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TAK.V...........37.................MC8
October 6, 2010
Taku Acquires the Portland Property, White Gold Area of Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2010) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that it has entered into an agreement to acquire the 32-claim (886ha) Portland property located approximately 45km southeast of Dawson City in the White Gold district of Yukon. Under the terms of the agreement Taku has the option to earn a 100% interest in the Portland property for total consideration of $40,000 cash, 400,000 treasury shares and $200,000 in exploration work scheduled over a three-year period subject to a 2% net smelter returns royalty. Taku will have the right to buy back the first 1% of the royalty for $1-million cash and will have the right of first refusal on the remaining 1%. The agreement is subject to approval by regulatory authorities in compliance with applicable securities legislation.