Taranis Update on Exploration Permitting Delays at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Update on Exploration Permitting Delays at Thor
Estes Park, Colorado, January 18, 2024 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an informational update on permitting work at Thor. The Province
of British Columbia’s Ministry of Energy, Mines and Low Carbon Innovation (“EMLI”) is managing the
Notice of Work Permit (“NoW”) that was filed one and one-half years ago.
In the wake of delays, T aranis filed a petition for Judicial Review with the Supreme Court of British
Columbia, seeking:
• An order to the Chief Permitting Officer to: Make a decision on the Company’s NoW
application filed August 30, 2022; and
• Declare 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’s decision.
As of the date of this News Release, the Province of British Columbia has not f iled a response to the
Company’s petition, though the deadline for doing so has passed. Taranis’s counsel is working to schedule
the hearing of the Petition, as soon as a court date becomes available.
Over the past several months, Taranis ha s continued to engage in discussions with EMLI in an effort to
press for the Notice of Work approval , and has provided comment on various draft permit conditions
provided by EMLI for review.
Taranis was also asked by EMLI to post a $54,000 reclamation bond and it did so in November, 2023, even
though the Notice of Work permit has not yet been issued.
On December 5, 2023, EMLI notified Taranis that on November 27, 2023 it received a request from the
U.S. based Lakes Tribe of the Colville Confederated Tribes (the Sinixt) to engage with EMLI on Taranis’
NoW permit application. EMLI indicated it initiated consultation on November 30, 2023, requesting a
response by December 18, 2023, and acknowledged Taranis’s concerns about delays.
On December 15, 2023, EMLI provided Taranis with a letter (dated December 7, 2023) from the
Confederated Tribes of the Colville Reservation and the Sinixt Confederacy , noting the Sinixt wish to
engage EMLI “early in the new year [2024] to discuss engagement and consultation”, and they would not
be able to meet EMLI’s December 18, 2023 deadline.
Taranis has written EMLI seeking clarification as to its position as to whether and on what basis
consultations with the Confederated Tribes / Sinixt are required under Canadian law. Taranis has also asked
EMLI to clarify why, if it feels consultation is required, it did not engage earlier with the Sinixt /
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Confederated Tribes, and in this regard has noted a January 2023 media rel ease from the Office of the
Premier which includes a quote from the Chairman of the Colville Reservation and the Sinixt Confederacy
regarding their interest in the Incomappleux Conservancy established near the Taranis Thor project. See
New conservancy protects rare ecosystems in Incomappleux Valley | BC Gov News
About Taranis and Thor
Taranis Resources is a Canadian mineral exploration company. Taranis’ Thor Project is located in southeast
British Columbia. Thor is comprised of 3,807 hectares of Mineral Tenures and 27 Crown Grant titles to
precious and base minerals. Thor is a brownfield mine site, having been mined on a small scale since as
early as 189 6. Taranis has demonstrated via extensive diamond drilling that the historical mines are
connected as part of a much larger mineralized system, and the NoW permit application discussed herein is
meant to allow for deep drilling which aims to prove or dispr ove the presence of a large intrusion-related
deposit connected to the known epithermal veins. Such deposits are often world -class sources of copper,
molybdenum and gold.
For additional information on Taranis or its 100% -owned Thor project in Brit ish Columbia, visit
www.taranisresources.com
Taranis currently has 94,587,027 shares issued and outstanding (109,262,027 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
Phone: (303) 716-5922 Cell:
(720) 209-3049
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ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forwa rd 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.