Tassawini Gold Project - 100% Takara (pending closing with Victoria)

Takara Acquisition of Guyana Assets from Victoria Gold Corp.
Takara has entered into an agreement with Victoria Gold Corp. to acquire a subsidiary of Victoria (StrataGold Guyana Inc.) that holds two advanced stage gold projects within the Guyana Shield, Guyana. Total consideration to Victoria will be the issuance of 56% of the outstanding shares of Takara on the date of closing. The two projects are a 100% interest in the Tassawini Gold Project and a 31.96%* interest in the BRL Venture. The BRL Venture is a joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation, which is currently undergoing a trenching and diamond drilling program that is being operated by Newmont. These two advanced stage gold projects have significant exploration upside in addition to potential near-term future gold production. These projects were originally explored and acquired by StrataGold Corporation and its subsidiary’s between 2004 and 2009.
*as at December 31, 2008.
 
Location
Tassawini is situated in the Barima-Waini District of Northwestern Guyana, South America. It is located approximately 170 kilometres northwest of the capital, Georgetown and is centered at latitude 7º 30' N and longitude 59º 35' W. The property is accessible via a private airstrip located on the property and by barge.
 
History
Tassawini is an advanced stage gold exploration property centered on the site of the former producing Tassawini Gold Mine where, between 1907 and 1914, an estimated 11,200 ounces of gold were recovered. Prior to acquisition, the property was subject to extensive exploration estimated to have cost over US$10 million. This exploration included a 116 hole diamond drilling program by Paranapanema Mineracao S.A. during the period from 1986 to 1988, followed by a pre-feasibility study completed by Kilborn Limited from Canada with a mineable reserve estimate of 1,422,678 tonnes grading 1.97 g/t gold. In 2001, Tassawini Gold Mines report a resource estimate of 2.74 million tonnes grading 2.2 to 2.7 g/t gold. (Both of these estimates are provided for historical purposes only and are not NI43-101 compliant).

Underlying Purchase Agreement
The Tassawini Prospecting License (PL) was granted to StrataGold Guyana Inc. (SGI) on March 15, 2005 by the Guyana Geological and Mines Commission (the "GGMC"). The Anaturi PL is 100% owned by StrataGold Guyana Inc. and covers approximately 4,836 hectares (ha) save and except for three small scale claims, Christine 1-3, totalling approximately 30 ha. The Anaturi PL, which is contiguous to the Tassawini PL to the northeast, has an effective date of November 25, 2005 with a date of grant of November 22, 2005 by the GGMC. On June 14, 2007, the Corporation announced that it had satisfied its earn in obligations under the option agreement dated June 10, 2004 relating to the Tassawini property (the "Tassawini Option Agreement") and, as a result, acquired a 100% interest in the property, subject to certain rights retained by the vendor, Mr. Wayne Vieira, described below.

The vendor retains a 2.5% net smelter returns ("NSR") royalty that can be purchased at anytime at StrataGold's option for US $4.0 million. The vendor also retained the right to mine any known alluvial and tailings gold deposits, which right could be purchased by StrataGold at anytime for US$500,000. On July 13, 2007, StrataGold announced it had entered into an agreement to buy-out the alluvial gold mining rights from the vendor for US$500,000 in two instalments of US$250,000. StrataGold has fulfilled the payment obligations to the vendor for the alluvial gold mining rights. Upon exercise of the Tassawini Option, the Company was required under the Tassawini Agreement to make all reasonable efforts, consistent with technically-and-economically prudent industry practices, to complete a 'Feasibility Study' on the property within 18 months. A subsequent amendment extended the delivery date of the 'Feasibility Study' to 24 months. A further amendment was signed on March 26, 2009 to extend the delivery of the 'Feasibility Study' from 24 months to 60 months (June 8, 2012) in exchange for monthly payments of US$6,000.

Land
The Tassawini PL is 100% owned by StrataGold Guyana Inc. ("SGI") a wholly owned subsidiary to be acquired by Takara and covers approximately 4,814 ha and surrounds and encompasses the four Mining Permits (MP) (covering a total area of 1,381 ha) which make up the property. The area is covered by two contiguous adjoining Prospecting Licences (the "Tassawini PL" and the "Anaturi PL") and four Medium Scale Mining Permits ("MSMP's") which lie within the outline of the Tassawini PL, and which have a total area of 9,650 ha.

Geology
The projects to be acquired by Takara are all located within the northern Archaean - Proterozoic Guiana Shield, which is characterized by highly prospective granite-greenstone-formations similar to those in Canada, Southern and Western Africa and Australia. The greenstones comprise intensely folded and metamorphosed sequences of volcanic and sedimentary rocks (Barama-Mazaruni Supergroup ca 2200-2000 Ma) originally deposited in continental shelf and deeper oceanic environments. These sequences are intruded by and interfolded with granitic rocks (Younger Granites Groups). Later gabbro and dolerite dykes and sills (Avanavero Dolerite ca 1760 Ma) cut across all the older rock formations.
 
Global reconstructions of the Guiana Shield and the Birimian Shield of West Africa strongly suggest that these continental terrains are geologically related and developed synchronously (at the same time), and that the two shields would have similar endowments of precious metal. The presence and distribution of primary and alluvial gold deposits in the Northwest District of Guyana adds further support for a hereditary connection with the Birimian meta-sedimentary terrains of West Africa, where some of the world's richest gold deposits have been discovered. Structurally-controlled epigenetic gold mineralization occurs as mesothermal and hypothermal lode gold deposits in bedrock and saprolite, characterized by silica-graphite-carbonate-pyrite-arsenopyrite-pyrrhotite mineral assemblages.
 
The Guiana Shield hosts the Omai deposit in Guyana, Rosebel in Suriname and Las Cristinas in Venezuela. The Guyana Shield is similar to the Birimian Greenstone Belt of West Africa, which hosts several large gold deposits including: Sadiola, Yatela, Morila and Syamain, Mali; Siguiriin, Guinea; and Obuasi, Bogosu, Prestea, Bibianiin, Ghana.

Mineralization
Gold mineralization at Tassawini is structurally controlled and stratigraphically situated near a sheared boundary between the Lower Barama Group and the Upper Mazaruni Group. Manganese rich metasedimentary rocks which characteristically occur near the top of the Barama Group volcano-metasedimentary stratigraphy are present at Tassawini. Proto lithologies indicate a turbidite sedimentary environment with deposition of various fine- to coarse-grained greywacke sediments, ranging from predominantly low-energy cherts, mudstones and siltstones, to sandstones and localized higher energy matrix- and clast-supported conglomerates. Syntectonic granodiorite dikes and sills have intruded the metasedimentary sequence and have been interfolded with it. Regional metamorphism has affected the whole package of rocks and ranges from lower to upper greenschist to possible low amphibolite grade. The sedimentary-intrusive package has been gently to isoclinally folded during regional N-S to NW-SE compression, with the development of linear and rod-like zones of intense folding and transposition of bedding and foliation. Gold mineralization has been focused into these high strain zones which cross-cut original stratigraphy but favor the finer grained, more intensely deformable proto-lithologies, and into other structural traps and extension zones such as parasitic fold hinges and intrusive contacts. The gold bearing mineralogical assemblage includes graphite-carbonate-pyrite-arsenopyrite-pyrrhotite assemblages along with multistage, strongly deformed and brecciated sygmoidal quartz veins, zones of silica flooding and sericite alteration. Metamorphic petrology indicates that the favorable host rocks occur at or close to the lower -- upper greenschist boundary. Intense tropical weathering has formed a deep saprolite profile within the mineralized area, up to 75 m vertical depth.

Resources
Mineral Resource estimate includes the following select zones: Tassawini East, Tassawini West (including Mine Creek), Tassawini South, Black Ridge and Sonne, and is tabulated below, reported at 0.50 g/t gold cut-off. This resource estimate was previously reported by SRK Consulting (Canada) Inc. (“SRK”) of Toronto, Ontario for StrataGold Corporation in June 2008 and has been restated by SRK for Takara on February 10, 2010.
 
NI43-101 Mineral Resource Statement* for the Tassawini and Sonne Gold Deposits

• Reported at a cut-off of 0.5 g/t gold and calculated at $750 USD per ounce gold price.

*For a complete version of the Technical Report and Resource Estimate dated June 2008 see StrataGold Corporation on SEDAR. The February 2010 Takara resource estimate will soon be posted on SEDAR.

Historical Work Programs
Since acquiring the property in June 2004, StrataGold spent approximately $26.3 million on exploration and development of Tassawini. This work consisted of geophysics, mapping, sampling, metallurgical studies, environmental baseline work, petrographical studies, construction of a modern camp and over 110,000 metres (m) has been drilled on the property to date including 425 diamond drill holes (56,504 metres) and 1,436 reverse circulation holes (53,015 metres). Exploration has confirmed several large zones of gold mineralization and defined compliant ounces around the areas of the historical workings.
 
Outside of the 30 ha where the Tassawini Deposit is contained, over 640 ha of gold soil geochemical targets were identified for follow-up in 2007. A total of 60.4 line kilometers (km) of induced polarization geophysical surveys were completed in 2007 around the Tassawini Deposit, Kathmandu, Clutch, Matahari, Stamp Mill, Dome and Impasse targets. Trenching, detailed mapping, reverse circulation and diamond drilling was also carried out on targets for further definition. Diamond drilling in and around the Tassawini Deposit following up on IP targets discovered a new zone of mineralization 250m southwest of the main deposit. This discovery did not relate to previous drilling and represents a new exploration technique for defining gold resources. Reverse circulation and trenching from 2007 also delineated two parallel contiguous zones of mineralization at surface at Sonne North and South. Diamond drilling further defined a new zone at Sonne South that intersected gold mineralization in saprolite and bedrock with the zone remaining open in all directions. RC drilling at the nearby Clutch anomaly also aided in the discovery of three new gold zones. Drilling has demonstrated that gold mineralization at Clutch is highly folded with some holes terminating in mineralization.

Exploration in 2008 at Tassawini and Anaturi continued with trenching and geological mapping mainly at the satellite targets at Clutch and Matahari. Numerous targets have been identified that require follow up exploration work. Tassawini, Sonne and seven untested surface geochemical anomalies are open for expansion and will be subject to follow up work.
 
Future Work Plans
Since the announcement of the sale of the Guyana assets to Takara, engineering groups have been approached to prepare a NI 43-101 Preliminary Economic Assessment Report on the Tassawini Gold Project which would include a resource estimation review, pit optimization, preliminary mine plan and schedule, geotechnical review and preliminary tailings construction, pit slope determinations, environmental permitting studies, mine closure assessment, infrastructure, capital and operating costs, social issues and economic modeling. The Preliminary Economic Assessment Report would be used to guide a large scale mining operation on the Tassawini Gold Project.
 
In addition, exploration including geological mapping, trenching and sampling will target the numerous untested geochemical targets on the property.