TCC Trenchant Capital Corp

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that it has signed a non-binding Letter of Intent ("LOI") with
Almaden Minerals Ltd (TSX:AMM)(NYSE:AAU) ("Almaden") to acquire a 100% interest
in four gold/silver properties located in Nayarit and Jalisco, Mexico and two
gold properties in Nevada, USA. Work is underway to consummate the acquisition
through a formal agreement.


The Acquisition 

Under the terms of the LOI, Tarsis will acquire a 100% interest in the following
gold projects:




--  Mexico: Yago, Gallo de Oro, Mezquites and San Pedro 
--  Nevada: BP, BJS 



Tarsis will pay Almaden 4 million common shares and grant a 2% net smelter
returns (NSR) royalty on any production from the projects.


In addition, areas of influence will be outlined in Nevada and Mexico, where
Almaden will provide its proprietary data and concepts to Tarsis. In return,
Tarsis will issue 200,000 shares to Almaden for each new property acquired
within the area of influence. Tarsis will issue a further 800,000 shares to
Almaden upon the first time disclosure of a mineral resource on each and any of
the new properties.


Tarsis President & CEO Marc Blythe stated "We are very pleased to acquire
additional properties from Almaden and continue our relationship with them. We
respect their ability to identify high-quality mineralizing systems and we look
forward to advancing these properties using the prospect generator model."


The Properties 

Each of the properties located in Mexico feature epithermal style mineralization
and is prospective for gold and silver. 


The Gallo de Oro property features a gold and silver bearing epithermal system
with a mineralized extent of 2,500 metres. Extensive silicification and argillic
alteration is present with multiple orientations of stockwork quartz veining on
the property. Select prospecting samples recovered by Almaden returned assay
values ranging from below detection to 104 g/t gold while soil samples returned
values ranging from 0.3 ppb to 3.91 g/t gold. A paved highway is located one
kilometer from the main showings. Historic artisanal mining is evident with
small pits and shafts on the property, however there is no evidence of drilling.



The Nevada properties are prospective for gold and feature Carlin-style
pathfinder elements and geological settings believed to be supportive of this
model.


The road-accessible BP property is located on the Carlin Trend between the Rain
Mine and the Bald Mountain Mine. Regional geological maps indicate that three
main stratigraphic groups occur on the property; the Silurian Lone Mountain
dolomite (time equivalent and laterally transitional to the Roberts Mountain
Formation), the Early Devonian Sevy and Nevada Formations, the Early-Middle
Devonian Simonson Formation and the Late Devonian Chainman and Diamond Peak
Formations. The Ordovician Vinini Formation outcrops to the west of the property
and represents the oldest stratigraphic unit in the vicinity of the BP claims.


Preliminary soil geochemistry from the property features anomalous Carlin-style
pathfinders including gold (below detection to 34.9 ppb), thallium (0.46 to 4.42
ppm), arsenic (7.3 to 130 ppm), antimony (1.42 to 18 ppm) and mercury (0.01 to
1.03 ppm). No evidence of modern exploration is visible on the property apart
from the soil geochemistry referenced here. 


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 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

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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