Mr. John Gardiner reports

TARANIS RESOURCES INC. ANNOUNCES ADDITIONAL PRIVATE PLACEMENT TO FINANCE FURTHER EXPLORATION AT THE THOR PROPERTY IN SOUTHEASTERN BRITISH COLUMBIA

Taranis Resources Inc. has arranged a private placement of up to $200,000, consisting of the sale of up to two million units at a price of 10 cents per unit, each unit comprising 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 10 cents for a period of two years from closing. The proceeds from this private placement, which is subject to regulatory acceptance, will be used to continue diamond drilling on two newly discovered zones in the footwall of the Great Northern zone.

John Gardiner, president and chief executive officer of Taranis, states: "We are aggressively pursuing the delineation of two new zones at Thor that are located below the existing Great Northern deposit. These zones would appear to have major implications for resource definition at Thor because they are basically repetitions of the known deposit. Taranis has now surpassed completing over 200 drill holes at Thor, and much of this has defined a deposit that is almost two kilometres in strike length. There appears to be several expansion opportunities for the resource at Thor, and the continued definition drilling of the two newly discovered zones is one of them that we are aggressively pursuing."

Qualified person

Exploration activity at Thor is overseen by Mr. Gardiner, PGeol, who is a qualified person under the meaning of Canadian National Instrument 43-101.

We seek Safe Harbor.