Taranis Resources Inc. Advanced Stage Ag-Au-Pb-Zn-Cu Exploration Project, British Columbia Paving the way for mine permitting in fall 2017 3/6/2017 Taranis Resources Inc. (Version 1.3) 1
Taranis Resources Inc. TSX-V: TRO & OTCQB: TNREF. 54,451,716 shares issued and outstanding (62,151,716 fully diluted). Incorporated in 2003. 5 directors each with over 25 years of experience in the mining sector. 100% interest in Thor and Sambow Properties north of Trout Lake, southeast British Columbia. No royalties. Corporate Profile
Regional Geology & Silver Cup Mining District Thor occurs within a 40 mile long belt of precious metal deposits that occur in three belts The Central Mineral Belt is by far the most significant, and has seen virtually no exploration or development since WWII. Located close to infrastructure and experienced mining workforce. Abundant opportunity to develop satellite deposits. 3/6/2017 Taranis Resources Inc. (Version 1.3) 3
Comparison of 3 Silver Districts Thor belongs to a rare and unique collection of high-grade silver deposits that are relatively small in size compared to classic, massive sulphide deposits depleted in gold and silver. Other examples include the Dolly Varden Mine in British Columbia and the Keno Hill Mine in the Yukon. Eskay Creek is another example (mined-out). Thor compares favorably with these two historic mining camps. Taranis Resources Inc. (Version 1.3) 3/6/2017 4
Compare & Contrast - Tonneage 2017 Goal Thor is in the developmental stage and prior to 2013 had no Resource. Keno Hill and Dolly Varden are mature districts that are encumbered by previous mining. The grade of Thor is intermediate to Dolly Varden and Keno Hill (AgEq). Thor is the ONLY low-cost open pittable deposit of the three. 3/6/2017 Taranis Resources Inc. (Version 1.3) 5
Compare and Contrast Metal Contribution Thor is a true polymetallic deposit which is dominated by precious metals. Keno Hill is also a polymetallic deposit, but has significantly less gold than Thor. Dolly Varden is virtually all silver, with no gold and traces of base metal that are not recoverable. 3/6/2017 Taranis Resources Inc. (Version 1.3) 6
North 3/6/2017 Taranis Resources Inc. (Version 1.3) 7
Thor Project: History Property acquired in 2006 from the T. Eaton Estate, includes five known deposits located within the historic Silver Cup Mining District. 27 contiguous Crown Grant Mining Claims dating from 1898 with surface rights that allow unabated mining and development rights. 3,029.7 Hectares (30.3 sq. km) of Mineral Tenures added around the deposit from 2007-2016. Deposits had underground exploration development completed in the early 1900 s prior to the advent of diamond drilling. High-grade ore was taken from St. Elmo and Broadview to Trail, B.C. in the early 1900 s, and one attempt was made at mining the True Fissure deposit in the early 1970 s by Columbia Metals. Circa 1900 photo at the Blue Bell Mine, Thor property 3/6/2017 Taranis Resources Inc. (Version 1.3) 8
Thor Project: Location Located in Southeast British Columbia 60 km southeast of Revelstoke. Town of Trout Lake is 8 km southwest of the project. Paved and gravel roads access the property. Local workforce mining knowledgeable, and have good relationship with Taranis including two seasonal employees. Thor Deposit Trail Smelter 3/6/2017 Taranis Resources Inc. (Version 1.3) 9
Deposit: Key Facts Thor is a felsic-siliclastic dominated volcanogenic massive sulfide deposit ; which are typically large (5-20 Million tonnes) and economically attractive. Deposit is exceptionally high-grade and typical of many of the deposits in the Silver Cup District. Main commodities are silver, gold, zinc, lead and copper. Deposit is near-surface, and consequently almost all of it is low cost, open pit mining accessible. Is a precious metal District with no previous consolidation. 3/6/2017 Taranis Resources Inc. (Version 1.3) 10
Growth Trajectory for 2017 Drilling results from 2014-2016 indicate Thor is considerably larger than 2013 RPA NI 43-101 Resource Estimate and 2017 Exploration planned drilling is broken down into First & Second Generation ( 1G & 2G ). 1G exploration is continued drilling of the known deposit near-surface. Low risk exploration in areas known to be mineralized. Expected to fulfill 2.5 Mt objective in near term. 2G exploration is exploration outside of the known deposit aimed at finding additional contiguous deposits which have the potential to multiply existing Resource. Potential to add considerably more tonnage to existing deposit outside of known deposits Ridge Target, deep targets, & Sambow. 3/6/2017 Taranis Resources Inc. (Version 1.3) 11
1G Exploration 2017 drilling program is aimed at reaching 2.5 Million tonne threshold that is deemed to be a suitable size for a stand-alone operation. There are several areas of the deposit including Broadview, Great Northern Footwall, Scab Zone and the Ridge Target that have not been drilled but are known to be mineralized. These areas are currently in the permitting process and will be ready for the summer 2017 drilling program. Delineation drilling in these areas is expected to meet 2.5 Mt objective. 3/6/2017 Taranis Resources Inc. (Version 1.3) 12
Ridge Target 2G Exploration Major exploration target that is currently undergoing permitting and will be first drilling in 2017 owing to its importance. Significance was only recently recognized after structural geology and satellite imagery was interpreted in 3D. No drilling has been done in this area, and the existing Thor deposits have not been drilled under the major topographic ridge north of Blue Bell. Major gossans are indicative of large buried sulphide deposit(s). Taranis Resources Inc. (Version 1.3) 3/6/2017 13
2G Exploration - Longitudinal looking at Ridge Target from West to East 3/6/2017 Taranis Resources Inc. (Version 1.3) 14
2G Exploration 2018 & Beyond Targets at Base of QFP Bodies Potential to find other deposits at Base of Volcanic Units (Jowett Formation). Base of Broadview QFP Possible continuation of deposit on west side of the Thor (Silver Cup) Anticline. Base of Blue Bell QFP Base of True Fissure QFP North 3/6/2017 Taranis Resources Inc. (Version 1.3) 15
M Oz. Ag Equivalent Resource Growth at Thor (2006-2017) ¾ - 1 M Oz. Au deposit M. Oz Ag Equivalent ( AgEq ) 45 40 35 30 25 20 15 10 5 0 Acquisition of Thor project in 2006 with no drill holes and Historical Resource. Maiden Roscoe Postle NI 43-101 Resource Estimate completed in 2013 on portion of drilled-out deposit. Snapshot Discovery and drilling of SIF, SIF Carbon, Great Northern Footwall and other zones at Thor. Major Drilling programs 2007 and 2008 (152 2006 drill holes) 2013 2017 September 2017 target after completing drilling on Scab Zone, Broadview, Ridge Target and other zones proven in 2016 drilling program. Late 2017 Completion of second and final NI-43-101 and compliant Preliminary Economic Analysis ( PEA ). 3/6/2017 Taranis Resources Inc. (Version 1.3) 16
Interim NI 43-101 Resource - April 2013 RPA (Base Case) Total: 1.04 Million tonnes @ 0.92 g/t Au, 183 g/t Ag, 0.14% Cu, 2.41% Pb & 3.39% Zn 3/6/2017 Taranis Resources Inc. (Version 1.3) 17
Precious metal deposit with by-product zinc & lead Silver is the main commodity of interest and constitutes 40% of the NSR metal contribution. Gold may be under-estimated as the full extent of high-grade gold zones on the project are not fully understood. Zinc component is likely higher as RPA completed their estimate at US$1.00/lb. zinc prices. True polymetallic deposit which can withstand fluctuations in individual commodity prices. Lead 20% THOR NSR METAL CONTRIBUTION Gold 16% Zinc 24% Silver 40% 3/6/2017 Taranis Resources Inc. (Version 1.3) 18
Metallurgy ALS completed metallurgical work in 2013 on both the sulphide deposit & the gold-rich SIF Zone. Deposit is amenable to conventional flotation and produces a Bulk concentrate (silver, gold & lead) and a separate Zinc concentrate. Both products are ideal for the Trail Smelter located 253 km by road to the southwest. Gravity Processing An alternative solution to flotation will be explored further in 2017 - a 100 kg bulk sample gravity concentration of the ore. (MetSolve). Utilization of the gravity plant would eliminate the necessity for an onsite flotation concentrator and could drastically reduce the Capex costs. This unique solution is made possible by the high-grade nature of the ore at Thor, and the fact that most of the value of the ore is tied into high specific gravity minerals (tetrahedrite, galena, sphalerite and chalcopyrite). 3/6/2017 Taranis Resources Inc. (Version 1.3) 19
Permitting & Environmental Taranis has a 5 year Notice of Work Permit to explore and develop Thor. A proactive approach to conducting environmental work on the project has been employed with a view that the deposit will be mined in the near future (2-3 years) and includes: Two years of climate data on the project - a prerequisite to get a full-scale mine permit. ARD analyses, ph sampling of the soil required for mining permits. Stream flow monitoring to begin in 2017 in preparation for mining permit applications. 3/6/2017 Taranis Resources Inc. (Version 1.3) 20
Gold Pilot Plant Fully permitted (mining & water use permits issued) to begin operation in mid-june 2017. Plant will collect metallurgical information on the SIF Zone to compare with the Resource estimate. Plant will net C$500-700K gold. Rated at 2 tonnes/hour. Serves as a stepping stone to larger-scale processing of the sulphide deposit. 3/6/2017 Taranis Resources Inc. (Version 1.3) 21
RPA Cash Flow Analysis - Cases (May, 2015) Several cases were examined at Thor by RPA engineers. These ranged from a Base Case to 5.5 Mt of ore (Case 4), and demonstrated the value created by reaching a +2.5 Mt threshold to the Resource at Thor. 3/6/2017 Taranis Resources Inc. (Version 1.3) 22
Cash Flow Results Financial modeling suggests that a deposit 2.5 5 M tonnes warrants serious consideration. Bigger is better A 13.7 year mine life @ 1,000 tonnes/day for a 5 M tonne deposit. 3/6/2017 Taranis Resources Inc. (Version 1.3) 23
Sambow Project After careful study of the geology and analysis of major structures it is highly likely that Sambow may host the continuation of Thor to the Silver Cup Mine. Minor exploration activity planned for 2017 that will include stream sediment sampling, and geophysical surveying. To Revelstoke Max Mill Sambow Project 24 3/6/2017 Taranis Resources Inc. (Version 1.3)
2017 Drilling Program Financing A total Budget of C$2.5 Million is required to complete the 2017 Exploration program, including: 10,000 m of diamond drilling. Update to NI 43-101. Preliminary Economic Analysis ( PEA ). Metallurgical work on gravity concentration. Preparation of mining permit applications. Financing amount and terms currently being determined, and will include some existing Flow Through & revenue stream from gold pilot plant. 3/6/2017 Taranis Resources Inc. (Version 1.3) 25
Leveraging Thor 3/6/2017 Taranis Resources Inc. (Version 1.3) 26
The Outcome 3/6/2017 Taranis Resources Inc. (Version 1.3) 27
Contact Information John Gardiner President and CEO, Taranis Resources Inc. Denver, Colorado johnjgardiner@earthlink.net Cell 720-209-3049 Office 303-716-5922 Vancouver 604-640-6360 Website: www.taranisresources.com 3/6/2017 Taranis Resources Inc. (Version 1.3) 28