Taranis Updates Shareholders on Disbursements of Taranis Securities to Matachewan and McChip Shareholders

• Taranis Resources issued an update on June 4, 2026, detailing the distribution of approximately 27.99 million Taranis shares to shareholders of two major entities: Matachewan Consolidated Mines and McChip Resources.
• Matachewan distributed 10,615,348 shares as part of a capital reduction, while McChip distributed 17,377,244 shares via a dividend-in-kind.
• Management explicitly warned that the influx of new shareholders will likely result in short-term liquidation and elevated trading volume, clarifying that the distributions are unrelated to the Thor project's operational progress.
• The company's fully diluted share count now stands at 122,608,613, representing a significant expansion of the public float.

• The distribution introduces a massive supply overhang, increasing the tradable float by approximately 27%. This creates immediate downward pressure on the stock price as new shareholders liquidate positions.
• While the geological progress at Thor remains unchanged, the capital structure impact is material. The explicit management warning regarding selling pressure confirms that the market will likely absorb this supply shock negatively in the near term.
• The news aligns with previous corporate actions but exceeds typical float expansions, making it a routine but impactful negative event for short-term price stability.

• Taranis Resources is a mineral exploration company focused on the Thor epithermal silver-gold deposit in the historic Silver Cup Mining District, British Columbia.
• The company has expanded its land package to over 6,470 hectares, encompassing multiple historic mines and prospects.
• Recent exploration has identified the Borr Zone, Nortran, and One O'Clock targets, suggesting the Thor deposit is part of a larger, district-scale mineralized system.
• Management emphasizes the discovery of lamprophyre intrusives and deep structural controls that may host significant epithermal and porphyry-style mineralization.