Received by email:

File: Taranis_07_14_2016_NR_Ver1.docx

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

 
/

 
 


Taranis Takes Delivery of Gold Processing
Plant for Thor Project & Provides Update on Exploration Drilling

Lakewood, Colorado, July 14, 2016 - Taranis Resources Inc. (the "Company") [TSX.V: TRO] is pleased to announce that it
---> has taken delivery of a turn-key processing plant that was constructed by Mt. Baker Mining and Processing in Bellingh
--->am, Washington that will recover gold from its Thor Project located 8 km northeast of Trout Lake, British Columbia.

As part of a much larger metallurgical study of the Thor deposit, Taranis (2014) completed work on the processing of g
--->old-rich material from the SIF Zone at Thor. A 117.7 kg sample of material was processed in Kamloops by ALS Chemex Met
--->allurgy, and this yielded 83% gold recovery in gravity processing. The bulk sample had a measured 18.0 g/tonne Au cont
--->ent, and was representative of the average grade of the outcrop taken from panel samples.

Taranis has filed operating permits for the plant with the appropriate government agencies, and it will initially proc
--->ess 1,000 tonnes of high-grade gold material from the SIF outcrop. The data collected from the metallurgical sampling 
--->will be reconciled with an In-House Resource Estimate, and will be invaluable in the design of sampling methods for sy
--->stematic drilling of the gold zones at Thor. In addition, the processing is designed to assess the recoveries, particl
--->e size distribution and grade content accurately.

Exploration drilling has commenced on the project with two holes completed around the Gold Pit Target. One of these ho
--->les (Thor-156) has intersected two previously unknown galena-sphalerite bodies located between the Great Northern Zone
---> and the Gold Pit area, in an area that has seen no diamond drilling. Hole Thor-156 also intersected quartz-tetrahedri
--->te mineralization to the north and down-plunge of the Gold Pit outcrop (52.4 g/t Au, 1,542 g/t Ag, 1.39% Pb and 0.08% 
--->Zn over 2.04 m true thickness). This hole is currently being twinned as the hole unexpectedly encountered a sulfide zo
--->ne in the top of the hole.

John Gardiner, CEO of Taranis Resources Inc. comments "Thor is actually two types of mineral deposits rolled into one.
---> The main polymetallic deposit is silver-rich, and has significant gold, lead, zinc and copper components. The outlyin
--->g parts of the deposit were historically never explored, and include much higher gold content. The gold zones are noti
--->ceably depleted in silver and base metal content, and are quartz-rich hosting coarse, visible gold. Not only do the go
--->ld zones occur along the edges of the main sulphide deposit, but they also occur in adjacent lodes that are parallel t
--->o the main sulphide deposit (Gold Pit). Assessing coarse, free gold requires careful consideration, particularly when 
--->the gold grade is estimated using diamond drill core. The processing plant will enable Taranis to design drilling and 
--->sampling programs that will accurately assess and delineate the gold zones at Thor".
 
About Taranis Resources Inc.

Taranis currently has 48,466,116 shares issued and outstanding (55,166,116 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: tardisltrjuly142016.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
 July 14, 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
 lalli@frontiermcg.com
 TSX Venture Exchange - via SEDAR
 British Columbia Securities Commission - via SEDAR
 Alberta Securities Commission - via SEDAR
 Ontario Securities Commission - via SEDAR