Received by email:

File: troNov142016nrv3.docx

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

 
/

 
 


Taranis Outlines Multiple Layers Assaying up to 628.4 g/t Silver Equivalent Over 2.50m in Transitional Area Between Gr
--->eat Northern Zone and Broadview Mine

Lakewood, Colorado, November 14, 2016 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce further
---> results from its 2016 exploration program at its Thor project in southeast British Columbia. The results outlined in 
--->this News Release pertain to an area that is located on the southeast end of the Great Northern Zone, transitional int
--->o the Broadview Mine located 460 m to the southeast of the drill hole. This area had received almost no drilling prior
---> to 2016.  Drilling planned for 2017 will attempt to connect these two deposit areas and is expected to add substantia
--->l tonnage to the existing Resource.

Drill Hole Thor-177

Drill hole Thor-177 was drilled in an area that is transitional between the Great Northern Zone and the Broadview Mine
---> area. This intercept is particularly noteworthy in that it intersected three zones that may in fact be the same zone 
--->folded into a tight, recumbent 'S-shaped' fold structure. This leads to a pronounced right handed shift of the zones i
--->n this area, and it now appears that the Great Northern Zone and Broadview Zones are in fact the same zones.

The following table outlines the three zones intersected in this drill hole.

Drill Hole & Zone
 From (m)
 To (m)
 Interval (m)
 Silver (g/t)
 Gold (g/t)
 Copper (%)
 Lead (%)
 Zinc (%)
 Silver Equivalent (g/t)
 
 Thor-177
GN-Upper
 30.57
 33.83
 3.26
 129.0
 0.53
 0.17
 4.64
 3.31
 428.9
 
 Thor-177
GN-Middle
 54.89
 57.39
 2.50
 400.8
 0.55
 0.13
 2.38
 3.19
 628.4
 
 Thor-177
GN-Lower
 62.09
 64.34
 2.25
 77.1
 0.28
 0.07
 2.31
 5.29
 352.5
 
 
Drill Hole Thor-179

Drill hole Thor-179 was drilled 60 m to the northeast of Thor-175, and shows that the mineralized zone dips much steep
--->er in this area to the northeast (600). This area represents the down-dip extension of drill hole Thor-175 that inters
--->ected three zones grading 141.6 g/t AgEq/4.42 m, 195.2 g/t AgEq/25.6m, and 406.7 g/t AgEq/9.14 m.

Drill Hole & Zone
 From (m)
 To (m)
 Interval (m)
 Silver (g/t)
 Gold (g/t)
 Copper (%)
 Lead (%)
 Zinc (%)
 Silver Equivalent (g/t)
 
 Thor-179
GN -Upper?
 117.44
 120.91
 3.47
 72.0
 0.33
 0.07
 0.68
 2.02
 189.6
 
 Thor-179
GN-Middle?
 139.99
 143.32
 3.33
 32.1
 0.42
 0.03
 0.03
 0.20
 70.4
 
 
 
Discussion of Results

It is not known how the historic Broadview Mine area is connected to the high-grade Great Northern Zone. Drill holes T
--->hor-177 & 179 have identified a tight fold in this area that has repeated the same mineralized horizon three times. Ad
--->ditional drilling will be required to accurately define the fold structure.

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., Zinc $1.05/lb. and Coppe
--->r $2.10/lb. All amounts are in US$. Recoveries are not factored into the calculation of the AgEq values. Additional in
--->formation concerning the use of AgEq is available at the website www.taranisresources.com.
About Taranis Resources Inc.

Taranis currently has 51,766,116 shares issued and outstanding (60,066,116 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.




File: tardisltrnov142016.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
 November 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