Taranis Completes 2025 Exploration Activities Targeting Expansion of Thor Mineral Resource
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Completes 2025 Exploration Activities Targeting Expansion of Thor Mineral Resource
Estes Park, Colorado, October 20, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on exploration activities at Thor. All exploration activity
has been completed for the summer season - when ground sites are accessible and free of snow. This News
Release outlines some of the important activities that were undertaken in 2025 . Analysis of exploration
results is currently in progress. Taranis believes that it can add substantial value above and beyond the
existing NI-43-101 Mineral Resource via systematic and state -of-the-art exploration . The Silver Cup
Mining District was extensively developed between 1895 to 1914, with onl y minor developments taking
place again from 1940 onwards.
Diamond Drilling
A total of five exploration drill holes were completed in an area south and east of the existing Mineral
Resource from three locations along the main access road to the True Fissure millsite. These drill holes
intersected a magmatic breccia ‘feeder zone’ that has pronounced topographic and geophysical expression
that is commonly found in high -sulfidation epithermal deposits. A total of 2,505 meters of drilling was
completed, three of which were deep drill holes (2,273 m total) and two that were completed at shallow
depth (232 m total). As analytical results become available and the data is contextualized, Taranis will
release further information.
New Prospects
In early January 2025, Taranis acquired 1,634 Ha of Mineral Tenure claims adjacent to the Thor project
(see Taranis New Release dated January 20, 2025) . These Mineral T enures include major historical
workings at the past -producing Nettie L. and IXL mine areas. Historically, the main means of access to
these mines was by a dilapidated horse trail last used circa the 1950’s. Taranis’ personnel gained access to
the Nettie L. area via helicopter. Sampl ing was undertaken on surface dumps to ascertain the overall
character of mineralization and to conduct geochemical analys es. The Nettie L. Mine and IXL mine areas
are historic producers of silver, gold, zinc, lead and copper but possibly contain additional valuable strategic
metals including indium, cadmium, tungsten and antimony based on its geological similarity to Thor.
10,000 t Bulk Sample
Work was finalized on the planning and cost estimate for the 10,000 t Bulk Sample , and Taranis has
approached the Ministry of Mining and Critical Minerals to provide an overview . A shortened version of
this presentation is now available on the Taranis website. The Bulk Sample is a requisite activity that is
undertaken prior to any kind of economic analysis of the Thor deposit, as it will document the recoveries of
metals from the deposit. Taranis also completed comprehensive X-Ray Fluorescence (“XRF”) analysis on
source material at Thor which will be evaluated by the Bulk Sample. Further confirmatory analytical work
at Actlabs is being performed to validate XRF results that may provide further insight into other
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‘companion’ metals that were not analyzed in the course of undertaking conventional analytical methods.
Further information will be released once the certified analytical data has been completed. An overview of
the Bulk Sample can be found at www.taranisresources.com
Other Exploration Activities
Taranis’ personnel conducted numerous other explora tion activities on the Thor project, includ ing
systematic XRF studies aimed at understanding major oxide alteration in drill core, as well as continued
soil sampling in the Horton area where a number of high-grade boulders were identified in 2024.
Re-evaluation of the LIDAR data on the Thor project revealed a number of rockslides that have potentially
obscured areas of mineralization around the Thor deposit, and these were visited in the field. The largest of
these is a massive rockslide south of the B roadview Area that appears to have truncated the south end of
the Thor deposit and measures almost 800 m by 2,200 m. This feature is so expansive that the toe of the
rockslide has entered the Lardeau Rive r, and both Ferguson Creek and the Lardeau River are deflected
around the toe of the slide . During the summer of 2025, a number of ferruginous seeps appeared in th is
rockslide in an area between Broadview and Ferguson, and Taranis completed sampling of the seeps to
ascertain if they are anomalous in metals that would be indicative of a concealed deposit . In 2022 on the
north end of the Thor epithermal deposit, Taranis discovered the blind Thunder Zone north of the Blue Bell
mine under a much smaller, similar rockslide, and the newly discovered rockslide south of the Broadview
Mine appears to be at least an order of magnitude larger in surficial extent.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under
the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner &
Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is
the President and CEO of Taranis Resources Inc. and has reviewed and approved the comments contained
within this News Release.
Taranis currently ha s 102,421,487 shares issued and outstanding ( 119,972,613 shares on a fully -diluted
basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.),
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
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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 l ooking 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 di ffer
materially from expected results.