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Taranis Resources Inc. Takes BC Government to Court Over Permitting Delays

Legal & Disputes

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Resources Inc. Takes BC Government to Court Over Permitting Delays

Estes Park, Colorado, October 16, 2023 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:

TRO, OTCQB: TNREF] has filed a judicial review petition with the British Columbia Supreme Court, due

to government’s ongoing (14 month) delay in processing an exploration permit application under the B.C.

Mines Act.

“We believe the government is unwilling to do its legal dut y here because of First Nation pressure” said

President and CEO John Gardiner. “ While consideration of Indigenous rights is part of the Crown’s duty

to consult, the Supreme Court of Canada has repeatedly said that First Nations do not have veto . So

government has to follow the law here”.

The exploration permit application relates to Taranis’s Thor project located south of Revelstoke B.C. The

project has been the subject of prior exploration for 16 years, including more than 250 drill holes.

“It is regrettable that we have to apply to Court to have our rights respected” added Gardiner. “We have

tried everything else including letters to Minister Josie Osbourne and Premier David Eby and we hope the

government is asking itself what message this sends to international investors.”

The full petition can be found on the company’s website, or by clicking on the following link:

https://www.jjgmining.com/uploads/2/7/0/2/27029932/2023_10_13_petition__filed__.pdf

It asks the court to:

• Order the Chief Permitting Officer or his delegate to make a decision on the application

• Issue a declaration that Minister Osbourne’s public statement that First Nations are “the rightful

owners of the land”, and her written reference to a First Nation imposed “moratorium”, are

contrary to law and must not guide the Chief Permitting Officer or his delegate.

A date for the Court hearing has not yet been set.

Qualified Person

Exploration activities at the Thor project are overseen by John Gardiner (P. Geo.), who is a Qualified Person

under the meaning of Canadian National Instrument 43-101. Mr. Gardiner is responsible for, and approves

of, the content in this News Release. John Gardiner is a principal of John J. Gardiner & Associates, LLC

which operates in British Columbia under Firm Permit Number 1002256.

About Taranis Resources Inc.

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

www.taranisresources.com

2

Taranis currently has 94,587,027 shares is sued and outstanding ( 109,262,027 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 di ffer

materially from expected results.