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TRO.V ·

Taranis Resources Inc. Announces Closing of Private Placements

Financings

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

TARANIS RESOURCES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENTS

Estes Park, Colorado, June 10, 2021 – Taranis Resources Inc. ( “Taranis”) [TSX.V: TRO] announces the closing

of the private placements an nounced on May 26, 2021. These private placements consist of the sale of the

following:

(a) 2,086,667 flow-through common shares at a price of $0.12 each, for gross proceeds of $250,400;

and

(b) 1,696,500 ordinary common shares at a price of $0.10 each, for gross proceeds of $169,650.

The proceeds from th ese private placements will be used for further exploration at Taranis’s Thor Project in

southeastern British Columbia and for working capital purposes. This exploration will include diamond drilling of

the Ridge and Intrusive exploration targets, and further exploration work designed to expand the existing mineral

resource at Thor.

All shares issued pursuant to the closing of these private placements will be subject to a hold period in Canada until

October 11, 2021.

About Taranis Resources Inc.

For additional information on Taranis or its 100% -owned Thor project in southeastern British Columbia , visit our

website at 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 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.