Mr. John Gardiner reports

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

Taranis Resources Inc. 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 18 cents each, with 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 25 cents 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 (totalling 757.98 Ha) that were staked on July 1, 2025 (located on the eastern 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 hectares) to supplement this original block of mineral tenures. In total, Taranis has added a further 1,024.26 hectares to the southeastern portion of its existing property (5,445.33 hectares), and the total size of Taranis's property holdings in the area is now 6,469.59 hectares. Taranis's property position now covers a substantial portion of the Silver Cup anticline extending southeast toward the Silver Cup mine.

Qualified person

Exploration activities at Thor are overseen by John Gardiner, PGeo, who is a qualified person under the meaning of National Instrument 43-101. Mr. Gardiner is the principal of John J. Gardiner & Associates LLC, which operates in British Columbia under firm permit No. 1002256. Mr. Gardiner is the president and chief executive officer of Taranis Resources.

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

We seek Safe Harbor.