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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2010) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce that it has closed the non-flow through private placement of 1 million units at $0.20 per unit. Each unit consists of one common share and one non-transferable common share purchase warrant exercisable for 18 months to acquire one common share at $0.40. The units will have a four month hold period ending on September 5^th, 2010. In addition, Finder's Warrants were issued entitling the holder to purchase up to 8,750 common shares for a period of 18 months from issue at $0.25 per share and cash finder's fees were paid in the total amount of $1,750. Tarsis previously announced the closing of $400,000 of flow through share financing.

These financings were announced to raise a total of $500,000 and a total of $600,000 has been raised. The financings were originally announced to raise $250,000 from flow through share investors, and $250,000 from hard dollar investors. The financings were actually completed with $400,000 coming from flow through share investors and $200,000 coming from hard dollar investors. The Company has reduced the dilution originally anticipated due to these financings slightly by reducing the number warrants issued.

Post financing, the Company will have 17,877,970 common shares outstanding.

Marc Blythe, President and CEO, of Tarsis commented that, "These funds will be focused on advancing several projects in the Yukon Territories to prepare them for optioning, and for the acquisition of new projects. As in the past, we have kept dilution to a minimum by raising only modest amounts of money to fund our immediate plans. The Company plans to focus primarily on gold and copper exploration during 2010."

About Tarsis Resources Ltd.

Tarsis is an early stage exploration company following the prospect generator business model, with eight mineral properties in the Yukon, Canada and one in Mexico. The Company acquires properties prospective for copper, gold, zinc, silver and lead mineralization, for example targeting base metal projects when base 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 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.