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TRO.V ·

Taranis Resources Inc. Announces Debt Settlement

Share Capital & Compensation

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

TARANIS RESOURCES INC. ANNOUNCES DEBT SETTLEMENT

Estes Park , Colorado, April 12, 2019 – Taranis Resources Inc. ( “Taranis”) [TSX.V: TRO ]

announces a debt settlement agreement with a single creditor pursuant to which $ 97,038 of

indebtedness is to be satisf ied by the issuance of 1,212,975 common shares at a deemed price of

$0.08 per share, subject to regulatory acceptance.

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 strategy that involves the ongoing

growth of the mineral Resource at Thor, and commercial mining of the deposi t. For additional

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

Taranis currently has 64,843,067 shares issued and outstanding ( 76,076,733 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.