Taranis Resources Inc. Announces the Exercise of Certain Share Purchase Warrants and the Closing of a Private Placement

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane Estes Park, Colorado 80517 www.taranisresources.com

TARANIS RESOURCES INC. ANNOUNCES THE EXERCISE OF CERTAIN SHARE PURCHASE WARRANTS AND THE CLOSING OF A PRIVATE PLACEMENT

Estes Park, Colorado, September 9, 2022 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO, OTCQB: TNREF] announces the exercise of a total of 1,833,334 flow-through share purchase warrants on August 25, 2022, for aggregate subscription proceeds of $275,000.10, and the closing of a 125,000 flow-through unit private placement at a price of $0.20 per flow-through unit, for aggregate subscription proceeds of $25,000, as originally announced on June 28, 2022.

Each flow-through unit consists of one flow-through common share and one share purchase warrant, with each warrant entitling the holder to purchase one non-flow-through common share at a price of $0.20 until September 9, 2024.

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 until January 10, 2023.

The proceeds from the exercise of the flow-through warrants and from the private placement, each as disclosed above, will be used for further exploration at Taranis’s Thor Project in southeastern British Columbia.

About Taranis Resources Inc.

For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com

Taranis currently has 85,056,351 shares issued and outstanding (93,965,017 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

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

For further information contact:

John J. Gardiner 681 Conifer Lane Estes Park, Colorado 80517 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.