Taranis Resources Inc. announced a non-brokered private placement, to consist of the sale of up to 7,600,000 units at a price of CAD 0.11 per unit, to raise gross proceeds of up to CAD 836,000 on June 8, 2023. Each unit will consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of CAD 0.15 for a period of three years from closing. The transaction is subject to regulatory acceptance.

All securities issued pursuant to the offering, including any shares that may be issued pursuant to the exercise of the share purchase warrants, will be subject to a hold period in Canada of four months plus one day from closing.