Vancouver, British Columbia (July 16, 2020) – Tarachi Gold Corp. (CSE: TRG) (“Tarachi”
or the “Company”) is pleased to announce a non-brokered private placement financing of up to 12,500,000 units at a price of C$0.40 per unit for gross proceeds of up to C$5,000,000. Each unit is comprised of one common share and one-half warrant. Each full warrant will be exercisable to acquire one common share of Tarachi at an exercise price of C$0.70. The warrants will have an expiry date of two years from the date of issue.

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