The article analyses the current state of the mammal fauna of part of Podolian Transnistria, which lies between the rivers Zbruch and Zolota Lypa (southern Ternopil Oblast, Ukraine). To designate the region, the publication uses a term from old Polish sources—Canyon Transnistria—which reflects the prevailing landform. The area of research in old faunal summaries is mentioned only as part of wider regions, such as Galicia, western Ukraine, or Ternopil Oblast. Over the past decades, the number of publications on the mammal fauna of this particular region has increased substantially, which makes it possible to make a summary overview. The modern mammal fauna of the region comprises 60 species belonging to 7 orders, 20 families, and 41 genera. Over the past 70 years, the mammal fauna of the studied region has undergone significant changes. Its dynamic component is almost 27%. It includes species of recent immigrants (Blyth’s pipistrelle Pipistrellus lepidus, mound-building mouse Mus spicilegus, muskrat Ondatra zibethicus), as well as two species that recovered their range (Eurasian beaver Castor fiber, wildcat Felis silvestris); the dynamic component also includes three extinct or probably extinct species—Geoffroy’s bat (Myotis emarginatus), Podolian ground squirrel (Spermophilus odessanus), and European rabbit (Oryctolagus cuniculus). A group of phantom species has been singled out, which are known only from single old finds, and modern studies of these species are far from sufficient to understand their status. It includes the lesser mouse-eared bat (Myotis oxygnathus), Nathusius’s pipistrelle (Pipistrellus nathusii), southern birch mouse (Sicista loriger), and Podolian mole rat (Spalax zemni). Such species as the long-eared bat (Plecotus austriacus) and the pygmy field mouse (Sylvaemus uralensis) appeared in the lists of the mammal fauna of the region due to changes in taxonomy. The rare component of the mammal fauna comprises 18 species (30%). The article provides a brief description of the current state of mammal populations in the region. Conservation recommendations are given for rare species.