September 2, 2009

Tarsis Resources Samples 27.6 g/t Gold, 910 g/t Silver at Prospector Mountain, Yukon

Tarsis Resources Ltd. has released assay results from phase I exploration at its 100-per-cent-owned 5,000-hectare Prospector Mountain property, located in southwestern Yukon.
The property lies within the Dawson range, an unglaciated portion of the Tintina gold belt, west of the Big Creek fault, approximately 15 kilometres northwest of the Freegold Mountain project and 55 kilometres southeast of the Casino copper-gold-molybdenum deposit. The Prospector Mountain claims cover a high-level porphyry copper-gold system, the core of which is believed to be hosted within the eastern part of the claim block while peripheral epithermal gold-silver-lead vein targets occur within the western part of the property.

The claims are underlain by late Cretaceous to early Tertiary Carmacks suite volcanic rocks that have been intruded by early Tertiary monzonite to quartz monzonite and coeval dikes of the Prospector Mountain suite. All rocks have been cut by northwest-to-northeast-trending structures that are apparent as recessive topographic lineaments.

Intermittent historical exploration programs conducted between the late 1960s and late 1990s identified both porphyry- and epithermal-style vein mineralization within the current property boundary. The most extensive work was conducted in the early 1980s and focused exclusively on the peripheral epithermal vein targets in the western part of the claim block. Exploration consisted of bulldozer trenching and limited diamond drilling across recessive lineaments but was restricted primarily to the ridge tops. The success of this work was limited by extensive permafrost and deep weathering of the vein zones.

Porphyry exploration conducted in the late 1990s consisted of two isolated induced polarization grids followed by two diamond drill holes spaced roughly 800 metres apart. This work was done in proximity to historical copper-in-soil geochemical anomalies identified in the 1970s.

During July, 2009, Tarsis explored the property to assess the merits of the historical targets and begin defining future diamond drill targets. This work included broad alteration mapping and prospecting within the eastern part of the property and examination of several vein zones within the western part of the claim block.

Porphyry alteration mapping and prospecting were conducted within a four-square-kilometre area west and southwest of Prospector Mountain peak near the contact between the Carmacks suite volcanic rocks and the Prospector Mountain suite monzonite. This area is centred on an intermittent 1,500-metre northwest-trending copper-in-soil geochemical anomaly (100 to 250 parts per million) largely confined to an upland plateau. Prospecting within the plateau is largely hampered by grass and talus cover, however, traverses along recessive northwest-trending benches above the plateau and along cirque walls identified numerous locales containing sericite altered quartz tourmaline vein material with accessory specularite, hematite and magnetite veinlets plus patchy limonite. Highlights from material sampled include 27.6 grams per tonne (g/t) gold, 910 g/t silver, 1.37 per cent copper and 28.0 per cent lead. The attached table of results lists analyses for key samples collected.

                               PORPHYRY TARGET

Sample No.  Description                   Au (g/t)  Ag (g/t)  Cu (%)  Pb (%)

H884005     Clay-altered monzonite           3.10       206    0.04    0.42

            with limonite pits and

            grey-white glassy quartz

            veinlets

H884006     Weakly banded rusty              1.10       217    0.04    0.31

            weathering white to clear

            quartz vein with weak

            residual pyrite

H884011     Clear to white rusty quartz      18.5      31.2    0.44    0.06

            vein with goethite coatings

            and trace residual pyrite

H884012     Manganiferous limonitic          27.6       182    1.37    0.13

            siderite with botryoidal

            malachite surface coatings

H884035     Manganiferous and limonitic      1.85       910    0.19   28.01

            quartz-anglesite-galena vein

Note: All samples collected are locally weathering talus specimens.

Alteration in the vicinity of the mineralized samples is dominantly potassic and characterized by the presence of fine masses of orthoclase feldspar and secondary biotite within large intrusive talus blocks and narrow veins crosscutting the overlying volcanic sequence. Anomalous accessory elements associated with the mineralized samples include bismuth, tungsten and antimony.

Four trenches were examined in the western part of the property from two of four main areas bulldozer trenched in the early 1980s. The vein zones are now fully thawed and easily excavated by hand resulting in much better exposures for detail sampling and characterization of the veins. Individual samples yielded up to 17.35 g/t gold, 557 g/t silver and 33.8 per cent lead. The attached table lists weighted average grades for the sampled vein zones.

                           VEIN TARGET

Area-trench      Width (m)      Au (g/t)      Ag (g/t)      Pb (%)

C

Tr 01                0.67          2.86           506        30.7

Tr 02                0.72          0.83          7.93        0.27

Tr 03                0.83          2.99         54.89        2.27

including            0.27          7.12         58.40        2.77

D

Tr 04                1.15          2.67           217        5.09

including            0.15         17.35           557       24.49

Note: Due to time constraints only four of approximately 80 trenches 

      were examined and none were traced along strike into the valley 

      bottoms along the respective lineaments.

Vein zones are associated with northwest-to-northeast-trending recessive lineaments and consist of highly sheared quartz and multicolour gouge containing varying amounts of arsenic oxides and lead sulphide/sulphate. Accessory arsenic and antimony response are moderately to strongly elevated in all samples.

A 0.30-metre chip sample collected across a naturally exposed unaltered white quartz vein two kilometres east of the bulldozer trenches returned 4.06 g/t gold, 161 g/t silver and 0.89 per cent lead. No mechanized follow-up work was evident in this area.

Management is very pleased with the assay results received from this cursory target assessment and consider the results significant. Additional ground exploration is currently being carried out on both the porphyry and vein targets. Results will be reported as they become available.

William A. Wengzynowski, PEng, is the qualified person for the project as defined by National Instrument 43-101. Mr. Wengzynowski has reviewed the technical content of this release.

For Further Information Contact David Schmidt, President at: (604) 688-3113

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