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* denotes a Personal Law Corporation

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* 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

March 2, 2026 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, which we would ask that you disseminate pursuant to the TSX Venture Exchange's requirements, as well as for distribution in 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

tnm@northernminer.com

vancouver@northernminer.com

British Columbia Securities Commission - via SEDAR

Alberta Securities Commission - via SEDAR

Ontario Securities Commission - via SEDAR

File: '\\swfile\EmailIn\20260302 102837 Attachment Taranis_NR_03_02_2025_Finalv2.docx'

2

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Still Waiting for Mineral Tenure Consultation 186 Days after Initiation of Consultation

Estes Park, Colorado, March 2, 2026 - Taranis Resources Inc. ("Taranis" or the "Company") [TSX.V: TRO, OTCQB: TNREF] is providing an update on permitting activities at Thor.

Mineral Tenures Staked July 1st, 2025

Taranis staked additional claims to the south and east of the new mine clusters on July 1, 2025. These Mineral Tenures were sent out for First Nations Consultation on August 28, 2025, under the newly created Mineral Claims Consultation Framework ("MCCF"). The Ministry of Critical Minerals indicated that Mineral Tenure consultations should last 90-120 days. However, as of 186 days, Taranis has not received any comments under the MCCF. On December 26, 2025, the Company contacted the Chief Gold Commissioner's Office for an explanation of the delays, but no response has been received from the Chief Gold Commissioner's Office and has made the permitting situation opaque.

Notice of Work Permit Application

Taranis submitted a Notice of Work ("NoW") permit application to access an area east of Ferguson Creek. Front Counter B.C. acknowledged receipt of this document on February 3, 2026. The NoW application outlines access plans to explore the newly added portion of the property acquired in January of 2025. Taranis acquired Mineral Tenures that covers the highly prospective Silver Cup Anticline in this area that cover many historic prospects and mines including the Abrahamson, Slash, GYP, Nettie L. and Ajax Mines that have received no exploration in the past half-century.

Comments

Permitting activities are crucial to an exploration company's ability to delineate Mineral Resources. Taranis recognizes the importance of reconciliation with First Nations and supports British Columbia's efforts to address the complicated issues involved. At the same time, the Company has a duty to its shareholders and the business community to disclose when critical regulatory benchmarks are missed. The lack of timely administrative clarity threatens to undermine both reconciliation and economic progress in the province, and Taranis calls for transparent, predictable processes that honour tradition while enabling responsible mineral resource development.

Qualified Person

Exploration activities at Thor were overseen by John Gardiner (P. Geo.), President and CEO of Taranis Resources Inc., and a Qualified Person under Canadian National Instrument 43-101. Mr. Gardiner is the principal of John J. Gardiner & Associates, LLC, operating in British Columbia under Firm Permit Number 1002256. Mr. Gardiner has reviewed and approved the comments contained within this News Release.

Taranis currently has 102,421,487 shares issued and outstanding (119,972,613 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geo.), President and CEO

For further information contact:

John J. Gardiner

681 Conifer Lane

Estes Park, Colorado 80517

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 future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.