TCC Trenchant Capital Corp

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that the financing announced on January 24, 2012 and increased on
February 9, 2012 has been closed. 


Tarsis issued 4.8 million units (a "Unit") at $0.25 per Unit for gross proceeds
of $1.2 million. Each Unit is comprised of one common share and one half of a
non-transferable common share purchase warrant. Each warrant entitles the holder
to purchase one additional common share on or before August 11, 2013 at a price
of $0.40 per common share. 


The securities issued are subject to a four month hold period expiring on June
11, 2012. Insiders participated in the offering for a total of 440,000 Units. 


The proceeds will be used for certain prospect generation efforts in the Yukon
and elsewhere, certain early stage exploration work to upgrade currently held
projects, and for general corporate purposes.


About Tarsis Resources

Tarsis is an exploration company following the prospect generator business
model, with nine mineral properties in the Yukon, Canada and one in Mexico. The
Company acquires prospective exploration projects when metal prices are low or
of strategic value, and vends or options out projects to partners for
advancement.


On behalf of the Board,

Marc G. Blythe, P.Eng., MBA, President, Director and CEO

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