Taranis Still Waiting for Mineral Tenure Consultation 186 Days after Initiation of Consultation
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Still Waiting for Mineral Tenure Consultation 186 Days after Initiation of Consultation
Estes Park, Colorado, March 2, 2026 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on permitting activities at Thor.
Mineral Tenures Staked July 1st, 2025
Taranis staked additional claims to the south and east of the new mine clusters on July 1, 2025. These
Mineral Tenures were sent out for First Nations Consultation on August 28, 2025, under the newly created
Mineral Claims Co nsultation Framework (“MCCF”). The Ministry of Critical Minerals indicated that
Mineral Tenure consultations should last 90–120 days. However, as of 186 days, Taranis has not received
any comments under the MCCF. On December 26, 2025, the Company contacted the Chief Gold
Commissioner’s Office for an explanation of the delays, but no response has been received from the Chief
Gold Commissioner’s Office and has made the permitting situation opaque.
Notice of Work Permit Application
Taranis submitted a Notice of Work (“NoW”) permit application to access an area east of Ferguson Creek.
Front Counter B.C. acknowledged receipt of this document on February 3, 2026. Th e NoW application
outlines access plans to explore the newly added portion of the property acquired in January of 2025. Taranis
acquired Mineral Tenures that covers the highly prospective Silver Cup Anticline in this area that cover
many historic prospects and mines including the Abrahamson, Slash, GYP, Nettie L. and Ajax Mines that
have received no exploration in the past half-century.
Comments
Permitting activities are crucial to an exploration company’s ability to delineate Mineral Resources. Taranis
recognizes the importance of reconciliation with First Nations and supports British Columbia’s efforts to
address the complicated issues involved. At the same time, the Company has a duty to its shareholders and
the business community to disclose when critical regulatory benchmarks are missed. The lack of timely
administrative clarity threatens to undermin e both reconciliation and economic progress in the province,
and Taranis calls for transparent, predictable processes that honour tradition while enabling responsible
mineral resource development.
Qualified Person
Exploration activities at Thor were overs een by John Gardiner (P. Geo.), President and CEO of Taranis
Resources Inc., and a Qualified Person under Canadian National Instrument 43 -101. Mr. Gardiner is the
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principal of John J. Gardiner & Associates, LLC, operating in British Columbia under Firm Permit Number
1002256. Mr. Gardiner has reviewed and approved the comments contained within this News Release.
Taranis currently has 102,421,487 shares issued and outstanding (119,972,613 shares on a fully -diluted
basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.), President and CEO
For further information contact:
John J. Gardiner
681 Conifer Lane
Estes Park, Colorado 80517
Cell: (720) 209-3049
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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.