Takara Announces Name Change to Castle Silver Resources

The Company is not subdividing, consolidating or otherwise altering its share capital in association with the name change.

Takara Resources Inc. (“Takara” or the “Company”) (TSX.V: TKK) is pleased to announce it plans to effect its change of name to Castle Silver Resources Inc. to better reflect the direction of the Company. The TSX Venture Exchange has confirmed that the shares will commence trading effective, Monday, November 28, 2016 under the new name and ticker symbol “CSR”.

The change of name from Takara Resources Inc. to Castle Silver Resources Inc. was previously approved by the Company’s board of directors and the shareholders of the Company at its Annual General and Special Meeting held on December 18, 2015. The Company is not subdividing, consolidating or otherwise altering its share capital in association with the name change. The Company also plans to launch a new corporate website in the near future.

About Takara Resources

Takara Resources Inc. is a junior natural resource company focusing on the exploration and development of its high‐grade Castle Silver Mine in Gowganda, Ontario and its former producing silver properties in Cobalt, Ontario. The Castle Silver camp features structures, water, year round road access and diesel generated power. Additional information on the Company’s properties is available at the Company’s website at www.takararesources.com and filed at www.SEDAR.com.

“Frank J. Basa” Frank J. Basa P. Eng. President and Chief Executive Officer For further information contact: Frank J. Basa, P. Eng., President and CEO at 1‐819‐797‐4144

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward‐looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward‐looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.