Taranis Resources Inc. announces closing of Private Placement

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

14247 West Iliff Avenue Lakewood, Colorado 80228-5421 www.taranisresources.com

Taranis Resources Inc. announces closing of Private Placement

Lakewood, Colorado, June 28, 2016 – Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces that it has closed a $160,000 private placement, as originally announced on March 16, 2016. Closing consisted of the issuance of 1,600,000 units at a price of $0.10 per unit, each consisting of one flow- through common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional flow-through common share at a price of $0.10 until June 23, 2018.

All of the securities issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of the share purchase warrants disclosed herein, will be subject to a hold period expiring on October 24, 2016.

About Taranis Resources Inc.

Taranis currently has 48,466,116 shares issued and outstanding (55,166,116 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geol.), President and CEO

For further information contact:

John Gardiner 14247 West Iliff Avenue Lakewood, Colorado Phone: (303) 716-5922 Cell: (720) 209-3049 [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

\\tjy.local\DomainProfiles\Folders\glenn yeadon\Documents\Doc\COMPANIES\taranis resources inc\News Releases\2016\june\trojune292016nr.doc