Tarku Resources Ltd. (TSXV:TKU) acquired Silver Strike Project, in the Tombstone area, Arizona from EXLA Resources Inc. (OTCPK:EXLA) for CAD 0.97 million on February 25, 2022. Deal Consideration includes 7,000,000 Tarku' Shares issue to EXLA, which will give EXLA a 9.65% interest in Tarku and delivering to EXLA debentures being comprised of an aggregate CAD 500,000 principal amount of a six percent (6%) convertible unsecured subordinated debenture due in 60 months (5 years). Each debenture is convertible at a price of CAD 0.10, granting EXLA a first right of refusal (ROFR) allowing EXLA the right to maintain its ownership position by participating in subsequent Tarku financings, award EXLA a two percent (2%) NSR on the Property, one percent (1%) of which could be repurchased by Tarku for $1,000,000 (CAD 1.3 million).

Tarku Resources Ltd. (TSXV:TKU) completed the acquisition of Silver Strike Project, in the Tombstone area, Arizona from EXLA Resources Inc. (OTCPK:EXLA) on February 25, 2022.