Takara Resources Inc.

Capital Structure

Capital Structure as of January 5, 2012
Share Price	$0.04*
Issued and Outstanding	94,826,470
Market Capitalization	$3.8M
Options Outstanding	4,135,665
Warrants Outstanding	15,611,790
Shares Fully Diluted	114,573,925
Cash	$0.85 Million
Victoria Gold (VIT) Ownership	23%
21,808,355 shares issued to VIT April 23, 2010 * $0.14 = $3,053,168 Acquisition Cost ($6.10 / oz cost @ 500,000 oz) 22M market cap / 500,000 ounces = $46 / oz