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TRO.V ·

Taranis Completes Airborne Geophysical Surveys at Thor

Exploration Programs

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Completes Airborne Geophysical Surveys at Thor

Estes Park, Colorado, May 11th, 2022 – Taranis Resources Inc. (“Taranis” or the “Company”)

[TSX.V: TRO, OTCQB: TNREF] is pleased to provide an update on its 100%-owned “Thor”

precious-base metal deposit with respect to ongoing mineral exploration activities. Thor is located

near Trout Lake, in southeast British Columbia.

Expert Geophysics of Ontario, Canada have completed an airborne geophysical survey of the Thor

Mineral Resource area located on the east side of Great Northern Mountain. The geophysical

survey package incorporates both magnetic and magnetotelluric components.

The survey has covered approximately 20% of the area of the total Thor project and was designed

to identify a deeper source of high -grade polymetallic vein systems which host historical mines

like Broadview, True Fissure, and Great Northern along the Thor Fault Zone . This is the first

comprehensive geophysical survey of the entirety of the main Thor polymetallic area.

The Expert Geophysics database will compliment a substantial but fragmented geophysical

database compiled from smaller ground surveys completed in previous years.

Comment

John Gardiner, President and CEO of Taranis states, “Data from this survey is going to help

contextualize the near-surface epithermal deposit we have defined at Thor, and identify other

unknown epithermal zones and an intrusive source. Taranis has established that all of the existing

epithermal deposits have a defined geophysical expression from the ground geophysical surveys.

The airborne survey will be used to define other areas conducive to exploration, and this is the first

step to expanding the Mineral Resource.”

Qualified Person and Quality Control

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.

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 79,698,017 shares issued and outstanding (8 7,685,017 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.