Mr. John Gardiner reports

TARANIS OFFERS A FULLY DOMESTIC SOURCE OF CRITICAL MINERALS AS IT INITIATES NEW TESTS FOR EVEN MORE CRITICAL MINERAL ELEMENTS, AND ACQUIRES NEW MINERAL TENURES AT THOR PROJECT

Taranis Resources Inc. has commenced exploration activities on its 6,400-hectare Thor project, which covers a large portion of the past-producing Silver Cup mining district.

With an increased focus on critical minerals in British Columbia, including Ottawa's investment of up to $400-million in Teck's Trail smelter (located less than 250 kilometres from Thor), Taranis is re-examining its existing National Instrument 43-101 mineral resource for improved reporting of critical minerals in addition to the silver, gold, copper, lead and zinc already incorporated into the mineral resource. Thor is already known to host several critical metals, including zinc, copper, indium and antimony, although the mineral resource database for these critical minerals is only partially complete. This is due to historically low demand for domestic polymetallic resources from domestic smelters and incompatibility between precious metals analytical packages with other elements. Additional analytical work is now being undertaken on the stored drill core samples (pulps) for germanium. Thor is an unusual polymetallic deposit in that it characteristically contains many valuable recoverable metals that are only recoverable if they are mined as byproduct metals.

As a continuing part of the exploration review of geological and geophysical data at Thor, Taranis has also acquired an additional prospective geophysical target that has increased the size of the Thor project to 6,613 hectares. Fieldwork is currently being undertaken to gain more insight into the four existing high-priority targets around Thor and also the numerous old mines and prospects that occur within the 6,400-hectare expanded project.

Qualified person

Exploration activities at Thor were overseen by John Gardiner, PGeo, who is a qualified person under the meaning of NI 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 and has reviewed and approved the comments contained within this news release.

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

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