& facilities to produce even higher-grade concentrates that could be sold to smelting facilities.
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Makes Third Offer to MX Gold Corp.
Estes Park, Colorado, February 27, 2019 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO]
is making significant progress with its Thor property, including the permitting of a 10,000 tonne
bulk sample which will act as the trial run for full -scale production. One of many potential
options for processing concentrates from the Thor Project is to utilize the long-dormant Max Mill
& facilities to produce even higher-grade concentrates that could be sold to smelting facilities.
Repeated attempts to contact Dan Omeniuk, CEO of MX Gold Corp. have been made over the
past eight months, but there has been no meaningful dialogue. Taranis believes that there is a
viable path moving forward for both companies and their shareholders – and it is disappointed
that this pathway to economic development in Trout Lake is apparently being ignored. In
Taranis’s view, dormant mine s and facilities such as tailings impoundments are best curated
through responsible operation with active oversight and management.
Taranis has drilled over 250 holes on its Thor project and comple ted numerous metallurgical and
environmental baseline studies to ensure long -term, sustainable production . Taranis hopes that
MX Gold or one of its representatives will consider Taranis’s good faith offer(s) to purchase
MX Gold’s subsidiary Forty-Two Metals, the owner of the Max Mill & f acilities, so that both
companies might capitalize on this opportunity to the benefit of each of their shareholders.
Qualified Person
Activities at Thor are overseen by John Gardiner (P. Geol.) who is a Qualified Person under th e
meaning of Canadian National Instrument 43-101.
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100%-owned Thor project
in southeast British Columbia . Its mandate is to recognize mineral deposits early in the
exploration cycle that can be developed through intelligent exploration and business alliances.
For additional information on Taranis or its Thor project, please visit our website at
www.taranisresources.com.
Taranis currently has 64,843,067 shares issued and outstanding ( 77,376,733 shares on a fully -
diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
2
For further information contact:
John J. Gardiner
681 Conifer Lane
Estes Park, Colorado
80517
Phone: (303) 716-5922
Cell: (720) 209-3049
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This News Release may contain forward looking statements based on assumptions and judgments of manageme nt
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actual results may differ materially from expected results.