Next Discovery Socially-Acceptable manner

TSX.V: TKU | www.tarkuresources.com

The Next Discovery in a

Socially-Acceptable manner

February 2020

CAUTIONARY NOTES

This presentation includes certain "forward-looking statements" under applicable Canadian securities legislation. All

statements other than statements of historical fact included in this presentation, including, without limitation, statements

regarding potential exploration results, future plans and objectives of the Company are forward-looking statements that

involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and

actual results and future results, events and objectives could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Tarku’s expectations include exploration and

other risks detailed from time to time in the filings made by the Company with securities regulators. Tarku cautions that

the mineralization within adjacent projects may not be indicative of the mineralization that may be identified on Tarku’s

Project.

All dollar amounts are reported in Canadian dollars, unless otherwise indicated

Forward-looking statements

Quality Assurance / Quality Control

The scientific and/or technical information presented in this presentation has been reviewed and approved by Mr.

Julien Davy, P.Geo., M.Sc., MBA, and President for Tarku Resources.

Mr. Davy is a qualified person as defined by National Instrument 43-101.

Currency

TSX.V: TKU – WWW.TARKURESOURCES.COM2

GOLD EXPLORATION IN QUEBEC – THE BRIGHT ADVANTAGES


6 projects in World Class District, with

long & proven history of Gold & Base

Metal production & MORE COMING

LOCATION

INFRASTRUCTURE

▪ All project are accessible by road

▪ Plan Nord Territory

NORTHERN ABITIBIsafe ground with great

Blue-Sky potential

▪ « Grand Alliance » deal with Cree

Nation

▪ Certification: Best Practices

DURABLE EXPLORATION

▪ For Explorers: 35% of yearly Tax Credit

▪ For Investors: Flow Through shares,

(Québec: 31% after-tax cost)

FISCAL INCENTIVES

COMMODITIES

Focused on Gold (Au) & Base Metals

(Cu, Zn)

Trading at a Significant Discount to

Peers

TSX.V: TKU

Project Generator Model intending

to share risk with partner

RISK MITIGATION

EXPERIENCED TEAM

▪ Strong Technically

▪ Proven Track Record

$-

$0,2

$0,4

$0,6

$0,8

$1,0

$1,2

$1,4

$1,6

$1,8

$2,0

$1 000

$1 200

$1 400

$1 600

$1 800

$2 000

TARKU VS GOLD SINCE INCEPTION


TARKU

INCORPORATION

EUREKA

ACQUISITION

1ST QUEBEC

PROJECT

TARKU

RESTRUCTURATION

Note: Data sourced from public

disclosure as of February 25,

2020 and Bank of America,

Global Research Jan. 13, 2020

Senior Gold Companies

Reserves Have Declined 42%

from 2012 to 2018

US

$ /

oz

Au

TKU

share p

rice(C

AD

$)

2012 2013 2014 20162015 2017 2018 2019 2020

0

2

4

6

8

10

12

0

10

20

30

40

50

60

70

80

90

100

ATTRACTIVE RELATIVE VALUATION


TARKU trades at the low range of its Venture peers,

with Québec gold juniors typically trading at higher

multiples than the average gold junior explorers

TKUShares: 11,7M

Market Cap: 1,1 M$

GOLD JUNIORS AVERAGE:Shares Outstanding : 104,5 M

Market Cap: 20,2 M$

137109

Note: Data sourced from public disclosure as of February 25, 2020

En

tre

prise

sV

alu

e (

CA

D M

$)

1st showing

Discovery

Exploration(1 to 3 year)

Definition(2 to 4 year)

Production(3 to 10 year)

OPPORTUNITY:

CORPORATE OVERVIEW


CAPITAL STRUCTURE

11.7 M

Issued &

Outstanding

0.86 M

Stock

Options

3.5 M

Warrants

16.1 M

Fully Diluted

Shares

AVERAGE DAILY

VOLUME (Past 3 month)

21,5 K ~(0,2%)

TSX.V: TKU (all Canadian)

ENTERPRISE

VALUE

~ 1-2 M$

Market Cap.

C$ 0,05

C$ 0,07

C$ 0,09

C$ 0,11

C$ 0,13

C$ 0,15

SHARE PRICE CHART (Past 3 month)

CURRENT OWNERSHIP

25%

9,7%

2%

2%2%

1%6%8%3%

23%

18%

Other Funds (16,5%)

Institutions

(17.5%)

SDBJ

FTQ

SIDEX

CCPME

CMEB

EROS

Family Office (AB & QC)

49 North

TKU

RESTRUCTURATION

Insiders &

Management

Retail

Friends & Family

MANAGEMENT TEAM


* See the company website for complete biographies

▪ Currently CFO of several

public mining company as

well as controller for 49

North Resources Inc

▪ In-depth understanding of

the junior natural resource

markets

JEFF SHEPPARD CFO - Director

▪ Geologist with 35 years of

experience

▪ President & CEO of Eagle

Plains Resources Ltd. and

Taiga Resources

▪ Been involved with

numerous publicly-traded

corporations since 1994,

including Copper Canyon

Resources Ltd., which was

acquired by NovaGold in

2011 for approximately

$65M

TIM J. TERMUENDE Director

▪ Mining Engineer

▪ Worked as an officer and

director of public

companies since 2004

▪ Has worked to develop

mining and exploration

projects around the world

▪ President and CEO of Crest

Resources Inc and Volatus

Capital Corp

MICHAEL COLLINSDirector

▪ Geologist & MBA

▪ 20 years of exploration experience (North and

South America)

▪ Junior exploration financing experience since 2010

and private and public management expertise since

2013

▪ Extensive business and natural resources network

JULIEN DAVYPresident & CEO - Director

▪ PhD in Geology

▪ 35 years of experience in exploration and project

development

▪ Founder of Arianne Resources in 1997 and headed

the company until 2013 which is still the owner of

one of the largest phosphate projects in the world,

Lac à Paul, Québec

BERNARD LAPOINTEChairman of the Board

▪ PhD in Geology with over

25 years of experience

▪ Worked for the MNRQ,

Cogitore, CONSOREM,

Focus Graphite

▪ Complete expertise in the

development and the uses

of novel and innovative

technics and ideas in the

generation of new

approaches and new

exploration targets

BENOIT LAFRANCEDirector


PROJECT GENERATIONIN QUÉBEC

PROJECT GENERATION IN QUÉBEC


100% TKU> 450 claims (~25,000 ha)

▪ 5 projects along Regional Faults:

▪ Geological and structural context interpreted as

similar to the Detour Lake Gold Mine (Producing

mine with reserves >15M oz @ 0,97g/t Au1)

▪ Traditional Zn & Cu-Au mining districts,

underestimated for gold

▪ More projects coming

NORTHERN ABITIBI

Chateau Fort, on strike with former

Eastmain Gold Mine

(Hist. prod.: 118,356 tm. @ 10.6 g/t Au from

1994 to 19952)

JAMES BAY AREA

(1) Detour Gold web site;(2) Ressources MSV, GM 56083, 1997; SIGEOM database

MATAGAMI AREA (NORTHERN ABITIBI)


Geological and structural context interpreted as similar to the

Detour Lake Gold Mine (Reserves >15 Moz @ 0,97g/t Au1)

(1) Detour Gold web site

▪ 283 claims (15,543 ha)

adjacent and along regional

gold-bearing trends

▪ Active sector along all season

roads

▪ 1st Priority Zone

The “3A”APOLLO – ATLAS – ADMIRAL

2 Gold bearing corridor and

shear zones with strong

similarities with world class

deposits with barely drill tested!

REGIONAL FAULTRWSZ + LOSZ

10 km

5.9 g/t Au

Lac Olga West

Ex.: 14.8 g/t Au & 1.1% Cu over 1.5m

Indice Principale: Zone Olga

1.06% Zn over 2m

Lac Olga SE

0.72% Zn

0.23% Cu / 0.67m

2.36 g/t Au over 1m

Rivière Waswanipi

ADMIRAL

APOLLO

ATLAS

APOLLO & ATLAS – NEW UNTESTED Au & Cu-Zn TARGETS


Background: TMI (Total Magnetic Intensity, SIGEOM + High-Resolution

Heliborne Magnetic Survey, Tarku 2019)

1. APOLLO (Au):

▪ Context interpreted as similar

to the Detour Lake Gold Mine

(>15 Moz Au1)

▪ Regional gold bearing shear

zones

▪ High Mag zones along shear

zone never drill tested!

▪ Shearing associated with:

• Alkaline rocks

• Polygenic Timiskaming type

conglomerates and

• Gold anomalous porphyritic

intrusions

2. ATLAS (Au-Cu-Zn):

▪ Volcanic-sedimentary rocks

regional contacts favorable for

Gold-VMS deposits

(Bousquet Type)

▪ Few drill holes

(1) Detour Gold web site

TARKU EXPLO (Till sampling + High Resolution MAG) = NEW 6 km long of prioritized Gold Targets along a

regional fault with “intrusion shape” high MAG anomalies Never Drill Tested

APOLLO – SIMILARITIES WITH DOUAY GOLD DEPOSIT


▪ Gold deposit associated with alkaline rocks along

regional shearing (Casa-Berardi)

▪ Resources Estimate: > 2 Moz Au (at ~1 g/t Au1)

▪ Intrusions = syenite and monzonite, alkaline

gabbro

▪ Carbonate and hematite alteration

Douay Deposit (QC)TARKU (100%)

Apollo Project (QC)

Never tested intrusions’ margings

vs

(1) Mapple Gold web site

PROJECT GENERATION IN QUÉBEC


▪ 5 projects along Regional Faults:

▪ Geological and structural context interpreted as

similar to the Detour Lake Gold Mine (Producing

mine with reserves >15M oz @ 0,97g/t Au1)

▪ Traditional Zn & Cu-Au mining districts,

underestimated for gold

▪ More projects coming

NORTHERN ABITIBI

Chateau Fort, on strike with former

Eastmain Gold Mine

(Hist. prod.: 118,356 tm. @ 10.6 g/t Au from

1994 to 19952)

JAMES BAY AREA

(1) Detour Gold web site;(2) Ressources MSV, GM 56083, 1997; SIGEOM database

100% TKU> 450 claims (~25,000 ha)

CHATEAU FORT – ALONG STRIKE TO A PAST GOLD MINE


Upper Eastmain River

Greenstone Belt

▪ 100% TKU

▪ 70 claims, 3,750 ha

▪ Active sector along all season road

167 to Stornoway Mine

▪ Adjacent and along strike to past

producer Eastmain Mine(Historical prod.: 118,356 tm. @ 10.6 g/t Au

from 1994 to 19951)

(1) Ressources MSV, GM 56083, 1997; SIGEOM database

for Gold-rich massive

sulphides mineralization

FAVOURABLE ZONE

PAST EASTMAIN

GOLD MINE

CHÂTEAU FORT – ALONG STRIKE TO A PAST GOLD MINE


Eastmain Mine

Historical production from

1994 to 1995:

118,356 tm. @ 10.6 g/t Au*

*Eastmain Resources,NI 43-101 technical report, January 9, 2018

EM16-83

4.53 g/t Au over 0.5 m**

• New mapping by the MERN (2017)

confirming the eastern extension of the

Eastmain Mine Sequence

• Favourable for gold-rich Volcanogenic

Massive Sulphide mineralization

• Few historic works (3.3 g/t Au, grab

sample MERN, 1988)

• SE of Mine Trend (Eastmain):

Upper Eastmain River

Greenstone Belt

SUMMARY – FOCUS ON MAKING THE NEXT DISCOVERY


▪ TARKU :

• 11,7 M shares

• Attractive relative valuation

• Team : Proven track record

▪ LAND POSITION :

• Along regional & proven structure

• GOLD targets ready to drill

▪ 2020

• The “3 A” (Au-Cu-Zn) : Drill targets

ready to be tested.

• New acquisitions in the area to

strengthen our land position

• Chateau-Fort (Au-Cu) : Looking for

partner

Next Discovery Socially-Acceptable manner

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