| Estes Park, Colorado, June 28, 2022 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V: TRO, OTCQB: TNREF] announces a non-brokered private placement offering, to consist of the sale of up to 2,000,000 flow-through units at a price of $0.20 per flow-through unit to raise gross proceeds of up to $400,000 with each flow-through unit to consist of one flow-through common share and one share purchase warrant, with each warrant to entitle the holder to purchase one non-flow-through common share at a price of $0.20 for a period of two years from closing. The proceeds from this private placement, which is subject to regulatory acceptance, will be used for further exploration at the Company’s Thor Project in southeastern British. All securities issued pursuant to the private placement, including any shares that may be issued pursuant to the exercise of the share purchase warrants, will be subject to a hold period in Canada of four months plus one day from closing. About Taranis Resources Inc. Taranis Resources Inc. is a well-positioned exploration company that is exploring and developing its 100%-owned Thor precious-base metal project in British Columbia. Taranis has drilled over 250 drill holes on the project, defining a near-surface epithermal deposit that is over 2 km long. The Company refers to the epithermal trend as the “Trunk”, invoking the anatomy of an elephant to portray the large structures which appear to be connected at depth to the epithermal zones. Recent exploration work has identified a large porphyry-type exploration target (“Elephant’s body”) underlying the epithermal deposit which has clear links to the overlying epithermal deposit. Limited drilling of the “Elephant” target completed to date shows the target is mineralized. Three other large geophysical targets occur peripheral to the Elephant in two trends – these are large disseminated-type sulfide-type targets (Western Deeps, Broadview South and Thunder North – “Tusks”). For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com Taranis currently has 82,948,017 shares issued and outstanding (94,185,017 shares on a fully-diluted basis). TARANIS RESOURCES INC. Per: John J. Gardiner (P. Geol.), President and CEO |
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