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TRO.V ·

Taranis Conducts Community Consultation for Thor Mine

Corporate Updates

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Conducts Community Consultation for Thor Mine

Estes Park , Colorado, July 2, 2019 – Taranis Resources Inc. (“Taranis” or the “Company )

[TSX.V: TRO, OTCQB: TNREF] is pleased to release an update on the progress of Phase 2 mine

permitting activity for its 100% owned Thor project.

Pursuant to a n Application Instruction Document from the BC Ministry of Environment

(Authorization No. 109867 ), and per request of the Southeast Mine Development Review

Committee, the Company has initiated public consultations. Stakeholders and those interested in

the project are encouraged to post questions , concerns, and comments on the Taranis website

“Thor Community Feedback” tab, at www.taranisresources.com

On June 29 th, 2019 at the annual meeting of the Trout Lake Community Club , the C ompany

outlined the construction and processing plans for the 10,000 tonne bulk sample to community

stakeholders. The initial meeting was held at the Trout Lake Community Hall and provided a

good opportunity to communicate with residents, locals, and frequent visitors to Trout Lake

about the bulk sample, its purpose, and scope.

The goal of phase 2 mining is to gather further metallurgical, processing and operating data

about the Thor deposit that can be used to commercially develop Thor (Phase 3). It also serves to

process and dispose of ore stockpiles left at surface by prior mining operations. If successful, this

type of process will facilitate “clean-up” of the former True Fissure mine and mill site, and could

be used to similar effect at other mines.

John Gardiner, CEO , states: “we are dedicated to involving the local community in the process

of building a mine at Thor . I believe that this is a very positive step for the local economy and

mining spirit of Trout Lake, and we look forward to a promising future”.

About Taranis Resources Inc.

Taranis is an exploration company focused on the development of its 100%-owned Thor project

in southeast British Columbia . The Company has a clear growth strategy that involves the

ongoing growth of the mineral Resource at Thor, and commercial mining of the deposit . For

additional information on Taranis or its Thor project, please visit our website at

www.taranisresources.com.

Taranis currently has 66,056,042 shares issued and outstanding ( 77,289,708 shares on a fully -

diluted basis).

TARANIS RESOURCES INC.

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

President and CEO

2

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 VEN TURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This News Release may contain forward loo king 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.