Taku Gold Appoints New Chief Executive Officer

Vancouver, British Columbia – October 28th, 2020: Taku Gold Corp. (CSE: TAK; OTCQB: TAKUF) (the
“Company” or “Taku”) announces the appointment of Lori Walton, Director, as Chief Executive Officer
and Janet Sheriff, Director, as Executive Chair effective immediately.

Ms. Walton has over 25 years’ experience providing independent management and consulting services
to the mining industry, with a focus on northern Canada. Previously she served as President and Chief
Executive Officer, Firestone Ventures Inc. from 2005 to 2012, and as director of Northern Tiger Resources
Inc. from 2008 to 2013. She provided expertise on mineral resource policy for the Government of Alberta
from 2013 to 2018. Currently she provides consulting expertise for government, industry, and industry
associations in addition to serving as President and CEO of a private mining company. Ms. Walton holds
an M.Sc. in Economic Geology from the University of Alberta, is a professional geoscientist registered
with the Association of Professional Engineers and Geoscientists of Alberta (APEGA), and is a graduate
gemologist (Gemological Institute of America).

The Company has also granted 400,000 stock options in connection with the appointments exercisable
at a price of $0.10 per share over a three-year period.

Jordan Butler has resigned as Chief Executive Officer and Director for personal reasons. The Company
thanks Mr. Butler for his service and wishes him great success in future endeavours.

Taku Gold Corp.

Taku Gold Corp. is a mineral exploration company with key assets in Canada’s Yukon Territory. The
Company holds one of the largest land packages within the prolific White Gold and Klondike districts. The
Company’s portfolio consists of more than ten properties and ~50,000 hectares within the White Gold
and Klondike districts including advanced exploration targets on the Portland, Rosebute, and Sonora
Gulch projects.

For additional information:
Janet Sheriff, Chair
(604) 260-0289

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.