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FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado 
80228-5421
www.taranisresources.com

 
/

 
 Taranis Completes Metallurgical Work at Thor Deposit on Gold and Sulphide Zones

Lakewood, Colorado, March 31, 2014 - Taranis ("Taranis") [TSX.V: TRO] has completed a preliminary metallurgical assess
--->ment on samples from the Thor Project located near Trout Lake, British Columbia. The metallurgical tests were conducte
--->d by ALS Metallurgy-Kamloops on two separate portions of the deposit including the main historic sulphide deposit cont
--->aining silver, lead, zinc, gold and copper and the new Gold Zone known as SIF. ALS has also completed Acid-Base Assess
--->ment labwork of the ore that help characterize the ores and the associated waste products.

The Gold Zone

There is a considerable amount of outcropping gold mineralization in an area located immediately west of the known sul
--->phide deposit that has not been outlined in the existing NI 43-10 Resource, and it is contained almost entirely within
---> quartz-bearing zones. A 117.7 kg composite sample was collected from the SIF gold occurrence and served as the bulk m
--->etallurgical sample for the Gold Zone. The head grade was identical to that sampled during the Taranis panel sampling 
--->program in summer 2013:

Head Grade for the Gold Zone Metallurgical Sample
 
 S(%)
 Fe(%)
 Au(g/t)
 
 0.04
 1.07
 15.5
 
 
Three separate processes to extract gold from the sample were tested: gravity concentration, flotation and cyanide lea
--->ching.  Gravity recovery in the Gold Zone using a Knelson concentrator yielded 83% gold recovery to a concentrate grad
--->ing 715g/tonne gold. Similarly, flotation recovered 97% gold from the feed to a concentrate grading 219 g/tonne gold. 
--->Cyanide leaching showed recoveries of 93% after 6 hours and 98% after 24 hours (ore ground to a nominal 67m K8
--->0 for all tests).  The positive results from flotation gravity and flotation process are encouraging as these processe
--->s are low cost and have less environmental impact when compared to cyanide leaching.

The Sulfide (Silver-Lead-Zinc) Zone

Representative drill core from eighteen different drill holes were taken from the deposit at Thor and used for the met
--->allurgical testing of the Sulphide Zone. The head grade for the metallurgical sample analyzed by ALS is shown in the f
--->ollowing table:

Head Grade for the Sulfide Zone Metallurgical Sample
 
 Cu (%)
 Pb(%)
 Zn(%)
 Fe(%)
 S(%)
 Ag (g/t)
 Au (g/t)
 Total Organic Carbon (%)
 
 0.15
 3.29
 4.38
 15.2
 10.8
 206
 1.36
 0.34
 
 
This composite metallurgical sample was very close to the actual average grade of the deposit. The NI 43-101 for the S
--->ulphide Zone outlined the following Resource (for more details, see the Taranis News Release dated June 20, 2013) of w
--->hich about 70% is potentially open-pittable.

Summary of RPA Inc. NI 43-101 Resource Estimate at Thor, June 2013
 
 Category
 Tonnes
 Au(g/t)
 Ag(g/t)
 Cu(%)
 Pb(%)
 Zn(%)
 
 Indicated
 640,000
 0.88
 187
 0.14
 2.51
 3.51
 
 Inferred
 424,000
 0.98
 176
 0.14
 2.26
 3.20
 
 
Rougher and cleaner tests were performed on the Sulphide Zone and utilized a conventional bulk lead flotation followed
---> by a zinc flotation circuit, (ore ground to a nominal 97m K80.) A limited number of optimization tests were p
--->erformed, the best test results were from batch cleaner test 11.  The bulk concentrate from test 11 had the following 
--->grades and recoveries:


 Recoveries in Bulk Lead Concentrate
 
 Metal
 Grade (% or g/tonne)
 Recovery (%)
 
 Lead
 51
 86
 
 Silver
 2,620
 65
 
 Gold
 13
 56
 
 Zinc
 8
 10
 
 Copper
 1.4
 45
 
 		
Note:  Gold and silver grade are in g/tonne, all others are in percent.

The zinc concentrate that had the following grades and recoveries:


 Recoveries in Bulk Zinc Concentrate
 
 Metal
 Grade (% or g/tonne)
 Recovery (%)
 
 Lead
 1.6
 3
 
 Silver
 205
 5
 
 Gold
 0.9
 4
 
 Zinc
 58
 65
 
 Copper
 0.4
 11
 
 Note:  Gold and silver grades are in g/tonne, all others are in percent.
The silver and gold reporting to the bulk concentrate is an ideal situation to maximize the pay-back of the precious m
--->etals in the Sulphide Zone. The copper content is not of sufficient tenor at this time to warrant recovery.  It is imp
--->ortant to note that the results are based on batch test results.  There is considerable potential to increase the meta
--->l recovery of zinc to the zinc concentrate by further reagent optimization and conducting closed circuit locked cycle 
--->tests.
General Comments

The metallurgical work completed at Thor is part of a larger 5 phase plan designed to permit and develop the Thor depo
--->sit (Taranis News Release Dec 11, 2013). Taranis has also applied for a Special Use Permit for the main access road to
---> the property.

The next stage in the plan is the delineation of surface Gold Zone estimated to be 24,393 m2 in area lying immediately
---> west of the Sulphide Zone. Taranis is confident that it can build an NI 43-101 compliant gold Resource occurs in this
---> vicinity. Panel sampling on isolated outcrop areas have obtained results including 21.25 g/t Au over 11.45 m (Taranis
---> News Release, September 19th, 2013), and has also yielded widespread gold values in surface grab sampling.
 
About ALS Metallurgical

ALS Metallurgy is part of the ALS Group, a diversified and global analytical laboratory and testing services company. 
--->ALS Metallurgy is the global leader in metallurgical testing and consulting services for mineral process flowsheet dev
--->elopment and optimisation. Extensive bench scale laboratory, large scale pilot plant facilities and expert metallurgis
--->ts, provide mineral processing, hydrometallurgical, mineralogical and in-plant services to the global resources commun
--->ity. ALS metallurgical solutions are internationally recognised by the mining, engineering and financial sectors. ALS 
--->Metallurgy has an enviable reputation for delivering the highest quality extractive metallurgical testing service with
---> accurate and timely data, expert support and a culture of safety and innovation.
About Taranis Resources Inc.

Taranis currently has 42,124,989 shares issued and outstanding (56,371,657 shares on a fully-diluted basis).

Qualified Person

The collection of the metallurgical samples at Thor was overseen by John Gardiner (P.Geol.), a Qualified Person under 
--->the meaning of Canadian National Instrument NI 43-101.

TARANIS RESOURCES INC.
Per:	John J. Gardiner (P. Geol.),
President and CEO
For further information contact:

John Gardiner
14247 West Iliff Avenue Lakewood, Colorado 
Phone: (303) 716-5922
Cell: (720) 209-3049
johnjgardiner@earthlink.net
 George Kent
Suite 1406, 130 Carlton Street
Toronto, Ontario
Phone: (416) 323-0783
Cell: (416) 697-0783
georgerkent@sympatico.ca

 
 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding fu
--->ture events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results m
--->ay differ materially from expected results.


File: tardisltrmarch312014.doc

TUPPER JONSSON & YEADON
BARRISTERS & SOLICITORS
An Association of Lawyers and law corporations
CARL R. JONSSON*		  LEE S. TUPPER*							        1710 - 1177 West hastings street
GLENN R. YEADON*	  	   PAMELA  JOE			                                                                                 
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JEFFREY T. K. FRASER*			   					                                                                                      
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	REPLY ATTENTION OF:	GLENN R. YEADON		
	OUR FILE:			46422
 March 31, 2014	BY EMAIL

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 Dear Sirs:

RE	TARANIS RESOURCES INC.

We are the solicitors for the above-mentioned company, and are enclosing a copy of its News Release of even date, whic
--->h we would ask that you disseminate pursuant to the TSX Venture Exchange's requirements, as well as for distribution i
--->n the normal fashion.  (Please note that we will be handling the SEDAR filing of this News Release.)

Yours very truly,

TUPPER JONSSON & YEADON

	"Glenn R. Yeadon"
				
Glenn R. Yeadon
GRY/ss
Enclosure

c:	Taranis Resources Inc. - via email
	Attention:  John J. Gardiner, President
	George Kent - via email
	TSX Venture Exchange - via SEDAR
	British Columbia Securities Commission - via SEDAR
	Alberta Securities Commission - via SEDAR
	Ontario Securities Commission - via SEDAR