Tarsis Announces $502,500 Financing

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that it has agreed to raise $502,500 by way of a non-brokered
private placement. Tarsis makes every effort to minimize its overhead costs and
focus its investment capital on prospect generation, early stage exploration,
and optioning out its projects for further funding by partners. To date, Tarsis
has optioned out three projects since inception and the latest project to be
optioned out, the White River Project, was drilled by its optionee in the past
two months. 


The financing will consist of a total of 3.35 million units (a "Unit") at $0.15
per Unit for gross proceeds of $502,500. Each Unit is comprised of one common
share and one non-transferable common share purchase warrant. Each warrant
entitles the holder to purchase one additional common share for a 36 month
period at a price of $0.25 per common share. 


Marc Blythe, President commented that "in keeping with our attention to our
share capital structure, we will only issue a limited amount of shares while the
markets are generally in a low state. These funds will be highly levered with
the work done to date on our projects and the low acquisition costs we have for
new properties."


About Tarsis Resources

Tarsis is an exploration company following the prospect generator business
model, with mineral properties in the Yukon, Canada and 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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