Taranis Resources Identifies New Copper-Gold Zone in Kettukuusikko Center Zone, Finland



    LAKEWOOD, CO, April 3 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:
TRO), a Colorado-based resource company with a number of gold and silver
projects in Nevada, British Columbia and Finland, is pleased to provide an
update of its winter 2006/2007 exploration drilling program on the
Kettukuusikko Property, Finland.
    Taranis has currently completed 2,421.7 m of diamond drilling in 23 holes
at Kettukuusikko, of which only selected analytical results have been received
to date owing to slow turn-around of analytical results.

    Kettukuusikko Center Zone ("KCZ")

    As part of Taranis' systematic and widespread exploration of a number of
geophysical targets outside of the KSZ, Taranis has identified an important
zone of copper and gold mineralization that lies between the previously
identified Kettukuusikko North Zone ("KNZ") and the Kettukuusikko South Zone
("KSZ"). This year's exploration has indicated that the gold bearing KSZ and
KNZ zones are connected by widespread disseminated
pyrite/pyrrhotite/arsenopyrite mineralization that is now referred to as the
Kettukuusikko Center Zone ("KCZ") which extends for approximately 600 m in
strike length, and lies along the east contact of an intrusive talc-chlorite
schist ultramafic body.
    Ground magnetics and drill hole geophysical data indicate that the
NNW-trending Sirkka Fault has a prominent structural flexure where Taranis has
found widespread copper mineralization in two widely- spaced drill holes. The
copper mineralization occurs as chalcopyrite within a silicified and
tourmalinized breccia body.

    
                           KCZ "Copper-Gold Zone"

    Drill holes K-82 & K-77 intersected significant copper mineralization in a
previously unknown area that was targeted using I.P. surveys completed in the
summer of 2006. These two drill holes, used in conjunction with other drill
holes completed in the KCZ, have outlined a copper-rich portion of the KCZ
that plunges steeply southward, and has only been tested to a depth ranging
from 32m below surface to 88m below surface. This zone remains open at depth
where indications are the zone widens and exhibits more intense hydrothermal
alteration.

    -------------------------------------------------------------------------
    Drill Hole         From            To             Interval         Cu (%)
    Number            (meters)        (meters)        (meters)
    -------------------------------------------------------------------------
    K-82               43.02           48.14            5.12            0.70
    -------------------------------------------------------------------------
    including          45.49           48.14            2.65            1.16
    -------------------------------------------------------------------------

    Hole K-82 also identified anomalous gold values (maximum of 0.51
grams/tonne Au), arsenic (maximum of 1,290 ppm), cobalt (maximum of 329 ppm),
molybdenum (maximum of 29 ppm) and nickel (maximum of 0.175%) that
geochemically is unique from the KSZ.

    -------------------------------------------------------------------------
    Drill Hole         From            To             Interval         Cu (%)
    Number            (meters)        (meters)        (meters)
    -------------------------------------------------------------------------
    K-77               83.97          113.00           29.03            0.24
    -------------------------------------------------------------------------
    Including          92.50           99.00            6.50            0.53
    -------------------------------------------------------------------------

    Hole K-77 also includes geochemically anomalous gold values (maximum of
0.42 grams/tonne Au) and also anomalous values of arsenic, cobalt, molybdenum
and nickel that demonstrate the continuity with the same zone identified
up-dip in drill hole K-82.
    Drill Hole K-70 was drilled only to a shallow depth of 44.50 m (70 m east
of K-82) and has intersected anomalous gold mineralization on the east side of
the KCZ Copper-Gold Zone that bears a strong resemblance to the KSZ located
420 m south. This zone remains open to the north and at depth.

    -------------------------------------------------------------------------
    Drill Hole         From            To             Interval           Au
    Number            (meters)        (meters)        (meters)   grams/tonne)
    -------------------------------------------------------------------------
    K-70               16.00           17.00            1.00            8.31
    -------------------------------------------------------------------------
    

    John Gardiner, President and CEO of Taranis Resources Inc., states "The
KCZ is an important part of understanding the widespread extent and geologic
nature of gold and copper mineralization at Kettukuusikko. The occurrence of
copper mineralization on the property in conjunction with gold, suggests a
deposit type similar to the Saattapora copper-gold Mine located 40 NW km of
Kittild. At Kettukuusikko, it appears that an originally contiguous
copper-gold deposit has been structurally dismembered, both by movement along
the Sirkka Fault Zone, and also by intrusion of an ultramafic body". Taranis
is continuing to explore a number of other high-priority targets on the
property, and will complete further drilling in the KCZ Copper-Gold Zone
before completion of its 2007 drilling program.

    Other Information

    Royal Gold, Inc. has earned a 2% NSR in Kettukuusikko by having funded
US$500,000 of exploration costs on the project. If Royal Gold completes an
additional US$600,000 in funding, Taranis and Royal Gold will enter into a
Partnership Agreement, in which event the 2% NSR Royalty will terminate and
Royal Gold will earn a 51% interest in the property. However, if Royal Gold
ceases funding prior to reaching US$600,000, it will retain its 2% NSR
royalty.

    About Taranis Resources Inc.

    Taranis is a precious metal resource company that owns 100% interests in
three active exploration project: 1) three properties ready for drilling in
Nevada, USA 2) the advanced-stage Kettukuusikko property located in Lapland,
Finland, currently being explored and drilled by Taranis and Royal Gold, Inc.
of Denver and 3) the Thor property located in British Columbia. Taranis
currently has 13,690,168 shares issued and outstanding (15,868,418 shares on a
fully-diluted basis).
    Analytical work was completed by the GTK Geolaboratory that is accredited
to SFS-EN ISO/IEC 17025. The certification also complies with the Standards
Council of Canada (CAN-P-1579). Drill core is logged in secure facilities in
Kittild, and is transported to the GTK core facilities in Rovaniemi where
drill core is sawed in half for analysis. One half is retained for geologic
records and further assay verification if required. Exploration activities on
the Kettukuusikko Property were overseen by John Gardiner (P. Geol.) and
Jim Helgeson (P. Geo.), who are both Qualified Persons under the meaning of
Canadian National Instrument 43-101.

    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

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TARANIS RESOURCES INC.

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