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Taranis Updates Exploration Activities at Thor, Engages Knight Piesold to Design Coarse Reject Storage Facility

Exploration Programs

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane

Estes Park, Colorado

80517

www.taranisresources.com

Taranis Updates Exploration Activities at Thor,

Engages Knight Piesold to Design Coarse Reject Storage Facility

Estes Park , Colorado, September 9, 2020 – Taranis Resources Inc. ( “Taranis” or the “Company” )

[TSX.V: TRO] is pleased to provide an update to exploration activities on its 100% -owned Thor project

located in Southeast British Columbia.

Exploration Drilling

Taranis has completed two drill holes south of the True Fissure Open Pit, and these holes have interested

the Great Northern Zone. Assay results will be reported as they become available. The drill holes have

intersected mi neralization typical of the Thor deposit including semi-massive to massive sphalerite,

tetrahedrite and pyrite. The drill core is also being subjected to test work that will provide valuable

information in the interpretation of magnetics at Thor.

Geotechnical Work – Thor Millsite

Taranis conducted an onsite inspection with Knight Piesold Engineering (Vancouver). Knight Piesold will

undertake the design of the Coarse Storage Reject Facility (“CRSF”) that will be integrated into the existing

AllNorth Engineering site plan required for the 10,000 tonne bulk sample permit application. Geotechnical

surveys have been completed including a resistivity survey capable of mapping the depth to bedrock and

geotechnical test pits that will test the colluvium material.

Access to Ridge Target

Two large Lister bridges have been moved from Ferguson to the areas that they will be installed. These

bridges were custom engineered to accommodate the vehicles that will be accessing the Ridge Target, and

their unitized nature ma kes them easy to install and remove. Sediment mitigation materials have arrived

onsite and the bridges will be installed once a Qualified Person is available.

Qualified Person and Quality Control

Exploration activities at Thor were overseen by John Gard iner (P. Geol.) who is a Qualified Person under the

meaning of Canadian National Instrument 43-101.

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 73,594,500 shares issued and outstanding (87,123,266 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 di ffer

materially from expected results.