Taranis Resources Initiates Gravity Concentration Metallurgical Work on Main Deposit at Thor

Lakewood, August 1, 2017 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to update exploration activity related to its 100%-owned Thor project.


Gravity Concentration Metallurgical Study

Taranis has initiated a series of metallurgical tests that are designed to evaluate processing the main Ag-Au-Pb-Zn-Cu deposit at Thor. Gravity concentration is the separation of minerals based on differences in specific gravity. A gravity concentration process is designed to recover very high grades of valuable ore material into very small masses, and is deemed to be useful at Thor since virtually all metal of value is contained within minerals having high specific gravity.

The resurgence of gravity concentration has come about due to its simplicity and low environmental impact. The tests are designed to produce optimal liberation of mineral at the coarsest particle size reducing energy expenditure in producing the concentrate. The initial tests are being completed on material from two stockpiles at Thor. The largest of these is the True Fissure stockpile and the smaller, but higher-grade stockpile located at the Broadview Mine. Taranis has completed its own tonnage and grade estimates of these stockpiles.

John Gardiner, President and CEO states "Processing the stockpiles is the next logical step to becoming cash positive at Thor with minimal dilution to the existing shareholders, although a significant amount of work will be required to permit such an operation. Successful gravity concentration tests would:

-Serve as a test case for processing the much larger in situ NI-43-101 Resource.

-Minimize the environmental impact of the stockpiles by removing acid-generating minerals from the property.

-Pre-concentration would drastically reduce the ore volume that reports to intensive downstream processing.

-Minimize capital cost and maximize financial return of any mining operation eliminating the need for costly flotation infrastructure, using only a gravity processing plant.

The main sulphide deposit is the principal focus of our current work program at Thor, and holds the long-term value for the company. These tests will enable Taranis to get a better understanding of what processing options are available".


Qualified Persons

John Gardiner (P.Geol.) is the Qualified Person on the Thor Project, and supervised the preparation and scientific and technical disclosure in this News Release.


About Taranis Resources Inc.

Taranis is an exploration company focused on the development of its 100%-owned Thor project in southeast British Columbia. The company's mandate is to recognize mineral deposits early in the exploration cycle that can be developed through intelligent exploration and business alliances. For additional information on Taranis or its Thor project, please visit our website at www.taranisresources.com.

Taranis currently has 55,451,716 shares issued and outstanding (62,626,716 shares on a fully-diluted basis).


Taranis Resources Inc.

Per: John J. Gardiner (P. Geol.),
President and CEO




For further information contact:

Taranis Resources Inc.
John J. Gardiner
14247 West Iliff Avenue
Lakewood, Colorado
Phone: (303) 716-5922, Cell: (720) 209-3049
johnjgardiner@earthlink.net



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