TCC Trenchant Capital Corp

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") was
notified on December 18th, 2013, that Osisko Mining Corporation, (the "Partner")
who agreed to option out the Erika Gold Project in Guerrero State, Mexico, will
not be continuing with its option to explore at the Erika property and Tarsis
will maintain its 100% ownership of the project. The return of the property at
this time was unexpected by Tarsis considering the Partner was drilling on the
property in November and December, 2013 and Tarsis personnel visited the project
and saw two drills on site on November 26th and 27th. 


During the option period, work completed included detailed geological mapping
and geochemical sampling over the summer of 2013 and specific drill targets were
identified in addition to the drill targets already identified and recommended
by Tarsis. A preliminary drill program was completed in the fall of 2013 and was
planned to be 3,000 meters and 8 holes. Tarsis does not yet received the assays
from this drill program.


Under the terms of the option agreement, the Partner had to spend $500,000 on
exploration at Erika before February 2014 as part of its earn-in commitment. The
final report on work completed has not been received. The Partner spent a total
of $339,000 up to September 30, 2013, before the drill program was begun.


Tarsis is in the process of collecting the new data which was assembled on the
project. Tarsis plans to assimilate drill results and other data collected, and
determine the most effective means to advance the project. 


The Erika property is located in the Guerrero Gold Belt and covers approximately
16,000 hectares, located in Guerrero State, Mexico. The property is accessed by
paved road via Federal Highway 95, which crosses the eastern boundary of the
claims. Acapulco is 150 km south and Iguala is 47 km north of Erika.


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. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.


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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