Taranis Resources Inc. Announces Private Placement

2011-01-28

TSX - Toronto Stock Exchange · Gold · Copper · Silver · Uranium · Canada

Jan. 28, 2011 (TheNewswire.ca) --

Lakewood, Colorado, January 28, 2011 - Taranis Resources Inc. (TSXV:TRO) ("Taranis") [TSX.V: TRO] announces a $600,000 private placement, to consist of the sale of 3,000,000 common shares at a price of $0.20 per share. The proceeds from this private placement, which is subject to regulatory acceptance, will be used for working capital purposes.

About Taranis Resources Inc.

Taranis currently has 26,823,260 shares issued and outstanding (36,857,260 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geol.),

President and CEO

For further information contact:

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

Taranis Resources Inc. Announces Private Placement

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