Taranis Resources Expands Mineral Holdings and Completes Private Placement

Taranis Resources Inc. has reached an agreement to acquire 100% interest in 1,699 hectares of mineral tenures adjacent to its Thor project in British Columbia. The acquisition involves 1,637.9 hectares of mineral tenures and 61.4 hectares of placer tenures. A 1% NSR from commercial production will be reserved for the vendor, along with a $40,000 cash payment upon transfer of the title.

The land package comprises 11 mineral tenures and 2 placer tenures from the Silver Cup Mining District, enhancing Taranis's holdings to 5,445 hectares. This strategic acquisition aims to explore deep mineral resources beneath historic mining sites.

Concurrently, Taranis has closed a $200,000 private placement by selling 666,666 flow-through units, purchased entirely by insiders. This transaction received shareholder approval under TSX-V regulations.