TCC Trenchant Capital Corp

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") has
received approval from the TSX Venture Exchange to extend the term of the
warrants which would have expired on April 1, 2012. Tarsis has also received
notice that its optionee on the Prospector Mountain project has decided to hand
the project back after completing $2.7 million in exploration work. 


Marc Blythe, President and CEO, commented that, "We are maintaining our focus on
finding good exploration targets and optioning them out to qualified exploration
teams to limit our exploration risk while maintaining exposure to the
exploration success for Tarsis shareholders. We view the return of the
Prospector Mountain project as a good opportunity for Tarsis and, potentially, a
new option partner."


Warrant Extension

4,100,000 warrants granted on October 1, 2010 with the original expiry date of
April 1, 2012, are now extended to expire on April 1, 2013, with each warrant
entitling the holder to purchase one common share of the Company at $0.50 per
share. This will allow Tarsis to have two sets of warrants coming due during the
next two years which have the potential, if exercised, to provide most of the
funding that Tarsis would need to continue operating under the prospect
generator model. 


Prospector Mountain

Tarsis optioned out the Prospector Mountain project in the Yukon in 2009 to
Silver Quest Resources Inc., lead by a well qualified exploration team. Silver
Quest was taken over late in 2011 and the project was transferred to a new
company called Independence Gold Corp. which has returned the project. Tarsis is
in the process of collecting all of the data on the project and now has the
opportunity to re-assess the data and either find better targets on the project
or drop the project. We expect our review of the data to be positive and that
further exploration work on the project will be warranted. Exploration work
costing $2.7 million was done at no cost to Tarsis shareholders and Tarsis
thanks the Silver Quest team for their efforts. Management plans to provide
further details on the work completed by the optionee once it has received and
analysed the data, as well as its future plans for the project.


Annual General Meeting

All shareholders are invited to attend the Annual General Meeting of the
shareholders of Tarsis to be held on April 24, 2012 at 10:00 PST at Suite 1103 -
750 West Pender Street, Vancouver B.C., Canada.


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

This news release was prepared by Company management, which takes full
responsibility for content.

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