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TRO.V ·

Taranis Collaborating with Gnumont to Explore for Carlin Gold Deposits in Nevada

Corporate Updates

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Collaborating with Gnumont to Explore for Carlin Gold Deposits in

Nevada

Estes Park, Colorado, April 14, 2020 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO,

OTCQB: TNREF] has made agreements with a private exploration firm to acquire projects and

explore in Nevada for large Carlin-type deposits.

Gnumont Gold LLC (“GGL”) is a private entity controlled by John J. Gardiner, the President and

CEO of Taranis, which has many years’ experience seeking world-class gold deposits in Nevada,

and has developed exciting new exploration approaches and modeling to target large gold

deposits in Nevada.

Taranis and GGL are pooling resources and talent to undertake this work, and have already

developed high-priority targets requiring detailed evaluation to warrant acquisition and

exploration. GGL has agreed to grant Taranis the opportunity to acquire and develop projects on

a case-by-case basis through GGL.

John Gardiner, President and CEO of Taranis Resources Inc. states “Nevada continues to be one

of the most prospective locations in the world for large gold deposits. Explora tion is capital

intensive and requires state -of-the-art methodology to identify new targets. We believe that the

potential rewards for this partnership can be significant. Gnumont has some very innovative

targeting concepts that could redefine the current understanding of Carlin trend gold deposits ,

and we are excited to be collaborating with them on this project. Taranis is well positioned to

provide capital resources and gather critical exploration data which we think will quickly

uncover one of Nevada’s most exciting mining development prospects.”

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 71,074,500 shares issued and outstanding ( 82,733,266 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

2

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 manageme nt

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.