Mr. John Gardiner reports

TARANIS ENGAGES NORWEST CORPORATION TO OVERSEE CLOSURE OF SIF TAILINGS SITE

Taranis Resources Inc. has provided an update on exploration activity related to its 100-per-cent-owned Thor project.

SIF bulk sample

Taranis has engaged Norwest Corp. to complete the closure and remediation of the tailings pond associated with the processing of high-grade ore from the SIF zone through the gold pilot plant.

The gold pilot plant has been in near-continual operation since July 16, 2017, and is designed to evaluate the grade and recovery of gold at Thor. Met-Solve Laboratories is currently running test samples to optimize gold recovery from the superconcentrate and concentrate products derived from the shaker table. A total of 89 kilograms of superconcentrate and 377 kilograms of concentrate have been recovered from the processing to date.

The processing plant was manufactured by Mt. Baker Mining and Metals of Bellingham, Wash., and will be disassembled and removed from the mine site after reclamation of the tailings facility.

Qualified person

John Gardiner, PGeol, is the qualified person on the Thor project and supervised the preparation of the scientific and technical disclosure in this news release.

About Taranis Resources Inc.

Taranis is an exploration company focused on the development of its 100-per-cent-owned Thor project in southeast British Columbia. The company's mandate is to recognize mineral deposits early in the exploration cycle that can be developed through intelligent exploration and business alliances.

We seek Safe Harbor.