Received by email:

File: tro_October_15_2014nrv3.doc

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

 
 

 
 
Taranis Resources Inc. Completes Delineation Drilling, Sampling, and Gravity Testing of Gold-Rich Portion of Thor Depo
--->sit

Lakewood, Colorado, October 15th, 2014 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to provide a summa
--->ry of exploration activities completed on the Thor deposit located near the town of Trout Lake, British Columbia. Meta
--->l Mining Consultants, Inc. ("MMCI") of Highlands Ranch, Colorado has been engaged to oversee the Independent NI 43-101
---> verification of the gold zones at Thor, as well as the surface stockpiles. MMCI conducted a site visit in August of 2
--->014.

Gold Exploration - Exploration included 29 shallow diamond drill holes, trenching, surface stockpile sampling and geol
--->ogical mapping aimed at expanding the known NI 43-101 Resource. Drilling was focused on two high-grade gold areas know
--->n as the SIF and SIF-Carbon zones believed to form part of a much larger gold deposit that is peripheral to the existi
--->ng Roscoe Postle Associates ("RPA") NI 43-101 Resource released in June of 2013. The current NI 43-101 Resource at Tho
--->r is 640,000 tonnes Indicated at 0.88 g/t Au, 187 g/t Ag, 0.14% Cu, 2.51 % Pb and 3.51% Zn plus 424,000 tonnes at 0.98
---> g/t Au, 176 g/t Ag, 0.14 % Cu, 2.26% Pb and 3.20% Zn.

Taranis completed the 2014 exploration work at Thor with the successful gravity processing of two metallurgical sample
--->s from the SIF and SIF Carbon zones. Gold at SIF shows gravity recoveries of at least 75% with both coarse and fine na
--->tive gold reporting to the shaker table concentrate. Gold recovery at SIF Carbon is dependant on gravity separation of
---> pyrite, and investigations are ongoing as to the gold grade recovered in the pyrite concentrate.

Both SIF and SIF Carbon are prospective bulk sampling targets, and are geologically related to the much larger, unexpl
--->ored (200 by 150 m) Scab Zone that occurs in the center of the Thor deposit.

Stockpile Sampling - Numerous sources of high-grade material have been stockpiled at surface at Thor since the early 1
--->900's, and include the Broadview, Great Northern and True Fissure stockpiles. In 2013, RPA completed an internal revie
--->w of the stockpiles, including cash flow analyses of their extraction and processing. At the time, the stockpiles were
---> not sampled subject to rigorous NI 43-101 standards and the results cannot be publicly disclosed. In the summer of 20
--->14, Taranis systematically surveyed the stockpiles to assess the volume and trenched them to NI 43-101 standards. In c
--->ontrast to the gold-bearing SIF and SIF Carbon Zones, these dumps will require flotation processing and show excellent
---> recoveries as outlined in the 2013 ALS metallurgical study.

Overview - John Gardiner, President and CEO of Taranis states "Results from both the gold exploration and stockpile sa
--->mpling will be made available as the analytical results are received, evaluated, and subjected to strict quality contr
--->ol measures. We are very excited about the possibility of bulk sampling the SIF and SIF Carbon Zones in 2015, and Tara
--->nis has sourced a gravity plant that is capable of processing a 10,000 tonne bulk sample from these two high-grade gol
--->d portions of the Thor deposit. There is excellent potential to create immediate cash-flow from the processing of thes
--->e high-grade gold zones, and also help fund the development of a much larger mine at Thor without subjecting the compa
--->ny to share dilution.  The funds from this smaller mining operation would then be used for the acquisition of resource
--->s necessary to enable commercial mining of the much larger sulphide deposit. Successful permitting of this operation r
--->equires an in-depth knowledge of the geology, Resource and environmental characteristics of the gold-rich deposit and 
--->this was fulfilled in the 2014 exploration program. Taranis is looking at a number of options for the processing of th
--->e material on-site, but all would utilize the excellent road infrastructure and pre-existing mill site, and could also
---> make use of underground tailing disposal options that already exist on the property."

Qualified Person(s) - Exploration activities at Thor were overseen by John Gardiner (P. Geol.) and James Helgeson (P. 
--->Geo.), each of whom is a Qualified Person under the meaning of Canadian National Instrument 43-101.
About Taranis Resources Inc.

Taranis currently has 43,474,989 shares issued and outstanding (55,379,989 shares on a fully-diluted basis).

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: tardisltroct152014.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                                                                                    
--->               Vancouver, b.c., canada
JEFFREY T. K. FRASER*                                                                                                 
--->         V6E 2L3
Tel: (604) 683-9262 Local 118
Direct Line: (604) 640-6355
Fax: (604) 681-0139
Email yeadon@securitieslaw.bc.ca
 REPLY ATTENTION OF: GLENN R. YEADON  
 OUR FILE:   46422
 
October 15, 2014 BY EMAIL


Canada Stockwatch
Vancouver, B.C. 
By Email: to news@stockwatch.com

 
 
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By Email: to news@baystreet.com

 
 
 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