Taranis Identifies a Hydrothermally Altered, Sulfide-Bearing Intrusive Stock Associated with Historic Gold-Silver Occurrence and Connected to Thor

About this update from Taranis Resources Inc.

Not just a deposit - But Clearly a District! ESTES PARK, CO / ACCESS Newswire / August 5, 2026 / Taranis Resources Inc. ("Taranis" or the "Company") (TSXV:TRO)(OTCQB:TNREF) is providing some initial findings from the expanded exploration program currently underway on the company's 6,400 Ha exploration project located in Southeast British Columbia. Taranis has located an intrusive body in outcrop on its newly acquired Mineral Tenures, which were appended to Taranis' mineral property in January 2025. This new, definitive identification of an intrusive body is of major significance to the company's ongoing investigations of the Silver Cup mineral district for linked porphyry-epithermal systems potential. The intrusive stock ("GUS") is located 3.7 km southeast of the Borr epithermal zone discovered in 2025, which is itself located 1.3 kilometers to the southeast of Taranis' NI 43-101 Thor Mineral Resource. All three of these features are connected by the Thor Lamprophyre Dyke, a conspicuous aeromagnetic feature that can be traced throughout Taranis' property and upwards of 16 km in total length where it is closely affiliated to historical past-producing mines. Geological Significance of GUS Phaneritic intrusive rocks have not previously been identified at Thor, but airborne geophysics identified a large, circular resistive anomaly (I-1) that has been interpreted as a deep-seated, blind intrusive target. Deep drilling aimed at this feature in 2025 intersected the Thor Lamprophyre intrusive beneath Thor, and it is believed the lamprophyre is located directly on top of the postulated I-1 intrusive body. Approximately 6.4 km southeast of Thor is the GUS prospect. At GUS, an intrusive body (syenite) and associated skarn alteration bears remarkable similarity to the alteration found in deep drilling near the Thor deposit. The metasedimentary rocks on the west side of GUS are grossular-andradite skarn, exhibiting intense white-blue/green bleaching. Contact alteration extends for approximately 340m to the west of the GUS intrusive, and currently it is unclear if the alteration is due to contact metamorphism from the GUS intrusive body itself, or if it comes from the Thor Lamprophyre Dyke. In 1984, Moly Gold Resources drilled one shallow drill hole (dip -450, strike 0300 - TD 31.39m) in the metasedimentary skarn 126 m to the west of the GUS intrusive, intersecting 13....

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