Taranis Resources Inc. V.TRO

NR - I assume to clean up the BS!

[TrumpThis]

As per #10 - 'Top 10 Reasons' to own Taranis (see posting of #10 Aug 7th) - low # of SO. BoD decided to clear off a couple of old loans from years back from BoD to the company - to have a clean, neat Balance Sheet (I assume, from the FS that I reviewed months past). In these terrible markets generally, and specifically bottom of the Jr resource cycle, TRO is all cashed up in the till, doing lots of careful work at the THOR Project (see "Connections" posting of #8 of Aug 11th) - including more drilling (see "Historical" brownfield posting #9 of Aug 8th), to add to the MRE (see posting of #7 of Aug 15th) economically, to prove more targets to add to the >250 DDH, trenching, spectometry, Mobile MT by Expert Geophysics, 3Ds, specialty mining consulting studies, and all the other geology & geophysical work since doing DD on the THOR Project in 2006 and ultimate acquisition in 2007 from the T. Eaton Estate. All the while with little G&A. Go Figure - as this is what sets Taranis apart from the 1000s of other Jr explorers - many of whom will fail.

                                       TARANIS RESOURCES INC.

           ANNOUNCES CLOSING OF FINAL PORTION OF DEBT SETTLEMENT

Estes Park, Colorado, August 14, 2023 –

Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] announces that it has closed the final portion of the debt settlement originally announced on December 5, 2022 as a result of having received disinterested shareholder approval for the closing of this final portion at its Annual General and Special Meeting held on August 1, 2023. The closing consisted of the issuance of 1,049,923 common shares at a deemed price of $0.17 per share to settle outstanding indebtedness of $178,487 – these shares are subject to a hold period in Canada until December 11, 2023.

About Taranis Resources Inc. For additional information on Taranis or its 100%-owned Thor project in southeastern British Columbia, visit our website at www.taranisresources.com.

Taranis currently has 94,587,027 shares issued and outstanding (109,262,027 shares on a fullydiluted basis).

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

For further information contact: John J. Gardiner 681 Conifer Lane Estes Park, Colorado 80517 Phone: [phone] Cell: [phone] [e-mail]

I'm in it for the long haul, have appreciated all the available and disclosed public information and visits to the site. GLTA, and devour TaranisResources.com website for the most thorough geo work in the industry.