Taranis Resources Inc. announced a non-brokered private placement of up to 2,592,592 non-flow-through units at a price of CAD 0.27 per unit for the gross proceeds of CAD 700,000 and up to 2,333,333 flow-through units at a price of CAD 0.30 per unit for the gross proceeds of CAD 700,000 for an aggregate proceeds of CAD 1,400,000 on May 2, 2024. Each NFT Unit will consist of one common share and one common share purchase warrant with each NFT Warrant to entitle the holder to purchase one additional common share at a price of CAD 0.35 per share for a period of 24 months from closing. Each FT Unit will consist of one flow-through common share and one common share purchase warrant.

Each FT Warrant will entitle the holder to purchase one additional common share at a price of CAD 0.35 for a period of 24 months from closing. Finders? fees or brokers?

commissions may be paid in accordance with TSX Venture Exchange policy. All securities issued as part of the Offering will be subject to a hold period in Canada of four months and one day from the closing of the Offering. The Offering and the payment of any finders?

fees or brokers? commissions are subject to TSX Venture Exchange acceptance.