Mr. John Gardiner reports

TARANIS RESOURCES INC. ANNOUNCES DEBT SETTLEMENTS AND PROVIDES ADDITIONAL INFORMATION ON FOUR IMPORTANT EXPLORATION TARGETS PERIPHERAL TO THE CORE MINERAL RESOURCE

Taranis Resources Inc. has negotiated debt settlement agreements with a non-arm's-length creditor and a trade creditor, pursuant to which indebtedness totalling $197,543.66 in respect of certain outstanding principal and interest loan obligations and in respect of an outstanding trade payables is to be satisfied by the issuance of 1,316,958 common shares at a deemed price of 15 cents per share, subject to regulatory acceptance.

In addition, Taranis has produced four videos that can be found on-line. These videos provide an overview of Taranis's unique approach to exploration, moving outward from the well-defined core mineral resource. They also show how Taranis uses 3-D geophysical and geochemical processing to map the subsurface in mature exploration terrains.

Taranis currently has 103,739,487 shares issued and outstanding (122,608,613 shares on a fully diluted basis).

We seek Safe Harbor.