Received by email:

File: tro_Feb_04_2016nrV2.doc

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

 
 

 
 
Taranis Exploration to Target +2.5 Mt at Thor Project

Lakewood, Colorado, February 04, 2016 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to provide an updat
--->e to its shareholders on its 100%-owned Thor Project located northeast of Trout Lake, British Columbia.

Taranis has taken the existing database of almost 200 drill holes, underground channel sampling, surface trench sampli
--->ng, geological mapping and exploration surveys and loaded the data into Geosoft Target. Prior to Taranis acquiring the
---> project in 2007, the deposit had no Resource and during the years 2007/2008, portions of the project were subjected t
--->o grid drilling in order to complete a Maiden Resource Estimate (Roscoe Postle Associates, 2014).

The purpose of the recently completed study was to identify and target new areas of mineralization that can be added t
--->o the existing NI 43-101 Resource Model by continued drilling. Deep penetrating EM-37 surveys, ground magnetics, VLF a
--->nd soil/rock sampling were integrated into the 3D-modeling to provide additional insight into defining other zones tha
--->t could potentially add to the existing tonnage. These targets include areas peripheral to existing zones targets (i.e
--->. Scab Zone), new zones (i.e. Gold Pit) and previously unknown targets (i.e. Western Deeps). Taranis has compiled an o
--->verview of each of these targets on its website at www.taranisresources.com. 

At Thor, high-grade, stratabound precious and base metal mineralization is found predominately on the east limb of the
---> Thor Anticline, but also occurs on the west limb where there has been no drilling. Upwards of 70% of the existing Res
--->ource at Thor is near-surface, and potentially open-pittable. Many mineralized zones remain untested at Thor owing to 
--->the rugged topography and specialized nature of drilling equipment required to test these areas, and also due to the l
--->ack of drilling completed since 2008.

John Gardiner, President and CEO of Taranis states "It is imperative that Taranis continue to enlarge the Thor Ag-Au-P
--->b-Zn-Cu deposit to a point where it reaches a 'critical mass'. Taranis has had a third party engineering group model t
--->he potential tonnage scenarios at Thor that provides valuable exploration guidance from an economic/ financial perspec
--->tive. This study shows that it is beneficial to try and enhance the size of the deposit with further drilling to a lev
--->el beyond 2.5 Mt. Our modeling has shown this target to be an attainable goal, but it can only be realized through con
--->tinued systematic drilling".

Qualified Person - Exploration activity at Thor is overseen by John Gardiner (P. Geol.), who is a Qualified Person und
--->er the meaning of Canadian National Instrument 43-101.
 About Taranis Resources Inc.

Taranis currently has 46,866,116 shares issued and outstanding (51,491,116 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
 
 
 
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: tardisltrfeb42016.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
 February 4, 2016 BY EMAIL


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

 
 
 Market News Publishing, Inc.
Vancouver, B.C. 
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
 TSX Venture Exchange - via SEDAR
 British Columbia Securities Commission - via SEDAR
 Alberta Securities Commission - via SEDAR
 Ontario Securities Commission - via SEDAR