Clear Creek Resources Ltd. entered into a letter of intent to acquire Ituna Capital Corporation (TSXV:TUN.P) in a reverse merger transaction on January 16, 2014. Under the proposed transaction, each outstanding Clear Creek common share will be exchanged for one common share of Ituna. As consideration, Ituna will issue 11.4 million common shares to Clear Creek shareholders. Upon completion, Ituna's current shareholders will hold 25.4% and Clear Creek shareholders will hold 74.6% of the issued and outstanding shares of the combined entity. The combined entity will be named Tarku Resources Ltd. The proposed Board will include Bernie Kennedy as President and Chief Executive Officer, Glen Diduck as Chief Financial Officer and Timothy Termuende as Chairman of the Board. The transaction is subject to satisfactory due diligence by both parties, the approval of both Ituna and Clear Creek's Board of Directors, Clear Creek shareholder approval, third party approvals, resignations of Directors of Ituna and the receipt of all necessary regulatory approvals and exchange approval and majority of the minority shareholder approval. The transaction is expected to close on or before May 13, 2014. Clear Creek Resources Ltd. entered into an amalgamation agreement to acquire Ituna Capital Corporation (TSXV:TUN.P) in a reverse merger transaction on April 25, 2014.

Stewart L. Lockwood of Vector Law LLP acted as legal advisor for Ituna, Darren B. Fach of McLeod Law LLP acted as legal advisor for Clear Creek. Computershare Trust Company Of Canada acted as registrar and transfer agent of Ituna.