Taranis Verifies 38.48 grams/tonne Au Over 1.50 m Prospect between Broadview and Great Northern Zones at Thor, British Columbia



    LAKEWOOD, CO, March 25 /CNW/ - Taranis Resources Inc. ("Taranis")
(TSX.V: TRO) has completed analyzing the results from the 2007 surface
sampling program, and has been able to re-locate a gold-rich zone that was
discovered in 1970 by Columbia Metals Corporation Limited ("Columbia Metals").
The Switchback Zone occurs within the Combined Metals Unit ("CMU")
approximately half-way between the Great Northern Zone ("GNZ") drilled in
2007, and the Broadview Zone ("BZ") located 530 m south of the south end of
the GNZ.

    Columbia Metals Work on the "New" Zone (1969-1972)

    Columbia Metals prospected an area west of Taranis' 2007 summer
exploration drilling in June 1969, and identified a gold-rich zone at surface
called the "New" Zone ("NZ"). In a report dated 1972, Columbia Metals stated
that the NZ was located 152 m south of the TFZ No. 1 portal, and mineralized
grab samples from this area over a 34 m strike length yielded the following
assays:

    
    -------------------------------------------------------------------------
    Columbia            Gold          Silver         Lead (%)        Zinc (%)
    Sample No.         (grams/ton)    (grams/tonne)
    -------------------------------------------------------------------------
    A                   6.22           2,575            28.3             2.5
    -------------------------------------------------------------------------
    B                   4.98           1,599            28.5             4.5
    -------------------------------------------------------------------------
    C                   3.42           1,313            15.0             0.8
    -------------------------------------------------------------------------
    

    Bulldozer excavations undertaken in December, 1970 exposed a strong fault
zone striking NNW and dipping 60 degrees east, between 0.3 and 4.0 m thick,
carrying variable amounts of pyrite, galena, sphalerite and chalcopyrite. The
zone was shown to have a strike length of 120 m, although the bulldozer was
unable to expose the zone for any great distance due to thick cover. A single
drill hole (DH-1) to a depth of 33 m in 1970 failed to test the showing since
the hole was located too far to the east. Since none of the 2007 drill holes
tested this area, it is difficult to say if this is a portion of the CMU, or a
parallel body located further west of the CMU.

    Switchback Zone

    Another zone, 366 m south of the NZ was also discovered in 1970 in a
road-cut on the Northern Light Crown Grant Claim. This area is 290 m south of
the southernmost section of holes drilled in the GNZ in 2007 that intersected
widespread mineralization (see News Release dated Nov 5, 2007), and 280 m
north of the northernmost exposure of the BZ. Two chip samples taken by
Columbia Metals in 1970 (the second one being a duplicate sample) taken across
the zone assayed as follows:

    
    -------------------------------------------------------------------------
    Columbia   Gold          Silver        Lead (%)      Zinc (%)   Width (m)
    Sample No. (grams/tonne) (grams/tonne)
    -------------------------------------------------------------------------
    Chip-1     38.48         508.89         1.55          0.70          1.50
    -------------------------------------------------------------------------
    Chip-2
     (dup)     37.32         918.49         Trace          Nil          1.50
    -------------------------------------------------------------------------
    

    Taranis conducted a widespread, limited surface prospecting and
rock-sampling program in 2007, and re-sampled the zone. One grab sample was
taken on the surface showing confirmed the presence of high-grade gold at the
Switchback Zone ("SW").

    
    -------------------------------------------------------------------------
    Taranis    Gold          Silver        Copper (%)  Lead (%)      Zinc (%)
    Sample No. (grams/tonne) (grams/tonne)
    -------------------------------------------------------------------------
    308048     12.54         208.0          0.56          1.98          3.89
    -------------------------------------------------------------------------
    

    The SW is dominated by quartz-rich rock and corresponds to the gold-rich
cherty exhalite portions of the CMU found at the TFZ.
    John Gardiner, President and CEO of Taranis states "The ongoing
assessment of Thor and part of the recent technical data acquired by Taranis,
continues to reveal additional mineralized zones that apparently have never
been tested by drilling. The SW is important since it lies in the CMU halfway
between the Broadview and Great Northern Zone where Taranis has been able to
document widespread precious and base metal mineralization suggesting that the
CMU is mineralized in its entirety. Sampling by both Taranis and Columbia
Metals in the SW has documented an extremely high gold content, and a high
level of priority will be given to drilling this area in the summer of 2008."

    Reliability of Data

    While Taranis was not responsible for the collection of some of the data
in this News Release, it does consider the data highly reliable and will be
used to guide its exploration activities on the Thor project. Review of the
data was completed by John Gardiner (P. Geol.) who is a Qualified Person under
the meaning of Canadian National Instrument 43-101.
    Analytical work completed by Taranis was completed by the AccurAssay
Laboratories in Thunder Bay, Ontario, that is accredited to Standards Council
of Canada, Scope of Accreditation 434 (conforms with requirements of CAN-P-4D
(ISO/IEC 17025), and CAN-P-1579). Grab sampling undertaken in the surface
exploration program was completed by taking representative samples from the
surface, and accurately recording the location and hand specimen descriptions
of the samples. Exploration activities on the Thor property were overseen by
John Gardiner (P. Geol.) and Jim Helgeson (P. Geo.), both Qualified Persons
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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