Taranis Acquires Metallurgical Data on Thor Project



    LAKEWOOD, CO, March 10 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:
TRO) has been able to acquire a number (5 bankers boxes) of historic
exploration reports compiled by Westmin Resources Limited on the Thor project
that address important exploration aspects of the property. Included in the
data are two feasibility reports prepared for Columbia Metals Corporation
Limited in 1970 (Dent and Ellsworth) by G.H.D. Consultants, and another
prepared in 1973 (Broadhurst) by H.B. & O. Engineering.

    Metallurgical Data

    A small 50 ton per day mill operated on the Thor Property prior to WWII
(1937-1938) and milled a total of 5,342 tons over a period of 148 days from
the True Fissure Zone ("TFZ"), but was not configured adequately to produce
the best concentrate. The following table describes the average assays for
lead and zinc concentrates during this period.

    
    -------------------------------------------------------------------------
    Element/Component            Lead Concentrate           Zinc Concentrate
    -------------------------------------------------------------------------
    Gold                         0.410 Oz/ton               0.03 Oz/ton
    -------------------------------------------------------------------------
    Lead                         46.96%                     2.55%
    -------------------------------------------------------------------------
    Zinc                         14.04%                     50.05%
    -------------------------------------------------------------------------
    Silver                       52.26 Oz/ton               7.90 Oz/ton
    -------------------------------------------------------------------------

    Lakefield Research Foundation of Ontario, Canada conducted metallurgical
tests for Min Conn Associates on material from the TFZ in August 1971 and
successfully produced lead and zinc concentrates using standard flotation
methods which had the following breakdown.


    -------------------------------------------------------------------------
    Element/Component            Lead Concentrate           Zinc Concentrate
    -------------------------------------------------------------------------
    Gold                         0.46 Oz/ton                0.02 Oz/ton
    -------------------------------------------------------------------------
    Lead                         47.3%                      1.69%
    -------------------------------------------------------------------------
    Zinc                         8.50%                      57.4%
    -------------------------------------------------------------------------
    Silver                       82.30 Oz/ton               2.08 Oz/ton
    -------------------------------------------------------------------------
    Copper                       1.68%                      0.20%
    -------------------------------------------------------------------------
    Iron                         13.09%                     6.29%
    -------------------------------------------------------------------------
    Arsenic                      0.07%                      0.03%
    -------------------------------------------------------------------------
    Cadmium                      0.04%                      0.35%
    -------------------------------------------------------------------------
    Sulphur                      25.67%                     32.91%
    -------------------------------------------------------------------------
    Moisture                     11.1%                      12.5%
    -------------------------------------------------------------------------
    Ratio of
     Concentration               10.26                      10.76
    -------------------------------------------------------------------------
    

    Based on this data, it should be noted that two concentrations recover
most of the economic metals from the TFZ, and that the material can be
beneficiated using standard flotation methods. Also of note, is that the
precious/base metal lodes contain only low levels of arsenic and cadmium.

    Reliability of Data

    While Taranis was not responsible for the collection of the data, it is
an indication of past processing results and will be used to guide its
exploration activities on the Thor project. This data review was completed by
John Gardiner (P. Geol.) who is a Qualified Person under the meaning of
Canadian National Instrument 43-101.

    About Taranis Resources Inc.

    Taranis currently has 14,847,008 shares issued and outstanding
(16,530,376 shares on a fully-diluted basis).

    TARANIS RE

SOURCES INC. Per: John J. Gardiner (P. Geol.), President and CEO The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: For Investor Relations, contact: John Gardiner,
14247 West Iliff Avenue, Lakewood, Colorado, Phone: (303) 716-5922 or (720)
209-3049, info@taranis.us; George Kent, 130 Carlton Street, Toronto, Ontario,
Phone: (416) 323-0783, georgerkent@sympatico.ca

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TARANIS RESOURCES INC.

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