Taranis Resources Inc. Announces Closing of Private Placement and Acquisition of Additional Mineral Tenures
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane Estes Park, Colorado 80517 www.taranisresources.com
TARANIS RESOURCES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND ACQUISITION OF ADDITIONAL MINERAL TENURES
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Estes Park, Colorado, March 30, 2026 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V: TRO, OTCQB: TNREF] announces that it has closed the private placement announced March 10, 2026 for total proceeds of $237,240.
The private placement consisted of the sale of a total of 1,318,000 units at a price of $0.18 each, each unit consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.25 until March 30, 2029.
All of the shares issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until July 31, 2026. The proceeds from this private placement will be used to incur further exploration expenses at the Company’s Thor property in southeastern British Columbia, as well as for working capital purposes.
Taranis is also pleased to report that four of its new Mineral Tenures (totaling 757.98 Ha) that were staked on July 1st, 2025 (located on the east side of its existing Thor property in southeastern British Columbia) have successfully concluded Consultation. In addition, Taranis has purchased two more Mineral Tenures (266.28 Ha) to supplement this original block of Mineral Tenures. In total, Taranis has added a further 1,024.26 Ha to the southeast portion of its existing property (5,445.33 Ha), and the total size of Taranis’ property holdings in the area is now 6,469.59 Ha. Taranis’ property position now covers a substantial portion of the Silver Cup Anticline extending southeast towards the Silver Cup Mine.
Qualified Person
Exploration activities at Thor are overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is the President and CEO of Taranis Resources Inc.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
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 [email protected]
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 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.