TCC Trenchant Capital Corp

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that diamond drilling has commenced on its White River property,
located in south-western Yukon. Project optionee Driven Capital Corp. (TSX
VENTURE:DVV) ("Driven") is funding the 2012 exploration program on this project
which includes a 1,500 meter first phase diamond drill campaign.


Drilling will target both the HG Zone and the Cool Zone which returned
high-grade gold, copper and silver assays from select prospecting samples
collected during 2010 and 2011. 


Marc G. Blythe, President and CEO, commented that, "It is very pleasing to see
the initial diamond drilling begin on this project, which is a grass roots
discovery we made in 2010. Drilling will target zones confirmed by hand
trenching carried out during 2011." 


Option Agreement

Under the terms of the option agreement, Driven can earn a 60% interest in the
White River property by completing the following commitments before January 15,
2016:




--  Making cash payments to Tarsis of $400,000 ($50,000 received) 
--  Issuing two million Driven shares to Tarsis (250,000 shares received) 
--  Completing $4.25 million in exploration expenditures on the Project



Tarsis will retain a 2% NSR royalty on any minerals produced from the property,
half of which may be purchased for $2 million by Driven.


Once earn-in obligations have been completed, a joint venture will be formed to
operate the project.


The technical information contained in this press release was prepared by Mr.
Marc G. Blythe, P.Eng., the President and CEO of Tarsis Resources Ltd. Mr.
Blythe is a Qualified Person as defined by NI 43-101.


About Tarsis Resources

Tarsis is an exploration company following the prospect generator business
model. The Company acquires prospective exploration projects through its own
grass roots generative exploration, and vends or options out projects to
partners for advancement.


On behalf of the Board,

Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer

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

Trenchant Capital (TSXV:TCC)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025

Trenchant Capital (TSXV:TCC)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025