Tarsis Increases Financing to $1.0 Million

Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that the financing announced on September 16, 2012 has been
oversubscribed. As a result, the offering has been increased from $502,500 to
$1,030,500 and is fully subscribed. 


The financing will now consist of a total of 6.87 million units (a "Unit") at
$0.15 per Unit for gross proceeds of $1,030,500. 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 "we were very pleased that three
strategic shareholders decided to increase their positions significantly and
this has oversubscribed the financing."


The proceeds will be used for certain prospect generation efforts in the Yukon,
Mexico and the USA, certain early stage exploration work to upgrade currently
held projects, and for general corporate purposes.


In addition to the three shareholders mentioned above, Almaden Minerals Ltd.
also continues to hold 4.1 million shares of Tarsis which represents a further
10.5%. The management team also participated in this offering and will own
approximately 11% of the 39,137,111 common shares issued and outstanding on
completion of the financing.


The offering is subject to TSX Venture Exchange approval and will be closed
shortly. 


About Tarsis Resources

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