Mr. John Gardiner reports

TARANIS ACQUIRES 840 HECTARE SAMBO PROPERTY ADJACENT TO THOR PROJECT

Taranis Resources Inc. has acquired 100-per-cent ownership of a prospective property for large silver-gold-lead-zinc-copper deposits that adjoins the Thor project in southeast British Columbia. The Sambo property was acquired after identification and analyses of a volcanic-sedimentary dome complex (VDC) on its 100-per-cent-owned Thor project that is intimately related with the known silver-gold-lead-zinc-copper deposit. Taranis believes that Sambo could host a continuation of the VDC found at Thor.

At Thor, stratabound massive sulphide mineralization occurs in multiple layers along the west side of the VDC that is known to extend for upward of two kilometres. The thickness of the VDC ranges from upward of 400 metres in the centre of the property to only several metres in thickness and is spatially related to almost all the Thor lodes. In 2016, Taranis drilled several deep holes on the west side of the VDC and discovered new zones underneath and parallel to the existing Great Northern zone. It is expected that there are even more zones underlying the ones found in 2016 that remain to be tested with deep diamond drill holes. This is one of several areas that Taranis will explore further in 2017 to delineate more tonnage at Thor.

John Gardiner, chief executive officer of Taranis Resources, remarked: "Taranis has made progress understanding the geology at Thor, and we are now using that knowledge to identify areas that have the potential to add major tonnage to our resource base, both within and outside of the historic property. The area around Trout Lake was identified as a major silver district in the late 1800s (Silver Cup mining district), but the geology remains poorly understood. In the early 1980s, Westmin Resources Ltd. conducted exploration on several projects in the area. Since that time, Taranis has completed upwards of 200 diamond drill holes defining the maiden NI 43-101 resource at Thor. In 2007, Taranis purchased Westmin's geological data for the area, and, in conjunction with our knowledge base at Thor, that has proven to be a useful springboard in outlining prospective targets in the area."

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