Taranis Resources Inc. announces Debt Settlements

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

681 Conifer Lane Estes Park, Colorado 80517 www.taranisresources.com

Taranis Resources Inc. announces Debt Settlements

Estes Park, Colorado, December 5, 2022 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO, OTCQB: TNREF] announces that it has negotiated debt settlement agreements with certain insiders and creditors pursuant to which indebtedness totalling $221,965 in respect of certain outstanding principal and interest loan obligations and in respect of certain outstanding trade payables is to be satisfied by the issuance of 1,305,676 common shares at a deemed price of $0.17 per share, subject to regulatory acceptance.

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 85,681,351 shares issued and outstanding (93,965,017 shares on a fullydiluted basis).

TARANIS RESOURCES INC.

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