Mr. John Gardiner reports

TARANIS DEMANDS BC GOVERNMENT ACTION ON PERMIT APPLICATION

Taranis Resources Inc. has had its legal counsel write to Josie Osborne, British Columbia Minister of Energy, Mines and Low Carbon Innovation (EMLI), demanding action on an exploration permit application that was submitted to the Cranbrook regional office nearly a year ago.

The permit application addresses a number of drill sites and roads that must be constructed at the Thor project in order to test for the presence of a large intrusive target, which was outlined by an airborne geophysical survey in early May, 2022.

In a joint announcement with the Association for Mineral Exploration British Columbia on Aug. 15, 2022, EMLI committed to improvements in processing of such applications. Yet, despite these promises, Taranis's application remains outstanding.

"Taranis has made every reasonable effort to engage in good faith and be responsive. Now we call upon the minister to ensure appropriate action is taken by the ministry staff," said president and chief executive officer John Gardiner. "The Supreme Court of Canada has been clear that the Crown's duty to consult does not provide a veto and government must respect third parties rights, as well as indigenous interests."

Mr. Gardiner added, "We have many U.S. investors that are watching this matter closely and we urge the government to take steps that enhance investor confidence in British Columbia."

Qualified person

Exploration activities at the Thor project were overseen by Mr. Gardiner (PGeo), who is a qualified person under the meaning of Canadian National Instrument 43-101. Mr. Gardiner is responsible for and approves of the technical content in this news release.

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