Taranaki have clawed their way to victory over Canterbury, lifting the Ranfurly Shield in a game that will go down as a classic.

With just five minutes left in the match, Taranaki were trailling by just one point with the score at 23-22, before being awarded a penalty nearly 50-metres out.

With success hinging on the boot of Jordie Barrett, the All Black star made no mistake, booking the Shield's ticket back to New Plymouth with a monstrous nudge, gifting the Bulls a one point lead.

Taranaki held on to their slim lead with Beauden Barrett sending the ball into touch at the fulltime siren, sealing a 22-23 victory for the visitors.