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TRO.V ·

Taranis Acquires 840 Acre Sambo Property Adjacent to Thor Project

Mergers & Acquisitions Property Options & Staking

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

14247 West Iliff Avenue

Lakewood, Colorado

80228-5421

www.taranisresources.com

Taranis Acquires 840 Acre Sambo Property Adjacent

to Thor Project

Lakewood, Colorado, January 3, 2016 – Taranis Resources Inc. ( “Taranis”) [TSX.V: TRO] is

pleased to announce it has acquired 100% ownership of a prospective property for large Ag -Au-

Pb-Zn-Cu deposits th at adjoins the Thor Project in s outheast British Columbia. The Sambo

property was acquired after identification and analyses of a volcanic-sedimentary dome complex

(“VDC”) on its 100% -owned Thor project that is intimately related with the known Ag -Au-Pb-

Zn-Cu deposit. Taranis believes that Sambo could host a continuation of the VDC found at Thor.

At Thor, stratabound massive sulphide mineralization occurs in multiple layers along the west

side of the VDC that is known to e xtend for upwards of 2 km. The thickness of the VDC ranges

from upwards of 400 m in the centre of the property to only several m in thickness , and is

spatially related to almost all the Thor lodes.

In 2016, Taranis drilled several deep holes on the west side of the VDC and discovered new

zones underneath and parallel to the existing Gre at Northern Zone . It is expected that there are

even more zones underlying the ones f ound in 2016 that remain to be tested with deep diamond

drill holes. This is one of several areas that Taranis will explore further in 2017 to delineate more

tonneage at Thor.

John Gardiner, CEO of Taranis Resources Inc. remarks “Taranis has made progress

understanding the geology at Thor, and we are now using that knowledge to identify areas that

have the potential to add major tonneage t o our Resource base both within and outside of the

historic property. The area around Trout Lake was identified as a major silver district in the late

1800’s (Silver Cup Mining District) bu t the geology remains poorly understood. In the early

1980’s Westmin Resources Ltd. conducted exploration on several projects in the area . Since that

time, Taranis has completed upwards of 200 diamond drill holes defining the maiden NI 43 -101

Resource at Thor . In 2007, Taranis purchased Westmin’s geological data for the area and in

conjunction with our knowledge base at Thor , that has proven to be a useful springboard in

outlining prospective targets in the area”.

About Taranis Resources Inc.

Taranis currently has 53,216,116 shares issued and outstanding ( 60,266,116 shares on a fully -

diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geol.),

President and CEO

2

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.