Tarsis Resources Ltd. (TSXV:
TCC) (“Tarsis” and “the Company”) is pleased to
announce that the private placement announced on February 25, 2014 to raise
$200,000 for exploration work on the La Tejona area of the Yago property has
now been fully subscribed and will close shortly.

The financing units are comprised
of one common share and one common share purchase warrant which entitles the
holder to buy another common share at $0.15 for a period of three years.

As a Prospect Generator, Tarsis
works to facilitate the majority of its exploration funding through option
partnerships. This work program will be focused on the La Tejona area of the
Yago Property and may include further surface sampling, soil sampling, mapping,
trenching, additional prospecting, and other test work. A better set of
technical geological data will help to attract senior partners to the project.

Marc Blythe, President, CEO &
Director commented that “We are pleased to have a strong backing of strategic
shareholders that support our ideas and plans to advance Tarsis. 100% of our
efforts are going to advancing our projects as quickly as possible to add value
for those shareholders.”

Annual General Meeting
Results

Tarsis also held its Annual
General Meeting this morning and the current Directors were re-elected
including Mr. Marc G. Blythe, Mr. Craig Lindsay and Mr. Adrian Flemming. Mr.
Mark Brown, the Company’s CFO and a significant shareholder of Tarsis, was also
elected to the Board by the shareholders.

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.

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.