Received by email:

File: troJanuary_19_2017nrv4.docx

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

 
/

 
 

Taranis Provides Update on Gold Pilot Plant Metallurgy and Permitting of Phase 2 Bulk Mining at Thor

Lakewood, Colorado, January 19, 2018 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to update activity r
--->elated to its 100%-owned Thor project.

Gold Metallurgical Processing & SIF Extension Target at Thor

Met-Solve Laboratories Inc. has provided initial metallurgical results on the 2017 gold table concentrates from the SI
--->F pilot gold plant. The main objective of the work is to characterize the concentrates including the size, grade and r
--->ecoveries using a variety of metallurgical processing methods that include sieving, retabling and magnetic separation 
--->of the products. The flowsheet processing is ongoing.

600 tonnes of gold-bearing ore were processed from the SIF outcrop. Global mass balance in conjunction with daily samp
--->ling of the tails and middlings from the shaker table, are being used to ascertain the precise gold content of the 600
--->-tonne bulk sample. Further data is posted on the Taranis website at www.taranisresource.com

Some of the preliminary findings include:

There is no silver, lead, zinc or copper associated with the gold mineralization, despite the gold-bearing zone being 
--->located on the same geological contact as the main Thor Ag-Au-Pb-Zn-Cu deposit, it is metallurgically very distinct.
Similar concentrations of gold were consistently found over the entire 68-day operating period of the gold pilot plant
--->. Gold is not related to erratic cross-cutting structures, and was uniformly disseminated throughout the zone.
The super-concentrate and concentrate products from the table include appreciable tramp iron from the use of a hammer 
--->mill to process the ore. Currently, the company is investigating methods to remove the iron in a cost-effective method
---> to recover the gold.
Gold Zone Exploration

Taranis has filed a Notice of Deemed Authorization to undertake an induced polarization/resistivity survey over the no
--->rthwest extension of the SIF Zone. The SIF-Extension contains high-grade gold (see Taranis NR September 25th, 2017) in
--->cluding 28.79 g/t Au / 3.72 m. Gold occurs within highly resistive rocks including pyroclastic rocks along the Broadvi
--->ew/Sharon Creek Formation.  Geological mapping indicates this area of the property has significant quartz-veining asso
--->ciated with a large fold structure, and potentially hosts a sizeable gold deposit along the stratigraphic horizon that
---> also hosts SIF and the main Thor Ag-Au-Pb-Zn-Cu deposit and the Megagossan prospect 1.0 km to the northwest.

 
Phase II Main Deposit Bulk Sample Permitting

Taranis has initiated contact with the Ministry of Energy and Mines to begin permitting Phase II mining activities at 
--->Thor. The objective will be to extract a bulk sample that is crucial to understand the metallurgy of the main Ag-Au-Pb
--->-Zn-Cu deposit, and formulating smelter contracts. This is viewed as a step toward permitting the mining of the main i
--->n-situ Resource at Thor (Phase III).

Norwest Corporation and Taranis will prepare a detailed project outline that will be presented to the Ministry of Ener
--->gy and Mines and other permitting agencies, and will serve as a starting point for the permitting process. This permit
---> will draw on extensive data collected by Taranis including:

Metallurgy, including ore processing and waste disposal.
Land tenure, including 27 Crown Grant Mining claims.
Mining methods.
Baseline climate data collected over two years.
Ore and waste characterization (acid rock generation and trace element components).
Hydrology and baseline water sampling (commenced in 2017).
Baseline doppler stream flow monitoring (commenced in 2017).
Geology.
Five Year Exploration Permits at Thor's Ridge and Broadview Mine
Taranis has also posted Reclamation Bonds for the exploration permits that enable 2018 exploration drilling on both th
--->e Ridge and Broadview Targets in the amount of $40,300.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geol.) who is a Qualified Person under the meaning o
--->f Canadian National Instrument 43-101.
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 58,785,382 shares issued and outstanding (68,419,048 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: jan192018ltr.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
 
January 19, 2018 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