,000 expenditures on or before the first anniversary of closing;
         4,000,000 common shares and $400,000 expenditures on or before the second anniversary of closing;
         Taku will have the further right to earn an additional 10% interest in the property by completing a
         Feasibility Report on the property before the third anniversary of closing; and
         Taku and Argentium will form a joint venture for further development of the Sill Lake property funded
         according to their respective interests.

In addition, Taku has paid a $50,000 deposit to Argentium as part of the execution of the LOI. Argentium has
undertaken to complete a National Instrument 43-101 compliant report prior to June 30, 2013, failing which it shall
return the deposit to Taku. The LOI is contingent on the execution and delivery of the Formal Agreements by June
30, 2013, and obtaining of all regulatory and other approvals as may be required to complete the transactions
contemplated by the LOI.

History of the Sill Lake Property
Exploration work on the property is documented as early as 1890. Modern exploration started in 1972 with an
initial drill program completed by the Tribag Mining Company under an option agreement with Teck Mining Group
Ltd. Work continued from 1973 to 1986 with surface and underground exploration, mining and milling. A number
of shipments totalling an estimated 7,000 tons of ore were reported during this period consisting of handpicked
ore and milled concentrate. Up to the end of 1986, 32 holes (12,294 feet) of drilling and underground workings
consisting of a ramp, spiral decline and a 500 foot drift had outlined a mineralized structure over a length of 2,800
feet to a depth below surface of 200 feet. From 1986 to 2007, the property saw limited surface exploration. In
2008, the property was acquired by Gilead Minerals Corp. and RX Exploration Inc. A 13-hole drill program was
completed that year as well as underground dewatering and sampling. In 2012, Argentium reported high-grade
silver results up to 7,621 grams per tonne silver (Argentium Press Release - May 2, 2012) and reported positive
results for low alpha lead potential (Argentium Press Release - May 3, 2012). The potential of the lead to be low
alpha is very encouraging as this category of lead sells at a substantial premium compared to ordinary lead.
Currently, the market value of standard lead is $0.916 US a pound whereas low Alpha lead can range in value from
$25 to over $100 CAD per pound.

www.cnsx.ca/Storage/1447/132523_Press_release_20120502_-_Silver_Grab_Samples.pdf
www.cnsx.ca/Storage/1447/132525_Press_release_20120503_-low_Alpha_Lead__Grab_Samples_-_Final.pdf

About Argentium Resources Inc.
Argentium pursues silver mining exploration, development and production opportunities within North America
and other international jurisdictions. Argentium's project pipeline consists of a balance of high -potential pre-
feasibility and early stage exploration properties. Argentium's goal is to start generating cas h flow with highly
potential projects which can be used to finance further expansion of resources and exploration of other, untested,


                                        1450 � 409 Granville St. Vancouver, BC, V6C 1T2
              Telephone 604.642.0115   Facsimile 604.642.0116 Email info@takugold.com     Toll Free 866.345.0115
 high-grade targets. Argentium is well-positioned for sustained growth and performance with a fundamental
commitment to both sustainable growth for shareholders and to the environment.


About Taku Gold Corp.
Taku Gold Corp. (http://www.takugold.com) is a mineral resource company focused on the exploration and
development of precious metal properties in Canada with a particular emphasis on the White Gold District of the
Yukon Territory and the Tagish Lake region of Northern British Columbia.


Mark Fekete P.Geo., a director of Taku, has reviewed the technical content of this news release for Taku as its
designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101. Taku
has not verified any documented resource estimates, production records or assay results referenced above and
specifically cautions that any such data should be considered as non-current, historical data only, and that this data
should not be relied upon in the context of National Instrument 43-101.


On Behalf of the Board,

Zachery Dingsdale,
CEO and President
Taku Gold Corp.


Follow Taku Gold On:

Facebook: http://www.facebook.com/takugold
Twitter: http://twitter.com/takugoldcorp
YouTube: http://www.youtube.com/user/TakuGold
Flickr: http://www.flickr.com/photos/takugold/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Statements in this release that are forward-looking are subject to various risks and uncertainties as identified above
---> and in the Company's
periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such inf
--->ormation contained
herein represents management's best judgment as of the date hereof based on information currently available. The Compa
--->ny does not intend to
update this information and disclaims any legal liability to the contrary.




                                              1450 � 409 Granville St. Vancouver, BC, V6C 1T2
                 Telephone 604.642.0115      Facsimile 604.642.0116 Email info@takugold.com         Toll Free 866.345.
--->0115
 


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