Mr. John Gardiner erports

TARANIS RESOURCES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Taranis Resources Inc. has closed the private placement originally announced on Dec. 22, 2017. The private placement consisted of the sale of 2,000,333 units at a price of 15 cents per unit, for aggregate subscription proceeds of $300,049.95. Each unit consisted of one flow-through common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional flow-through common share at a price of 15 cents until Dec. 29, 2019. All of the securities issued pursuant to the private placement, including any shares that may be issued pursuant to the exercise of the share purchase warrants, are subject to a hold period in Canada until April 30, 2018.

About Taranis Resources Inc.

Taranis is an exploration and mining company focused on the development of its 100-per-cent-owned Thor project in southeastern British Columbia. In 2017, Taranis undertook a fully permitted mining operation on the property aimed at recovering gold and gaining a better understanding of the newly discovered gold zones at Thor. Taranis is pursuing two parallel and distinct strategies at Thor: One is focused on continuing to mine the deposit in a series of three steps and the other is the continued growth and expansion of the existing deposit.

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