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File: troaug12017nr.docx

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

 
/

 
 

Taranis Initiates Gravity Concentration Metallurgical Work on Main Deposit at Thor

Lakewood, Colorado, August 1, 2017 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to update exploration 
--->activity related to its 100%-owned Thor project.

Gravity Concentration Metallurgical Study

Taranis has initiated a series of metallurgical tests that are designed to evaluate processing the main Ag-Au-Pb-Zn-Cu
---> deposit at Thor. Gravity concentration is the separation of minerals based on differences in specific gravity. A grav
--->ity concentration process is designed to recover very high grades of valuable ore material into very small masses, and
---> is deemed to be useful at Thor since virtually all metal of value is contained within minerals having high specific g
--->ravity.

The resurgence of gravity concentration has come about due to its simplicity and low environmental impact. The tests a
--->re designed to produce optimal liberation of mineral at the coarsest particle size reducing energy expenditure in prod
--->ucing the concentrate. The initial tests are being completed on material from two stockpiles at Thor. The largest of t
--->hese is the True Fissure stockpile and the smaller, but higher-grade stockpile located at the Broadview Mine. Taranis 
--->has completed its own tonnage and grade estimates of these stockpiles.

John Gardiner, President and CEO states "Processing the stockpiles is the next logical step to becoming cash positive 
--->at Thor with minimal dilution to the existing shareholders, although a significant amount of work will be required to 
--->permit such an operation. Successful gravity concentration tests would:

Serve as a test case for processing the much larger in situ NI-43-101 Resource.
Minimize the environmental impact of the stockpiles by removing acid-generating minerals from the property.
Pre-concentration would drastically reduce the ore volume that reports to intensive downstream processing.
Minimize capital cost and maximize financial return of any mining operation eliminating the need for costly flotation 
--->infrastructure, using only a gravity processing plant.

The main sulphide deposit  is the principal  focus of our current work program at Thor, and holds the long-term value 
--->for the company. These tests will enable Taranis to get a better understanding of what processing options are availabl
--->e".

Qualified Persons

John Gardiner (P.Geol.) is the Qualified Person on the Thor Project, and supervised the preparation and scientific and
---> technical disclosure in this News Release.
About Taranis Resources Inc.

Taranis is an exploration company focused on the development of its 100%-owned Thor project in southeast British Colum
--->bia. The company's mandate is to recognize mineral deposits early in the exploration cycle that can be developed throu
--->gh intelligent exploration and business alliances. For additional information on Taranis or its Thor project, please v
--->isit our website at www.taranisresources.com.

Taranis currently has 55,451,716 shares issued and outstanding (62,626,716 shares on a fully-diluted basis).

TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
For further information contact:

John J. 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: aug12017ltr.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
 
August 1, 2017 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
eric.kacz@equities.com
 TSX Venture Exchange - via SEDAR
 British Columbia Securities Commission - via SEDAR
 Alberta Securities Commission - via SEDAR
 Ontario Securities Commission - via SEDAR