Taranis Resources Inc. provided update on its 2024 exploration program at Thor. Deep Drilling Program The Company has engaged Atlas Diamond Drilling to conduct drilling at Thor on several deep-seated drill targets. Atlas completed drilling in 2018 at Thor and is familiar with the terrain and project conditions.

There are two primary targets that will be explored with deep drilling; both having the potential to discover large, bulk mineable deposits: Intrusive Target ­ A large 1,300 m x 1,000 m diameter priapic-shaped magnetic-low capped by a magnetite-rich cupola. Limited outcropping related to the periphery of this feature in Broadview Creek show extensive epidote and chlorite alteration accompanied by banded magnetite and amphibole minerals. This unit is also characterized by potassium enrichment, and various feldspar minerals including plagioclase and orthoclase.

Tusks ­ Two conductive features approximately 3 km long each are spatially located around the Intrusive Target. The conductive Tusks do not outcrop at surface, and their geometric disposition suggests they are hypogene alteration related to the Intrusive Target, such as carbonate and sulfide mineralization. These conductive Tusks frequently exhibit bulges upwards into areas of high-grade mineralization such as at the Broadview Mine suggestive of a connection between the epithermal mineralization, the Tusks and also the intrusive Target.