Takara Enters into Option Agreement for Saskatchewan Uranium Exploration Property

Toronto, Ontario--(Newsfile Corp. - December 30, 2014) - Takara Resources Inc. (TSXV: TKK) (the "Company" or "Takara") is pleased to announce that it has entered into an option agreement with Lakeland Resources Inc. ("Lakeland") to acquire a 50% interest, subject to TSX Venture Exchange ("Exchange") acceptance, in the Fond du Lac Property (the "Property"), located in the northern Athabasca Basin region, Saskatchewan. The Property consists of one mineral claim, and is 2,827 hectares in size.

The property is situated at the margin of the Athabasca Basin where the depth to the unconformity is relatively shallow. The historic and recent exploration has identified the presence of an optimal geological setting for the formation of unconformity-style mineralization. Historic exploration was conducted in the 1976 to 1984 era by Saskatchewan Mining and Development Corporation and Urangesellschaft Canada Ltd. Exploration consisted of regional airborne and geochemical surveys, followed by detailed ground EM, magnetic and gravity surveys and drilling of one hole in 1984.

This property fits well with Takara's exploration strategy to target shallow cover or basin perimeter bedrock hosted uranium mineralization that is projected to be less expensive and faster to find, delineate and develop than other targets in the Athabasca Basin. These additional claims expand Takara's coverage in this accessible known uranium-bearing region.

Takara has the right to earn a 50% interest in the Property by issuing 1,500,000 common shares to Lakeland on the closing date of the transaction and by spending $100,000 on exploration on the property and by issuing an additional 250,000 shares by June 1, 2015. The property is subject to a 1.5% NSR to the original vendor. The purchase option agreement is subject to Exchange approval.

Qualified Person

The disclosure of a scientific or technical nature contained in this news release was prepared by William Kerr, P.Geo., Takara's Vice President Exploration and Corporate Development, who is a Qualified Person in accordance with the requirements of NI 43-101.

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Statement Regarding Forward Looking Information

Certain information contained in this news release, including any information relating to the proposed transaction and Takara's future financial or operating performance may be deemed "forward-looking". These statements relate to future events or future performance and reflect Takara's expectations regarding the transaction, and the future growth, results of exploration, business prospects and opportunities of Takara. These forward-looking statements are subject to a variety of risks and uncertainties that are identified and disclosed. Although Takara believes that the forward-looking information contained in this news release are based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Takara expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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