Mr. John Gardiner reports

TARANIS ENGAGES P&E MINING CONSULTANTS INC. TO UPDATE THOR EPITHERMAL MINERAL RESOURCE ESTIMATE INCLUDING CRITICAL MINERALS

Taranis Resources Inc. has engaged P&E Mining Consultants Inc. (Ontario, Canada) to update its mineral resource estimate (MRE) at Thor. The maiden MRE was completed at Thor in 2013. Since that time, Taranis has drilled a further 100 drill holes on the epithermal deposit and has completed other surveys and studies which are expected to enhance the MRE.

The metals analyzed in the 2013 MRE included gold, silver, lead, zinc and copper. Taranis has subsequently been able to identify other critical/strategic metals such as indium and antimony that occur as companion metals in the epithermal deposit. The Hon. Jonathan Wilkinson, Minister of Natural Resources Canada, states, "Critical minerals are the building blocks for the green and digital economy." Taranis is fortunate at Thor to have many of these metals that would contribute to a vibrant Canadian economy.

Taranis also expects that the coming National Instrument 43-101 compliant MRE will enable Taranis to gain a much better understanding of the epithermal mineral resource at Thor. It will also contribute further to understanding the deeper intrusive target that was identified in 2012. Deposit features such as metal zonation, geometry and lithological variations are very useful aids in the discovery of other areas of mineralization at Thor.

Qualified person

Exploration activities at the Thor project were overseen by John 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. Mr. Gardiner is a principal of John J. Gardiner & Associates LLC which operates in British Columbia under firm permit No. 1002256.

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