TARANIS RESOURCES INC ORD - TNREF STOCK NEWS

Taranis Resources has engaged Novus Engineering to complete engineering and reclamation planning for a 10,000-tonne bulk sample at its Thor precious metals project in British Columbia. The project aims to gather accurate grade, crushing, and separation data.

Key developments include: The British Columbia Ministry granted the final Mines Act Permit on July 26, 2021, which was extended to August 21, 2028. Additionally, the Canada Revenue Agency reversed a 2021 ruling, now allowing Canadian Exploration Expenses treatment for permitting expenditures from 2017-2018.

The bulk sampling program will focus on determining physical, chemical, and mechanical characteristics of the mineral resource, including effective grade and gravity separation potential. This work will run parallel with ongoing drilling efforts to expand the mineral resource.

Taranis Resources reports on drill testing of the South Magnetotelluric Conductive Tusk Target at its Thor project in British Columbia. The company completed drilling operations targeting the South Tusk, one of two major conductive features identified in a 2022 MT and Magnetic survey. Drill hole Thor-242 reached 576m depth, intersecting a zinc-rich continuation of the Broadview Mine with average values of 38 ppb Au, 8.7 g/t Ag, 0.12% Cu, 0.90% Pb, and 5.10% Zn over 4.73m. Analysis revealed high graphitic carbon content in the black schist unit, explaining the conductive anomaly. The findings suggest the North and South Tusks are related to a large thermal alteration zone underlying the Thor epithermal deposit.

Taranis Resources has completed its previously announced private placement, raising $250,000 through the sale of 454,546 flow-through units at $0.55 per unit. Each unit includes one flow-through common share and one warrant, allowing holders to purchase an additional common share at $0.50 until November 13, 2026. All securities are subject to a hold period until March 14, 2025. Company insiders subscribed for all units, with the transaction qualifying for exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.

Taranis Resources has completed its 2024 exploration program at the Thor project near Trout Lake, British Columbia. The program included ten deep drill holes totaling 3,859.5 meters, with seven holes averaging 501m depth targeting areas below the epithermal deposit. The company also conducted exploration in the Horton Area, completing three short diamond drill holes totaling 273.64 meters.

The program included extensive surveys with VLF, ground magnetic/gradiometer measurements, and soil sampling. The Horton Area, impacted by 2024 wildfires, revealed new outcrops and high-grade surface boulders. A single confirmation drill hole of 109.12m was completed near the Great Northern Zone. Results from the analytical sampling, which included approximately 865 samples testing for mineralization, rare earth elements, and major oxide geochemistry, are pending.

Taranis Resources (TSX.V:TRO, OTCQB:TNREF) announces a non-brokered private placement offering of up to $250,000, comprising up to 454,545 flow-through units at $0.55 per unit. Each unit includes one flow-through common share and one warrant, allowing purchase of an additional common share at $0.50 within 24 months of closing. The proceeds will fund Canadian Exploration Expenses for engineering work required under the Notice of Work permit for the bulk sampling plant at Thor property in British Columbia. Company insiders may participate in the offering, which is subject to TSX Venture Exchange approval.

Taranis Resources has signed an agreement to acquire a 100% interest in 1,699 hectares of mineral tenures adjoining its Thor project in British Columbia. The acquisition includes 1,637.9 hectares of Mineral Tenures and 61.4 hectares of Placer Tenures, subject to a 1% NSR to the vendor and a $40,000 cash payment upon title transfer. This addition increases Taranis's holdings in the Silver Cup Mining District to 5,445 hectares. The land package includes 11 Mineral Tenures and 2 Placer Tenures, covering parts of the Silver Cup Mining District, including the Nettie L. Mine and portions of the Silver Cup Mine area.

Additionally, Taranis announced the closing of a $200,000 private placement, selling 666,666 flow-through units at $0.30 per unit. Insiders purchased all units, constituting a related party transaction under TSX-V Policy 5.9 and MI 61-101. The company relied on exemptions from formal valuation requirements and obtained disinterested shareholder approval at its recent Annual General and Special Meeting.

Taranis Resources Inc. (TSXV:TRO)(OTCQB:TNREF) has announced the restart of exploration activities at its Thor epithermal deposit following a significant wildfire. The fire affected approximately 75% of the core deposit area, causing extensive damage to vegetation. Despite the fire's intensity, Taranis' core infrastructure remained unscathed, including the core library, exploration camp, and bridges.

Drilling operations are set to resume on Tuesday after securing the affected areas. The company has mobilized an excavator to mitigate the risk of falling trees. One exploration drill sustained fire damage but is expected to be operational soon. The B.C. wildfire service estimated the burn area at 596 Hectares six days ago, and an Evacuation Alert remains in effect since July 23.

Taranis Resources, trading under the symbol TNREF, has initiated a deep drilling program at its Thor property, targeting anomalies identified in a previous airborne survey. The drilling focuses on the Broadview Mine area of the Thor epithermal deposit.

Additionally, Taranis has successfully exercised a third tranche of share purchase warrants, raising $100,000, adding to a total of $600,000 from 3,000,000 warrants exercised at $0.20 per share. The funds are earmarked for ongoing exploration activities.

Furthermore, the company closed two private placements: 1,353,888 non-flow-through units at $0.27 per unit for $365,500, and 20,000 flow-through units at $0.30 per unit for $6,000. These placements include warrants exercisable at $0.35 until July 2026. An additional $200,000 in FT Units is pending shareholder approval.

Taranis Resources announced the commencement of its deep drilling program at the Thor project in Estes Park, CO. This 2024 exploration will be executed by Atlas Diamond Drilling, targeting two primary zones with potential for large, bulk mineable deposits. The first target, an Intrusive Target, is characterized by a 1,300 m x 1,000 m magnetic-low with evidence of significant mineral alteration and enrichment. The second target involves two conductive features known as Tusks, each approximately 3 km long, associated with high-grade mineralization and hypogene alteration. Atlas, experienced with Thor's conditions from previous drilling in 2018, will conduct the drilling.