TAJ.V · 2023-05-23 12:00:00

Tajiri Highlights Drilling by Goldsource Mines that Intersects Mineralization on the Boundary of and Striking into the Gargantuan Project with Results

Drill Results

Tajiri Highlights Drilling by Goldsource Mines that

Intersects Mineralization on the Boundary of and

Striking into the Gargantuan Project with Results

Including: 6m @ 18.31g/t; 9m @ 9.29g/t; 21m @

3.12g/t; 13.5m @ 4.7g/t and 36m @ 2.12 g/t Au

VANCOUVER, BC

May 23, 2023

/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is pleased to

draw investors' attention to good shallow drill results reported by our neighbour Goldsource Mines (TSX.V

GXS) at their Soca Prospect located within a north south striking zone of mineralisation which extends

southward into the Gargantuan Project, for a potential mineralised strike length of ~1,100m. The prospectivity

of the Soca zone extension through Garganatuan is highlighted by extensive artisanal alluvial gold workings

associated with its entire projected strike within Gargantuan (See

Figure 2

Drill results reported by Goldsource

within

50 m

of the boundary with Gargantuan include:

@ 9.29g/t Au

from

139.5m

;

10.5m

@ 3.66 g/t Au from

78m

3m@ 5.17g/t Au from

178m

;

15.5m

@ 1.67g/t Au and

13.5m

4.7g/t Au from

66m

Further away from the boundary and up to

250m

along strike to the north (limits of drill testing) Goldsource

reported the following better diamond drill intercepts:

@ 18.31 g/t Au from

169.5m

;

21m

@ 3.13g/t Au from

112m

;

36m

@ 2.12 g/t Au (including

15m

@ 4.41g/t Au) from

79.5m

; 3m@ 7.45g/t Au from

58m

; and 18m@

1.25g/t Au from

28m

Accompanying Figures include the location of the Soca Zone and other mineralised trends with respect to the

Gargantuan Property (

Figure 1

) and a reproduction of Goldsources' drill plan of the Soca Zone with detailed

trace of the Soca Zone through Gargantuan and a cross-section located within

50m

of the boundary of

Gargantuan (

Figures 2 & 3

respectively).

Character of the Soca Zone

Mineralisation to date defined by Goldsource drilling appears to be associated with a gently west dipping

(~15°) contact between a quartz porphyry and an underlying granodiorite (

Figure3

). Mineralisation is truncated

on the western side of the Soca Zone by a vertical fault with unknown displacement while to the east where

mineralisation is projected to outcrop it has been mined in several saprolitic artisanal workings (

Figure 2

). As

such the porphyry – granodiorite controlling contact has a potential down dip extent of ~

300m

from surface to

the truncating fault in the west.

Better gold intercepts occur within a broad halo of lower-grade gold mineralisation and as such and given

current drill spacing the detailed orientation of the high tenor zones within Soca are not yet well defined. They

may be associated with steeper sympathetic shears/ladder style structures within the shallow dipping broad

halo of gold anomalism, or they may represent several shallow dipping zones conformable to the porphyry-

granodiorite contact.

It also appears possible that the tenor of mineralisation at Soca improves going south with the length weighted

average of 26 >1g/t intersections reported by Goldsource being 3.4g/t Au over

7.2m

for the entire Prospect

while the average of all > 1g/t intersections (11) situated within

60m

of the boundary of the Gargantuan Project

is 5.3g/t Au over

8.2m

Elsewhere within the Eagle Mountain Project, Goldsource have defined a low strip ratio, pit constrained, gold

resource of 1.77Moz @ 1.1g/t

Au and are currently undertaking preliminary economic assessment studies.

Mineralisation at the Eagle Mountain Project has two styles:

Shallow dipping mineralisation, associated with low angle thrusts, which has extensive down-dip and lateral

continuity; and

Mineralisation associated with steeply dipping, north-south striking breccia and shear zones of the

Salbora- Trend.

The association of the Soca zone with a shallow dipping porphyry-granodiorite contact gives some confidence

that like similar shallow dipping mineralisation within the wider Eagle Mountain Project, Soca and its strike

projections into Gargantuan will also be characterised by extensive strike and dip continuity.

Chairman's Comment

Given the immediacy of the Soca Zone to Gargantuan and the good understanding of the gross geometry of

the zone established by Goldsource, the extensions of Soca through Gargantuan represents an immediate no-

brainer, walk-up, drill ready target with the prospect of delivering a considerable quantum of high-grade

mineralisation next to a potential gold mine.

About the Gargantuan property:

Tajiri Resources entered into a binding letter of intent to acquire the Garantuan and Epeius Projects on

June

, 2020 (

see associated press release

) and is in the process of preparing and filing NI43-101 technical

reports in order facilitate a vote to receive final shareholder approval of the transaction.

Qualified Person

The Qualified Person under National Instrument 43-101

- Standards of Disclosure for Mineral Projects

for this

news release is

Dominic O'Sullivan

a geologist, member of the AusIMM, Executive Chairman of Tajiri who has

reviewed and approved its contents.

On Behalf of the Board,

Tajiri Resources Corp.

Graham Keevil

President & CEO

About Tajiri

Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located

in two of the worlds least explored and highly prolific greenstone belts of

Burkina Faso

West Africa

and

Guyana

South America

. Lead by a team of industry professionals with a combined 100 plus years'

experience the Company continues to generate shareholder value through exploration.

____________________________

Results Reported March 11, 2022

https://goldsourcemines.com/news-releases/goldsource-announces-phase-2-exploration-drill-results-for-eagle-mountain-including-60-metres-grading-1831-gpt-gold-and-90-metres-grading-929-gpt-gold

Eagle Mountain Resource Published April 5, 2022 is comprised of:

Indicated 31.1Mt @ 1.18g/t Au for 1,1830,000 ounces with 35% being oxide for 417,000 oz.

Inferred 18.4Mt @ 0.98g/t Au for 582,000 ounces with 24% being oxide for 139,000 oz.

SOURCE

Tajiri Resources Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2023/23/c1935.html

%SEDAR: 00027091E

For further information:

Tajiri Resources Corp., Graham Keevil, President, CEO, [email protected],

www.tajirigold.com

CO: Tajiri Resources Corp.

CNW 08:00e 23-MAY-23

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