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TRO.V ·

Taranis Resources Inc. Announces Private Placement

Financings

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

TARANIS RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR

DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

Estes Park, Colorado, June 7, 2022 – Taranis Resources Inc. ( “Taranis” or the “Company” ) [TSX.V:

TRO, OTCQB: TNREF] announces a non-brokered private placement offering, to consist of the sale of up

to 3,250,000 units at a price of $0.10 per unit to raise gross proceeds of up to $ 325,000, with each unit to

consist of one common share and one share purchase warrant, with each warrant to ent itle the holder to

purchase one additional common share at a price of $0.20 for a period of two years from closing.

The proceeds from this private placement, which is subject to regulatory acceptance, will be used for

general working capital purposes.

All securities issued pursuant to the private placement, including any shares that may be issued pursuant

to the exercise of the share purchase warrants, will be subject to a hold period in Canada of four months

plus one day from closing.

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 79,698,017 shares is sued and outstanding ( 87,685,017 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]

The securities referred to in this news release have not been, nor will they be, registered under the United States Securitie s Act

of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United

States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemptio n

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from such registration is availabl e. This news release does not constitute an offer of securities for sale, nor a solicitation for

offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus

containing detailed information about the company and management, as well as financial statements.

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 resu lts may differ

materially from expected results.