Takara Resources Inc.: Announces Private Placement Offering

TORONTO, July 13, 2011 - Takara Resources Inc. (TSX VENTURE: TKK) ("Takara") announces a non-brokered private placement offering for gross proceeds of up to $3,000,000 (the "Offering"). The Offering will comprise the sale of units ("Unit") at a price of $0.15 per Unit. Each Unit will consist of one common share ("Common Share") of Takara and one full non-transferable share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.18 at any time within 7 (seven) months of issuance.

The Offering is subject to approval by the TSX Venture Exchange and applicable securities legislation. Finders Fees equal to 6% of the gross proceeds raised, shall be paid to brokers or other third parties (a "Finder") upon closing.

If, commencing 4 months after the closing of the Offering, the common shares of Takara trade at $0.26 or more on the TSX Venture Exchange for a minimum of 20 consecutive trading days, the Takara shall have the right to give notice of early expiry of the Warrants. Early expiry shall accelerate and be automatically amended to be the 30th day after the date on which the Takara gives notice to the Warrant holder of such acceleration.

The securities comprising the Units will be offered to all Qualified Purchasers resident of any Canadian Province, in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The Offering is subject to certain conditions, including regulatory approval. The securities issued upon the closing of the Offering will be subject to a four month hold period from the date of issue, including any other re-sale restrictions imposed by applicable securities regulatory authorities. The proceeds from the sale of each Unit will be for working capital purposes and to advance its Guyana Gold Projects. Insiders of Takara may participate in the Offering. The closing of the Offering is expected to occur on or before July 29, 2011.

All transactions contemplated herein are subject to securities regulatory approvals. The securities of Takara Resources Inc. have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any U.S. State, and may not be offered or sold in the United States or to any "US Person" (as defined in Regulation S under the Securities Act of 1933) absent registration or an exemption from registration.


About Takara

Takara Resources Inc. is a Canadian based gold company focused on exploring and developing its Guyana gold assets in the Guiana Shield that are held within a wholly-owned subsidiary, StrataGold Guyana Inc., namely: (i) the Tassawini Gold Project (100% interest); and (ii) the Arakaka Project (100% interest).

The Tassawini Gold Project hosts a National Instrument ("NI") 43-101 compliant mineral resource estimate. Tassawini deposit contains 437,000ounces gold (Indicated resource 10,799,600 tonnes having an average grade of 1.3 g/t) and Inferred resource of 62,000 ounces gold (614,000 tonnes having an average grade of 1.7 g/t and 1,312,000 tonnes having an average grade 0.7 g/t).

Transactions of Takara are most often subject to regulatory approvals. The securities of Takara Resources Inc. have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any U.S. State, and may not be offered or sold in the United States or to any "US Person" (as defined in Regulation S under the Securities Act of 1933) absent registration or an exemption from registration.


Statement Regarding Forward Looking Information

This news release of Takara contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Takara's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding Takara's expectations regarding ownership, entitlements, drilling and exploration activities on properties in which Takara has, or believes it has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Takara's expectations. Takara undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.



Contact Information

Takara Resources Inc.
Jennifer Boyle, B.A., LL.B.
President & Chief Executive Officer
(647) 430-0966 (work) or (416) 904-2714 (cell)