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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 30, 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\20260330 102609 Attachment TRO MARCH 30 2026 NR.docx'

2

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

TARANIS RESOURCES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND ACQUISITION OF ADDITIONAL MINERAL TENURES

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

Estes Park, Colorado, March 30, 2026 - Taranis Resources Inc. ("Taranis" or the "Company") [TSX.V: TRO, OTCQB: TNREF] announces that it has closed the private placement announced March 10, 2026 for total proceeds of $237,240.

The private placement consisted of the sale of a total of 1,318,000 units at a price of $0.18 each, each unit consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.25 until March 30, 2029.

All of the shares issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until July 31, 2026. The proceeds from this private placement will be used to incur further exploration expenses at the Company's Thor property in southeastern British Columbia, as well as for working capital purposes.

Taranis is also pleased to report that four of its new Mineral Tenures (totaling 757.98 Ha) that were staked on July 1st, 2025 (located on the east side of its existing Thor property in southeastern British Columbia) have successfully concluded Consultation. In addition, Taranis has purchased two more Mineral Tenures (266.28 Ha) to supplement this original block of Mineral Tenures. In total, Taranis has added a further 1,024.26 Ha to the southeast portion of its existing property (5,445.33 Ha), and the total size of Taranis' property holdings in the area is now 6,469.59 Ha. Taranis' property position now covers a substantial portion of the Silver Cup Anticline extending southeast towards the Silver Cup Mine.

Qualified Person

Exploration activities at Thor are overseen by John Gardiner (P. Geo.), who is a Qualified Person under

the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner &

Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is the President and CEO of Taranis Resources Inc.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Taranis currently has 103,739,487 shares issued and outstanding (122,608,613 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

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 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.