Mr. John Gardiner reports

TARANIS RESOURCES INC. EXPANDS ON GOLD MINERALIZATION AT THOR PROJECT, BRITISH COLUMBIA

Taranis Resources Inc. has provided an update on the exploration of a number of gold occurrences peripheral to the Thor National Instrument 43-101 silver-lead-zinc-gold resource.

Exploration to date has included the mechanical excavation, geological mapping and sampling of a number of gold occurrences that are related to the existing sulphide deposits. At Thor, there are three sulphide deposits, which are known (from south to north) as the Broadview, Great Northern and True Fissure, that constitute the bulk of the resource. It is now known that each one of these sulphide deposits tapers at the north-northwest end into continuous structurally controlled gold deposits.

At the True Fissure deposit, the drilled-out sulphide deposit grades northerly and up dip into what is now referred to as the True Fissure gold zone. This zone is at least 420 metres in strike length and is exposed for 240 metres down dip on the flank of Great Northern Mountain. The True Fissure gold zone includes the high-grade SIF, SIF South, SIF Carbon and SIF West zones, and it also includes the Scab zone.

At the Great Northern deposit, visible gold was discovered in a newly excavated quartz vein that yielded grab values up to three grams per tonne gold and highly anomalous gold in soil samples. This is now known to be the north-northwest continuation of the Great Northern zone. Excavation 192 metres south-southeast of this outcrop has exposed an outcrop that is highly enriched in quartz, pyrite and galena, and that appears to be transitional between the main Great Northern sulphide zone and the gold-rich extension to the north-northwest now referred to as the Great Northern gold zone.

At the Broadview deposit, it is now believed that a high-grade gold occurrence in float (gold pit) occurs at the north-northwest terminus of the Broadview sulphide deposit. Mechanical excavation of this target will begin within the next few days.

Taranis geologists have taken 114 samples this summer; 47 panel samples have been taken from the expanded high-grade SIF occurrence and will be analyzed by metallic sieve analysis. Additional occurrences of visible gold were noted west and south of the existing deposit. Sixty-seven surface grab samples have been taken in areas that have been excavated within the True Fissure gold zone and the Broadview gold zone and will be used to gain further insight into the geological controls of gold mineralization within these areas.

John Gardiner, president and chief executive officer of Taranis Resources, stated: "We are eager to build a gold deposit adjacent to the exiting silver-lead-zinc resource at Thor. There has not been a single drill hole completed on any of the gold targets despite the growing evidence for a sizable gold resource on the property. The summer 2014 exploration program is providing valuable geological information that now provides a solid context for the existence of zones peripheral to the existing NI 43-101 resource completed by Roscoe Postle in June of 2013 on the sulphide deposit."

Taranis also announces, further to its news release dated Feb. 27, 2014, that its board of directors has decided not to seek shareholder approval for a change in its capital structure. Taranis anticipates holding its 2014 annual general meeting in October, 2014; further information in this regard will be disseminated once the specific date for said meeting has been determined.

We seek Safe Harbor.