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TRO.V ·

Taranis Submits Mine Plan for Thor

Corporate Updates

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Submits Mine Plan for Thor

Estes Park , Colorado, July 22, 201 9 – Taranis Resources Inc. (“Taranis” or the “Company )

[TSX.V: TRO, OTCQB: TNREF] is pleased to release an update on the progress of Phase 2 mine

permitting activity for its 100% owned Thor project.

Taranis has submitted its application for Mines Act and Environmental Management Act Permits

for the Thor 10,000 tonne bulk sample program. Major application sections include:

 Project overview including mineral Resources and stockpile processing tonnages

and grades

 Environmental baseline information including water chemistry, soil chemistry and

environmental characteristics of ore types

 Detailed metallurgical studies, characteristics of the deposit

 Hydrology, hydrometrics, water basin analysis and climatology

 Wildlife habitat studies and mitigation plans, including mountain caribou

 Mine plan: processing, site layout and equipment

 Mine operating management plan, including environmental management plans

 Discharge and environmental monitoring requirements

 Reclamation planning

The application will now be screened by Ministry representatives for completeness. John

Gardiner, CEO, states “This application encompasses 13 years of data collected at Thor, from

initial exploration drilling, the gold pilot plant, through into mine development. Thor is a high -

grade, near-surface Resource on the cusp of becoming a producing mine, and Taranis

shareholders own it 100%”.

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 growth strategy that involves the

ongoing growth of the mineral Resource at Thor, and commercial mining of the deposit . For

additional information on Taranis or its Thor project, please visit our website at

www.taranisresources.com.

Taranis currently has 66,056,042 shares issued and outstanding ( 77,289,708 shares on a fully -

diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geol.),

President and CEO

2

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 VEN TURE 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.