Taranis Resources Inc. completes Debt Settlements

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

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

Taranis Resources Inc. completes Debt Settlements

Lakewood, Colorado, December 16, 2015 – Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces that it has completed the debt settlement agreements announced December 10, 2015, pursuant to which $53,290 of indebtedness has been satisfied by the issuance of 1,065,800 common shares issued at a deemed price of $0.05 per share, all of which shares are subject to a hold period in Canada until April 17, 2016.

About Taranis Resources Inc.

Taranis currently has 46,866,116 shares issued and outstanding (51,866,116 shares on a fullydiluted 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.

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