Taranis Updates Shareholders on Disbursements of Taranis Securities to Matachewan and McChip Shareholders
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Updates Shareholders on Disbursements of Taranis Securities to Matachewan and
McChip Shareholders
Estes Park, Colorado, June 4, 2026 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on the disbursement of Taranis securities from two of its
largest shareholders, Matachewan Consolidated Mines, Limited (“Matachewan”) and McChip Resources
Inc. (“McChip”). The following section summarizes the series of events related to the asset distribution of
Taranis securities to Matachewan and McChip shareholders:
Matachewan Consolidated Mines, Limited
In a September 4, 2025 News Release, Matachewan announced a Reduction in Stated Capital and a return
of Capital to shareholders, establishing the framework to distribute long-held assets to its investors. In a
January 7, 2026 News Release , Matachewan declared a one -time cash and share distribution totaling
10,615,348 Taranis Shares.
• Payout Ratio: Shareholders of record on January 14, 2026, were to receive about 0.7780 Taranis
Shares per Matachewan share.
• Share Lending Structure: Matachewan temporarily borrowed 1,488,996 Taranis shares to
complete the full distribution.
McChip Resources Inc.
In a September 4, 2025 News Release , McChip outlined plans to “wind-down” its holdings by returning
Capital to shareholders. Shareholders then approved a capital reduction resolution at a special meeting on
October 1, 2025, clearing the way for the distributions. In a March 16, 2026 corporate update, McChip
confirmed that it had completed a substantial liquidation of its marketable securities.
In an April 6, 2026 News Release , McChip announced one -time cash and share distributions for
shareholders of record as of April 10, 2026 . The distributions were completed on April 21, 2026 and
included:
• The Taranis Share Distribution: McChip distributed 17,377,244 Taranis Shares by dividend-in-
kind, equal to 2.915598 Taranis common shares for each McChip share held.
Effect on Taranis Securities
With the distribution of their collective holdings, many McChip and Matachewan shareholders have now
become Taranis shareholders . Some of these shareholders are expected to liquidate their positions in the
short term. These are extraordin ary circumstances, and they appear to have had direct consequences for
existing Taranis shareholders. The Board of Taranis would point out to Taranis shareholders that the
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Company has continued to make significant progress on its Thor project and that the recent large volume
of trading in the market is reflective of the internal business practices of McChip and Matachewan rather
than material facts pertaining to Taranis’ activities. Taranis is not aware of any significant change in its own
line of business.
Taranis currently has 103,739,487 shares issued and outstanding (122,608,613 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
Phone: (303) 716-5922 Cell:
(720) 209-3049
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 l ooking 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.