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TRO.V ·

Taranis Completes Engineering Site Investigation Drilling for Thor Bulk Sampling Operation

Exploration Programs

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Completes Engineering Site Investigation Drilling

for Thor Bulk Sampling Operation

Estes Park, Colorado, October 27th, 2021 – Taranis Resources Inc. (“Taranis) [TSX.V: TRO,

OTCQB: TNREF] is excited to report on bulk sampling progress at its 100%-owned “Thor” silver,

gold, zinc, and copper polymetallic deposit located near T rout Lake in southeastern British

Columbia.

During the summer of 2021, Taranis completed field activities related to site investigation of the

True Fissure mill site. This information is required to assess the design of the Coarse Reject

Storage Facility and other parts of the site engineering. Twelver holes were completed by KEL

Drilling and included characterization of soil, and standard penetration tests. In addition, two NQ

diameter core holes were completed to test the depth to bedrock at the site.

This work was done under the supervision of Knight Piesold Engineering and will be used to

prepare an engineering report as required under the 10,000 tonne Bulk Sampling Mines Act Permit.

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 78,328,424 shares issued and outstanding ( 88,907,190 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 E XCHANGE) 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.