Mr. John Gardiner reports

TARANIS RESOURCES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Taranis Resources Inc. has closed the private placement announced Aug. 20, 2026, for total proceeds of $220,000.

The private placement consisted of the sale of a total of 1.1 million flow-through units at a price of 20 cents each, with each unit consisting of one flow-through common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of 20 cents until Sept. 2, 2028.

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 Jan. 3, 2027. The proceeds from this private placement will be used to incur further exploration expenses at the company's Thor property in southeastern British Columbia.

About Taranis Resources Inc.

Taranis Resources has evolved beyond the profile of a traditional junior explorer. After 15 years of methodical exploration and compiling a massive database from over 250 drill holes to define a National Instrument 43-101 mineral resource at Thor and recently completing a 100-per-cent consolidation of the historic Silver Cup mining district, the company is transitioning from understanding the Thor deposit to unlocking district-scale discovery potential.

Taranis's core values include scientific rigour, highlighting exploration driven by state-of-the-art predictive targeting, 3-D geophysical inversions and carefully controlled use of AI (artificial intelligence), as opposed to traditional surface-level prospecting. The company prioritizes methodological, high-quality exploration over promotional shortcuts and allocates funds into the ground. Taranis's leadership has unmatched shareholder alignment, and the company's management team has been intact for 20 years with substantial insider ownership. Taranis exercises responsible stewardship and is committed to defining legitimate ownership through active labour, stringent reclamation programs, and transparent first nations and local community engagement.

Taranis currently has 105,552,053 shares issued and outstanding (116,813,958 shares on a fully diluted basis).

We seek Safe Harbor.