Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is a Colorado-based resource company exploring a number of exploration projects in Canada, Nevada and Finland.

With only 18,207,875 shares issued and outstanding (21,839,216 shares on a fully-diluted basis), our company is well-positioned to benefit our shareholders. Our exploration efforts and capital are focused on advancing "top-notch" exploration projects into tomorrow's mines.

An Overview

Taranis Resources Inc. was incorporated in December 2001, and our mission is to explore and develop precious metal exploration properties with the objective of delineating mineral resources. Taranis' underlying strength is our competent Board of Directors, that have collectively logged over 180 years in the mining and exploration business.

• Taranis utilizes some of the most "state-of-the-art" exploration methods available to exploration companies.
• Taranis has an "in-house" capability to conduct virtually all exploration on its properties, which means exploration costs significantly less than other companies.
• It is our belief that when Taranis Resources Inc. is able to capitalize on a major discovery, it will contribute explosive growth to the existing shareholders.
• Taranis Resources Inc. has one of the lowest overheads in the exploration business, and strives to spend all of its funds drilling and evaluating exploration projects that will lead to exploration success.

Properties

In early 2007, Taranis acquired an advanced-stage exploration project in British Columbia called the Thor Project, which has 5 historic prospects that host copper, zinc, lead, gold and silver deposits. Thor is a prospective volcanogenic massive sulfide deposit.

Taranis is actively exploring the Thor property in British Columbia and the Midway East Project located in Nevada.

Taranis has also formed a Strategic Alliance with Royal Gold, Inc. of Denver to further explore the Kettukuusikko Project in Finland, and to seek other advance-stage gold projects in Finland.

Thor: The 100%-owned Thor property was acquired in early 2007 by Taranis after due diligence on the property identified widespread base and precious metal mineralization over a strike length of 1,400m.

A phase one diamond drilling program consisting of 60 diamond drill holes demonstrated further widespread mineralization on the property, and Taranis plans to accelerate the exploration of the property in 2007 using multiple drill rigs.

An “in-house” resource calculation completed in 2007 suggests that the property has potential to host a sizeable base/precious metal deposit that could be mined through conventional open-pit and underground methods.

A number of high-priority geophysical targets were located, the most important of which appears to be the “50-0-50” coincident magnetic and electromagnetic anomaly that occurs down-dip of all the existing mineralization on the property, and has never been tested.

Taranis also has a presence in Finland, where the company was recently re-issued key Mining Claims on the Kettukuusikko Gold Project.

In Nevada, Taranis has a number of exploration projects that are permitted and ready to drill - including the Caselton East and Tybo West silver-gold properties.