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Lakewood, Colorado, December 14, 2011 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces that it has entered into debt settlement agreements with various creditors pursuant to which $94,759.05 of indebtedness is to be satisfied by the issuance of 631,727 common shares at a deemed price of $0.15 per share, subject to regulatory acceptance.
Taranis currently has 30,498,260 shares issued and outstanding (38,582,760 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per:John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
------------------------------------------------------------ |John Gardiner |George Kent | |14247 West Iliff Avenue |Suite 1406, 130 Carlton Street| |Lakewood, Colorado |Toronto, Ontario | |Phone: (303) 716-5922 |Phone: (416) 323-0783 | |Cell: (720) 209-3049 |Cell: (416) 697-0783 | |johnjgardiner@earthlink.net|georgerkent@sympatico.ca | | | | ------------------------------------------------------------
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