TCC Trenchant Capital Corp

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") has been
formally notified that Driven Capital Corp. (TSX VENTURE:DVV) ("Driven") will
not be continuing with its option to explore Tarsis' White River property,
located in southwestern Yukon.


Tarsis plans to assimilate the data collected by Driven and determine the most
effective means to advance the project. The Company thanks Driven for its
efforts and wishes the team future success. 


During 2012, Driven completed a first phase diamond drill program comprising
1,327 meters in seven holes and spent approximately $833,000 at White River.
This was the first time that the project had been drilled. While gold
mineralization was detected in all holes, the grades and thicknesses encountered
did not meet Driven's expectations. Driven also cited the continuing difficult
market conditions for junior mineral exploration companies and the challenging
financing environment. Drilling primarily targeted the HG Zone with 5 holes
testing a 275 m portion of the 1,000 m long target while single holes were
located at the MB and Cool Zones. No drilling was conducted at the MS2 Showing.


The White River 2012 Exploration Program

In total, 1,327 meters were drilled in seven holes during the 2012 exploration
season. All holes targeted structurally associated gold-copper-silver
mineralization in localized portions of the HG, Cool and MB zones. 


Drill core from each hole displays numerous multi-phase veins, breccia and shear
zones containing varying combinations of secondary
calcite-arsenopyrite-chalcopyrite-pyrite supporting previous interpretations of
extensive hydrothermal activity. These structural zones range in thickness from
0.94 to 12.95 meters and as previously reported, a number of these zones have no
surface expression.


Moderately elevated gold values were identified in all holes with assays ranging
from 0.42 to 2.78 g/t gold over intervals ranging from 0.76 to 1.47 meters. The
elevated gold intervals are generally associated with strongly anomalous arsenic
(greater than 10,000 ppm in some samples) and bismuth values. Core recovery was
poor in a number of intervals due to the high degree of fracturing, strong
surface oxidation/weathering and presence of clay-rich gouge. 


At the MS2 Showing, two select prospecting samples were collected from an
unsampled hand trench excavated in 2011. Each specimen comprises locally
weathering disseminated to semi-massive arsenopyrite in silicified metasediments
interpreted to be part of the Yukon-Tanana assemblage underlying the
stratigraphic sequence hosting the HG, Cool and MB zones. The two samples
collected returned 18.90 and 3.25 g/t gold and both samples have strongly
anomalous accessory arsenic, bismuth and tellurium. The MS2 Showing is located
approximately 500 meters south of the HG Zone in an alpine plateau coincident
with a well-defined Induced Polarization chargeability anomaly that remains
untested by diamond drilling. 


In addition, two main areas of arsenic-copper+/-gold soil geochemical response
previously outlined at the SouthWest and North Anomalies require further
exploration. Soil sample sites within the SouthWest Anomaly returned gold values
ranging from below detection to 1.67 g/t within a well-defined northeasterly
trend. 


About Tarsis Resources

Tarsis is an exploration company following the prospect generator business
model. The Company acquires prospective exploration projects by acquisition or
through its own grass roots generative exploration, adds value and then 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tarsis Resources Ltd.
Marc G. Blythe, P.Eng., MBA.
President and Chief Executive Officer
(604) 689-7644


Tarsis Resources Ltd.
Mark T. Brown, C.A.
Chief Financial Officer
(604) 687-3520
info@tarsis.ca
www.tarsis.ca

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