Mr. John Gardiner reports

TARANIS SAMPLES 30.59 G/T AU OVER 17.55 M AT SIF IN PANEL SAMPLING AT THOR DEPOSIT

Taranis Resources Inc. has released results from continuing exploration at its 100-per-cent-owned Thor silver-gold-lead-zinc deposit located eight kilometres north of Trout Lake, B.C.

SIF zone

Taranis previously outlined high-grade quartz-gold occurrences in the SIF zone (see Taranis news release dated Sept. 19, 2013), and recent excavation of the outcrop has extended the gold-bearing zone to the northwest, west and south. A total of 15 lines has been sampled, perpendicular to the strike of the anticline feature and spaced 2.0 metres apart, and has now demonstrated continuous gold mineralization over a strike length of 30 metres.

The attached table shows the panel sample results for the SIF zone, arranged in order from south to north.

Line   Gold grade    Width
             (g/t)      (m)

19           0.91     4.00
20           3.76     5.30
1            9.92     6.00
2           10.70     9.00
3           25.41    10.50
4           13.66    12.00
5           35.64    13.50
6           30.59    17.55
7            6.81    12.00
8           10.95    11.65
9           11.72    10.90
10          15.39    11.20
11          23.45     9.60
12          20.57     4.00
13           3.69     2.70

Simple average grade: 
14.88 grams per tonne

A total of 14 EW-core holes has been drilled into the SIF zone, and all of the holes have intersected quartz veining. Results of these drill holes will be made available in the near future. Taranis has also completed transit-level, differential surveying and specific gravity measurements that will enable the SIF zone to be categorized as a National Instrument 43-101-compliant resource.

Quality control and analytical procedures

Samples were analyzed by Acme Labs in Vancouver, Canada. The samples were prepared using method M150 that produces two size fractions for analysis (one plus-150 mesh and the other minus-150 mesh; 150 mesh corresponds to approximately 0.105 millimetre). The plus fraction is analyzed in its entirety with gravimetric finish and is reported as plus Au. The minus fraction is analyzed by fire assay with AA (atomic absorption) finish and is reported as minus Au. Minus Au fractions that exceed 10 parts per million Au are reanalyzed using a 30-gram fire assay.

All of the sampling and gold determinations are subject to a rigorous quality control program that includes the placement of standards and blanks, a minimum of every 10th sample. WCM Minerals of Burnaby, B.C., has been engaged to supply the quality control materials for the Thor project.

Qualified person(s)

Exploration activities at Thor were overseen by John Gardiner, PGeol, and James Helgeson, PGeo, each of whom is a qualified person under the meaning of Canadian National Instrument 43-101.

We seek Safe Harbor.