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TRO.V ·

Taranis Resources Inc. announces Application to Extend the term of certain Share Purchase Warrants

Share Capital & Compensation

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Resources Inc. announces Application to Extend the term of certain Share

Purchase Warrants

Estes Park , Colorado, October 24, 201 9 – Taranis Resources Inc. (“Taranis” or the “Company ”)

[TSX.V: TRO, OTCQB: TNREF ] has elected to make application to the TSX Venture Exchange to

extend the term of the following share purchase warrants:

(a) 833,333 share purchase warrants currently exercisable at a price of $0.15 until November

17, 2019; and

(b) 2,000,333 flow-through share purchase warrants currently exercisable at a price of $0.15

until December 29, 2019.

The application, which is subject to Exchange acceptance, will be for an extension in the term of these

warrants by three years in each case, to November 17, 2022 and to December 29, 2022, respectively.

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 informat ion on

Taranis or its Thor project, please visit our website at www.taranisresources.com.

Taranis currently has 68,931,142 shares is sued and outstanding ( 77,664,808 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 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.