Four separate gold-bearing zones have been identified on Northern Tiger Resources Inc.’s 3Ace property in the southeast Yukon, Canada. In addition, initial drill results from the Sonora Gulch property in the Dawson Range area of the central Yukon have verified the existence of an underlying porphyry system.

“We are excited to announce that Northern Tiger’s initial exploration program at the 3Ace project is continuing to demonstrate its high-grade gold potential. We expanded the strike length of the high-grade discovery vein to over 50 metres before it disappears under heavy overburden. Significantly, initial exploration results have now identified four gold zones in a two-square-kilometre area, each returning at least one-ounce-plus gold assay. Visible gold has been noted in three of the zones,” says Greg Hayes, president of Northern Tiger. “The drilling program at Sonora Gulch has also met its primary objective of verifying that a porphyry copper-gold-molybdenum system is responsible for the alteration and mineralization at Sonora Gulch. With a gold-in-soil anomaly measuring nine square kilometres coupled with the fact that we have only tested a handful of the recommended Titan 24 chargeability anomalies, Sonora Gulch continues to be a high-priority exploration target.”

3Ace

Northern Tiger has completed the initial surface exploration program at 3Ace, consisting of prospecting, mapping and sampling. The primary objectives of the 2010 program were to investigate the extent of high-grade gold mineralization associated with the discovery vein, where previous grab samples returned values up to 140 ounces per ton and to explore the rest of the property for additional mineralized structures and systems. High-grade assays have now been returned from four separate gold zones, and additional results are pending.

Hand trenching has traced the discovery vein for approximately 50 metres along strike before it disappears under heavy overburden. The north-trending discovery vein dips minus-50 degrees to the east and is hosted in a shear zone (the Main zone) which crosscuts a contact between interbedded quartz-pebble conglomerate and fine-grained phyllite lithologies. The exposed sections of the vein have averaged approximately one metre in width. Results from a soil sampling grid suggest that the Main zone extends for a minimum of 100 metres, and also suggest the presence of a second mineralized vein to the east (up-slope) of the discovery vein.

A second zone named the Sleeping Giant and located approximately 1.2 kilometres east of the Main zone consists predominantly of a white massive quartz vein with variable amounts of course crystalline arsenopyrite. Sampling of the vein has also identified visible gold in three locations. The mineralized structure trends north, has a minimum width of 25 metres, and has been traced along strike for 300 metres before disappearing under overburden. To date, assays received from 20 rock samples have ranged from trace to 44.2 grams per tonne gold (from a 1.1-metre chip sample).

The Green zone is located two kilometres north of the Main zone and consists of an east-west-trending zone hosting scoroditic and arsenical mineralization extending at least two kilometres in strike along a property-scale structural corridor. Mineralization occurs both within small veins and, more commonly, as strongly altered quartz-pebble conglomerate wall rock, commonly brecciated and associated with strong clay alteration and local silicification. To date, assays have been received from 67 rock samples and returned values from trace to 66.5 g/t gold (from a grab sample). A total of 17 rock samples returned values in excess of 1.0 g/t gold.

The North zone, located roughly 500 metres east-northeast of the Main Zone, consists of metre-scale quartz veins with arsenopyrite, minor galena and visible gold. Assays received to date from 14 rock samples range from trace to 90.8 g/t gold and 5.0 g/t silver (from a 1.5-metre chip sample). Roughly 70 metres to the east, another 1.5-metre chip sample of quartz pebble conglomerate with quartz veining and clotty arsenopyrite returned 1.5 g/t gold. Both samples occur within an area of abundant quartz veining and strong silicification within quartz-pebble conglomerate.

Assays have been received for approximately 58 per cent of a large program of chip, rock, soil and silt sampling. Additional results are pending.

Sonora Gulch

The Sonora Gulch project is 100 per cent owned by Northern Tiger and is located in the central Yukon’s Dawson range. Twelve diamond drill holes totalling 2,875 metres were recently completed on the Sonora Gulch property. Two of the 12 holes were abandoned at shallow depths due to difficult drilling conditions. The program was primarily designed to test for the presence of a porphyry copper-gold-molybdenum system as suggested by past exploration results and two holes were also collared in a gold-in-soil anomaly (the Gold Vein zone).

Drill hole locations were chosen based on a combination of factors including geophysical interpretation, alteration and geology, and focused on the central portion of a previously identified copper-molybdenum soil anomaly covering over two square kilometres. This area exhibits extensive surface expressions of sericite-pyrite (phyllic) alteration flanked to the north and south by chlorite-epidote-pyrite (propylitic) alteration. The south flank of the phyllic zone extends along Little Kline’s Gulch which is largely overburden-covered although some exposures contain foliation controlled magnetite/biotite (potassic) alteration within altered metavolcanic rocks. A number of the drill holes targeted anomalies identified by a deep-penetrating geophysical survey done by Quantec Geosciences Ltd. and also tested radiometric and magnetic targets identified from a 2009 airborne geophysical survey. Quantec recommended a total of 29 drill holes (including 14 high priority holes) to test chargeability anomalies identified by the Titan 24 survey. Due to the relatively modest drill program, large number of promising targets and logistical limitations of using a skid-mounted drill, only five of the recommended Titan 24 chargeability targets were drill tested in the 2010 drill program. The balance will be considered for drilling in 2011.

The first three holes (SG10-45, 46, 47) cored strongly silicified quartz feldspar porphyritic monzonite containing disseminated and fracture controlled pyrrhotite with minor chalcopyrite. Later holes encountered carbonate-altered metavolcanic wall rock exhibiting skarn and replacement-style sulphides, locally semi-massive. This includes massive magnetite and semi-massive pyrite plus/minus pyrrhotite plus/minus chalcopyrite plus/minus molybdenite along open fractures and in crosscutting quartz veins. Assays from the first five holes (including the two abandoned holes) have revealed sections of geochemically anomalous copper, gold and/or molybdenum values, although no economically significant zones of mineralization are indicated to date. Assay results are pending for the remaining holes.

Minto-style targets

A two-hole (404 m) diamond drilling program has recently been completed on the Dad property. The drilling tested a gradient array induced polarization (GAIP) anomaly coincident with a copper-in-soil geochemical anomaly suggestive of Minto-style disseminated sulphide mineralization. Assay results are pending.

This news release has been reviewed and approved by Dennis Ouellette, BSc, PGeol, a qualified person as defined by National Instrument 43-101. Samples from Sonora Gulch were analyzed by ALS Chemex of North Vancouver, B.C., Canada, using 50-gram fire assay and 35-element ICP analysis. Samples from 3Ace were analyzed by Inspectorate America Corporation of Richmond, B.C., using 50-gram fire assay and 50-element, four-acid ICP analysis. Samples returning in excess of 30 g/t gold are also sent for metallic screen fire assay testing.

Taku has agreed to purchase the five properties for total consideration of 1.8-million common shares of Taku. Taku has also agreed to pay invoices submitted by third party contractors for staking costs that in aggregate will not exceed normal commercial rates of $250 per claim ($380,500 total). The Shares will be subject to a four month hold period, as prescribed by applicable securities legislation and the policies of the TSX Venture Exchange.

The Sulphur property includes 548 claims (11,344ha) and was staked to cover the southeast-trending ridge that separates Sulphur Creek from the Indian River where significant placer gold has been produced historically and production is still ongoing. Total consideration for a 100% interest in the Sulphur property is 655,000 common shares subject to 2.0% net smelter returns royalty. Taku will have the right to buy back the first 1% of the royalty for $1-million cash and will have the right of first refusal to purchase the remaining 1%.

The Quartz property includes 146 claims (3,022ha) and was staked to cover left limit of Quartz Creek where significant placer gold has been produced historically and production is still ongoing. Total consideration for a 100% interest in the Quartz property is 165,000 common shares subject to 2.0% net smelter returns royalty. Taku will have the right to buy back the first 1% of the royalty for $1-million cash and will have the right of first refusal to purchase the remaining 1%.

The Montana property includes 268 claims (5,548ha) and was staked to cover the lower end of Montana Creek and Steele Fork. Airborne magnetic data and limited geological mapping indicate that Steele Fork follows a thrust fault prospective for gold mineralization. The property ties onto the northeast corner of Kinross’s JP Ross property. Total consideration for a 100% interest in the Montana property is 320,000 common shares subject to 2.0% net smelter returns royalty. Taku will have the right to buy back the first 1% of the royalty for $1-million cash and will have the right of first refusal to purchase the remaining 1%.

The Wounded Moose property includes 280 claims (5,796ha) and was staked to cover a series of circular airborne magnetic highs that parallel Wounded Moose Creek where placer gold production has been recorded. Total consideration for a 100% interest in the Wounded Moose property is 330,000 common shares subject to 2.0% net smelter returns royalty. Taku will have the right to buy back the first 1% of the royalty for $1-million cash and will have the right of first refusal to purchase the remaining 1%.

The AM property includes 280 claims (5,796ha) and covers the headwaters of Australia and Melba creeks where placer gold production has been recorded. The property was staked to cover a prominent airborne magnetic low that continues from Gold Run Creek across the Indian River valley onto the AM property. Gold Run is historically one the most productive creeks in the Klondike goldfields and continues to produce placer gold today. Total consideration for a 100% interest in the AM property is 330,000 common shares subject to 2.0% net smelter returns royalty. Taku will have the right to buy back the first 1% of the royalty for $1-million cash and will have the right of first refusal to purchase the remaining 1%.

“Our goal is to make Taku a leader in the White Gold District. These new acquisitions give us a land base to pursue exploration over a 4 to 5 year period” stated Zak Dingsdale, President and CEO.

With additional claims now staked on the Mariposa property, Mariposa now consists of 453 mineral claims covering 90 square kilometres. The western boundary of Mariposa lies approximately 30 kilometres northeast of Kaminak Gold’s Coffee Creek property and 25 kilometres southeast of Underworld Resources’ White gold property (now owned by Kinross Gold Corp.).

Pacific Ridge’s Mariposa property is held by way of an option to earn a 100-per-cent interest from the Tintina syndicate, the details of which agreement were previously reported.

Within the Mariposa property, geochemical soil sampling surveys continue to define new gold exploration targets that require further definition. A 6,500-sample property-wide geochemical soil sampling program is about 30 per cent completed, with over 2,100 soil samples collected to date and geochemical results for 1,750 samples now received. Geologic mapping and rock sampling continue, and trenching of geochemical anomalies has commenced. Details follow with respect to five gold targets partially outlined to date — each geochemically anomalous in gold and related elements. Geochemical soil sampling has proven to be the most effective tool for gold discovery in the South Klondike. Gold values in excess of 20 parts per billion are generally recognized as being anomalous.

Skookum Jim (named after the co-discoverer in the original Klondike gold rush) has been established within the central area of the Mariposa claims. The target has a northeast-trending strike length of 1,100 metres, a width of 600 metres and remains open-ended pending receipt of additional analytical results. Gold-in-soil geochemical values reach peak values of 1,570 parts per billion within an anomaly defined in excess of 20 parts per billion gold. In addition, anomalous values in antimony, bismuth, copper and molybdenum are present. Adjacent to the Skookum Jim anomaly, float samples collected by prior workers (1998) reported gold assays up to three grams gold per tonne. Float prospecting in the area suggests that gold mineralization may be hosted within quartz-rich well-altered rocks, a setting similar to other recent gold discoveries in the South Klondike.

Gertie (in recognition of the Klondike’s “Dance Hall Queen”), located two kilometres southwest from Skookum Jim, is highlighted by two distinct parallel geochemical trends (approximately two kilometres long and 150 metres wide) as defined by anomalous values of bismuth, arsenic and molybdenum. Gold-in-soil values, ranging up to 149 parts per billion gold, are found adjacent to and within the anomalous trends. Historic sampling in the area returned values to 1,333 parts per billion gold. Float prospecting suggests that the two anomalous trends are underlain by quartz muscovite schist, which may be structurally repeated. Along trend, to the east, bedrock schists exposed by placer mining in Mariposa Creek returned a value of 2,530 parts per billion gold over a two-metre chip sample taken from a pyritic granitic dike.

The Hackly anomaly, located within the eastern part of the original Mariposa claim block, contains anomalous gold values within an area measuring approximately 400 by 700 metres. This target is in close proximity to placer gold workings in Mariposa Creek, where “hackly” gold nuggets have been recovered. These rough-textured nuggets suggest proximity to a potential lode-gold source. The anomalous area exhibits peak gold-in-soil values reaching 129 parts per billion gold from this year’s sampling and 256 parts per billion gold from previous sampling in 2009 by the Tintina syndicate. Anomalous values in bismuth and molybdenum are also present.

Maisy (”Maisy Mae” of gold-rush fame) is located within the western portion of the Mariposa claims, south of Cabin Creek. Maisy exhibits gold-in-soil values up to 73 parts per billion gold in an area of highly silicified quartz mica schist float that has been traced 400 metres to the northwest. Samples of the siliceous float returned values up to 784 parts per billion gold and 4,222 parts per billion copper. Anomalous values in bismuth, molybdenum, arsenic and antimony are also reported.

Big Alex (historically known as “King of the Klondike”) is located within the northwest part of the property and lies adjacent to Scroggie Creek. Two zones of gold-in-soil anomalies are emerging with only partial results received to date in an area underlain by pegmatite dikes. Values to 203 parts per billion gold have been received, with elevated values of antimony and molybdenum. To the east, and near Scroggie Creek, a value of 3.0 grams per tonne gold has been reported in pyritic quartz breccia within pegmatite dikes and granite bedrock exposed by placer mining. Within the vicinity of Big Alex, gold-in-quartz nuggets have been placer mined from Scroggie Creek.

Exploration results from Mariposa will be further reported as they are received.

Elsewhere within the company’s Klondike Kate project, exploration is planned later in the season on the Gold Cap and Polar Stewart properties located east of the Underworld/White gold discovery.

Jason Gigliotti, president of Habanero, stated: “We are believers that the Yukon holds some of the largest potential out of Habanero’s projects and we plan to investigate multiple avenues to determine what these assets hold. The White Gold region of the Yukon is one of the most active regions this summer, and we plan to be part of this activity.”

Drill highlights:

A new gold discovery was drilled at the Double Double zone one kilometre to the south of the Supremo zone gold discovery and one kilometre east of the Latte zone gold discovery.

CFD-27 intersected an upper zone of 2.04 g/t gold over nine metres (from 34 metres core depth) and a lower zone of 6.3 g/t gold over 35 metres (from 139 metres core depth).

The Double Double zone is associated with a regionally significant, east-northeast-trending and steeply north-dipping structural splay of the Latte shear zone. It remains open along strike and at depth.
Gold-bearing rocks at Double Double closely resemble rocks from the nearby Supremo and Latte zones (extensive silicification, clay alteration, oxidized pyrite and brecciation accompanied by arsenic-silver-antimony-barium (As-Ag-Sb-Ba) enrichment).

Four drill holes have been completed at the Double Double zone over a 200-metre length. Samples for hole CFD-28 are currently being processed at the assay laboratory.

“Double Double was discovered by drilling high-quality gold-in-soil anomalies coincident with favourable structure,” stated Dr. Rob Carpenter, Kaminak’s president and chief executive officer. “This proven exploration strategy has resulted in three gold discoveries on the property so far in 2010. We will continue to drill test other soil anomalies across the property.”

Drill results

The Double Double zone is associated with a regionally significant, east-northeast-trending and steeply north-dipping structure co-incident with a 300-metre-long-by-100-metre-wide gold-in-soil anomaly. The structure comprises shear zone and breccia fabrics overprinting variably textured schist, giving the overall appearance of a high-strain fault zone. Gold occurs in this fault zone, and alteration typically consists of silicification, clay alteration, local sericite and oxidized sulphides.

Drill holes CFD-27 and CFD-28 were drilled to the north at minus-50-degree and minus-70-degree angles, respectively, and are located 200 metres east of previously drilled holes CFD-13 and CFD-14. Drill hole CFD-13 intersected 1.43 g/t gold over five metres within highly sheared and altered rocks. This result prompted Kaminak’s technical team to re-evaluate the overall setting of gold at the Double Double prospect, resulting in the subsequent drilling of CFD-27. Two significant gold zones were encountered in CFD-27, comprising an upper zone of 2.04 g/t gold over nine metres (from 34 metres core depth) and a lower high-grade intercept of 6.3 g/t gold over 35 metres (from 139 metres), including 18 metres grading 10.42 g/t gold (from 156 metres). Assays from CFD-28 are pending.

Data from oriented core measurements combined with detailed geological core logging from CFD-27 and CFD-28 suggest the high-grade lower intercept from CFD-27 is hosted in a north-dipping orientation and, as a result, the undercut hole CFD-28 may not have intersected the mineralization. Follow-up drilling directed north to south will be required to properly determine the correct orientations, however, Kaminak considers these new results highly encouraging.

A detailed plan map, cross-section, assay sheet and photograph montage of select core samples are available on the Kaminak website.

DRILL RESULTS

Drill hole No. From (m) To (m) Length (m) Weighted grade (g/t)

CFD-27 34 43 9 2.04
and 139 174 35 6.30
including 156 174 18 10.42

(i) The true width is estimated at 70 to 100 per cent of the core length.

The company intends to use the net proceeds of the offering to conduct exploration activities on its Coffee project located in the White Gold district, Yukon, and for general working capital purposes.

Closing of the offering is anticipated to occur on or before July 29, 2010, and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. Securities issued under the offering and through the overallotment option will be subject to a four-month hold period, which will expire four months from the date of closing.

The underwriters will receive a cash commission of 6 per cent of the gross proceeds raised, and non-transferable share purchase warrants entitling the underwriters to purchase, at a price of $1.50 within 24 months after closing of the offering, common shares equal to 6 per cent of the total number of securities sold pursuant to the offering.

The company intends to use the net proceeds of the offering to conduct exploration activities on its Coffee project located in the White gold district, Yukon, and for general working capital purposes.

Closing of the offering is anticipated to occur on or before July 29, 2010, and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the offering and through the overallotment option will be subject to a four-month hold period which will expire four months from the date of closing.

Under the supervision of Equity Exploration Consultants Ltd., the drill program is intended to test the depth extension of mineralization discovered in 2008 as well as other recently defined targets. Mineralization occurs along a 2.5-kilometre-long gold-arsenic-antimony-barium soil geochemical anomaly as well as in trenches located within the anomalous area. The drill program will include approximately 2,500 metres of diamond drilling in 13 drill holes.

David Pawliuk, PGeo, is the qualified person as defined by National Instrument 43-101 and supervised the preparation of the technical information in this release.

The Company’s Yukon gold projects consist of the Green Gulch and the Touleary properties, immediately adjacent to the Underworld Resources White Gold property and the Dan Man property, immediately adjacent to the Kaminak Gold Coffee property. Maps showing the locations of the properties can be viewed on the Arcus website.

The Company also announces that it has increased the size of its Dan Man property through the addition of 203 new mineral claims. These new claims are located immediately north of the Company’s original Dan Man claims and were acquired through staking. “Based on the encouraging results from Kaminak’s initial drilling on its Coffee claims, Arcus has significantly increased the size of its Dan Man claim block and is accelerated its 2010 exploration programs in the White Gold area,” reported Ian Talbot, the Company President.

Phase one of the Company’s 2010 Yukon program will focus on mechanically trenching soil and rock geochemical anomalies identified at each of the Dan Man, Green Gulch and Touleary properties in 2009. The phase two program will consist of the drill testing of targets identified during the stage one trenching program.