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File: tardisltroct112016.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
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Email yeadon@securitieslaw.bc.ca
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 October 11, 2016 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
 lalli@frontiermcg.com
 TSX Venture Exchange - via SEDAR
 British Columbia Securities Commission - via SEDAR
 Alberta Securities Commission - via SEDAR
 Ontario Securities Commission - via SEDAR


File: troOct11_2016nrv3.docx

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

 
/

 
 


Taranis Cuts 9.05 m of 459 g/t Silver Equivalent in Thor-176

Lakewood, Colorado, October 11, 2016 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce further 
--->results from its 2016 Phase 1 drilling program. Thor-176 was completed 20 m northwest of drill hole Thor-175 that inte
--->rsected 9.14 m of 407 g/t Silver Equivalent (See Taranis News Release dated October 3rd, 2016).

Drill Hole Thor-176

The following table shows the results from drill hole Thor-176 (-900), and intersected the zones normal to the dip of 
--->the zones and approximate true thickness. There are two mineralized intervals, one from 34.90-43.95m, and a lower grad
--->e interval from 49.90-60.96m. The first interval includes the highest base metal content ever drilled at Thor, and inc
--->ludes 1.50m of 41.54% combined Cu+Pb+Zn, 3.28 g/t gold and 494.4 g/t silver.

Hole No. & Zone
 From (m)
 To (m)
 Interval (m)
 Silver (g/t)
 Gold (g/t)
 Cu (%)
 Lead (%)
 Zinc (%)
 Silver Equivalent (g/t)
 
 Thor-176 (GN Middle)
 34.90
 43.95
 9.05
 97.7
 0.74
 0.16
 3.32
 5.83
 458.8
 
 Includes
 
 Thor-176 (GN Middle)
 35.81
 37.31
 1.50
 494.4
 3.28
 0.82
 16.75
 23.97
 2,099.6
 
 Thor-176 (GN Lower)
 49.90
 60.96
 11.06
 78.8
 0.39
 0.05
 0.85
 0.94
 166.6
 
 
Discussion of Results of Thor-176

Thor-176 can be correlated to a similar grade interval found in drill hole Thor-175. All of the sulfide mineralization
---> accompanies sphalerite, chalcopyrite, tetrahedrite and chalcopyrite. Gold and silver occur in close combination with 
--->the sulfide minerals. This drilling occurs in an area east of the Great Northern deposit that has not been tested prev
--->iously with diamond drilling.

John Gardiner, President and CEO of Taranis states "Thor-176 is just another example of Thor's ability to incrementall
--->y add value to our Thor deposit with continued exploration drilling. There are several other areas on the property tha
--->t remain to be drilled prior to assembling a global Resource, including the Broadview Mine area and the Scab Zone. The
--->se areas are slated to be drilled in summer of 2017 as a prelude to undertaking the second and final NI 43-101 Resourc
--->e estimate at Thor".

Qualified Persons

John Gardiner (P.Geol.) and Jim Helgeson (P.Geo.) are the Qualified Persons on the Thor Project, and supervised the pr
--->eparation and scientific and technical disclosure in this News Release. Samples are taken under the direction of quali
--->fied geologists. Core is sawed on-site and one-half is retained for reference and further analytical work including sp
--->ecific gravity determinations. Samples of the other half are delivered by Taranis via courier to MS Analytical Labs in
---> Langley, British Columbia. MS Analytical Labs is an ISO-9001:2008 certified analytical laboratory.  Taranis inserts s
--->tandards every 10th sample for quality control in addition to the stringent internal checks completed at MS Analytical
--->. Samples are dried, crushed, split and pulverized.  Analysis for silver, copper, lead and zinc and related trace elem
--->ents was done by modified aqua regia digestion with ICP finish, and gold by 30-gram fire assay with ICP finish.

Silver Equivalent (AgEq)

Taranis uses Silver Equivalent ("AgEq") as a means of simplifying the tenor of intercepts at Thor. Thor is primarily a
---> silver deposit, but also contains valuable concentrations of gold, lead, zinc and copper. These metals are converted 
--->to AgEq using the following metal prices; Silver $19.00/Oz., Gold $1,300/Oz., Lead $0.90/lb. and Zinc $1.05/lb. Copper
---> $2.10/lb. All amounts are in US$. Recoveries are not factored into the calculation of the AgEq values. Additional inf
--->ormation concerning the use of AgEq is available at the website www.taranisresources.com.
About Taranis Resources Inc.

Taranis currently has 49,766,116 shares issued and outstanding (56,066,116 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.