Overview

Tarsis is a project generator and early stage exploration company, working to find and develop economic gold, copper, silver and base metal deposits. Tarsis Resources aim to advance projects by joint venturing with enthusiastic partners and through early stage exploration programs.

Investment Highlights

• 100% owned properties
• Gold and Copper focus
• Prospect Generator business model
• Three key projects plus a quality suite of early stage prospects
• Tight share structure

Key Properties

• White River, Yukon, (Gold, silver, copper)
• Erika, Mexico (Gold)
• Prospector Mountain, Yukon (Gold, silver, copper)

White River Property, Yukon, Canada

The White River property, approximately 7,000 hectares in size is located 11 kilometers north of Koidern,Yukon, a small settlement located on the paved, all weather Alaska Highway. The property lies within the Nisling Range portion of the Tintina Gold Belt and covers extensive, anomalous gold, copper and silver-in-soil geochemical response.

The key zones on the property are unglaciated and talus samples have returned gold assays ranging from below detection to 39.8 g/t gold, 1 ppm to 22.1% copper and below detection to 1,310 g/t silver. The mineralizing system features characteristics of both intrusion-related and epithermal style mineralization. Mineralization occurs in a number of rock types, including gabbros, mafic volcanics and silicified metasediments. At least two east-west zones appear to focus mineralization, the HG Zone and the Cool Zone, while prospecting appears to indicate the presence of additional linking structures and zones elsewhere on the property. The HG Zone displays excellent continuity of highly anomalous gold and copper values over more than one kilometer in both soil and prospecting rock samples.

Following the initial grass roots discovery by Tarsis in June 2010, the Company has carried out prospecting, mapping, stream sediment and soil sampling, along with trenching, geochronology, petrography and geophysics on the property. The property features abundant outcrop and key zones are above tree line in alpine grass areas.

The property will be ready for drilling during the 2012 exploration season and Tarsis is actively seeking an option partner who would like to earn an interest in the property by funding exploration.

Subsequent to Tarsis’ discovery at White River, Teck Resources Ltd. has staked a large block of adjoining claims in the area.

Erika Project, Mexico

The Erika Project features a sediment-hosted gold mineralizing system in southern Mexico.  Drilling during 2011 has encountered orpiment-realgar mineralization associated with zones of decarbonatized siltstone in 4 of 5 holes drilled across a 650 m transect comprising a transitional sequence of calcareous siltstone and lime – mudstone units overlying massive carbonate stratigraphy.

Assay results include 2.25 g/t gold over 3.60 meters within a broader interval of 10.28 meters grading 1.14 g/t gold from diamond drill hole ER-11-14.  Key characteristics of the mineralizing system are recognized and include:

• Localized zones of intense decarbonatization accompanied by increased density of multi-phase calcite veining
• Orpiment and realgar preferentially replacing portions of the decarbonatized siltstone and also occurring in later stage calcite veins
• Increased silicification that correlates with decarbonatization within mineralized intervals
• Anomalous thallium, mercury, arsenic and antimony trace element geochemistry exhibiting excellent correlation with gold mineralization

Medium-to coarse-grained crystalline diagenetic pyrite is also disseminated throughout the siltstone-mudstone unit. The mineralization appears to be largely stratabound although there are a number of crosscutting structural features in proximity to the decarbonatized and mineralized intervals.

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

Erika is located within an established mining district, featuring gold skarn deposits, with Goldcorp Inc.’s Los Filos mine producing 300,000 ounces of gold during 2010.  Active exploration is being carried out by Torex Gold Resources Inc. on their adjoining property which hosts approximately 3.9 million ounces of gold and also by Newstrike Capital Inc. who have recently announced significant gold intercepts from diamond drilling.

A series of highly anomalous gold-in-soil geochemical responses have been detected up to six kilometers from the 2011 drill site.  Several jasperoid boulders containing sub-gram gold values have been located near these targets.

Prospector Mountain Property, Yukon, Canada

The Prospector Mountain property, approximately 5,000 hectares in size, is located 90 kilometers northwest of Carmacks,Yukon. The property lies within the Dawson Range portion of the Tintina Gold Belt and covers an area of hydrothermal alteration and mineralization indicative of both a porphyry gold-copper and epithermal gold-silver mineralizing environment. The property lies within an unglaciated portion of the Tintina Gold Belt, approximately 15 km northwest of the Freegold Mountain Project and 55 km southeast of the Casino copper-gold-molybdenum deposit.

Other significant properties in the area include Capstone’s operating Minto copper mine, 40 kilometres to the north-east and Western Copper’s Carmacks project, currently in the permitting phase for mine operation, 55 kilometres to the south-east.

During 2009, the Company’s technical team discovered the Bonanza zone at Prospector Mountain. Highlights from select prospecting samples of rock talus include:

• 82.8 g/t Au , 299 g/t Ag and 1.49 % Cu
• 14.0 g/t Au , 1340 g/t Ag and 11.65 % Cu
• 55.7 g/t Au , 1375 g/t Ag and 7.38 % Cu
• 82.2 g/t Au , 888 g/t Ag and 5.97 % Cu

Project Pipeline

Tarsis has a suite of other projects which it is progressing to feed its development pipeline.  These projects are also available for option to companies with technical and financial capabilities.  The Company carries out generative exploration searching for brand new discoveries, utilizing public and proprietary data and techniques to guide their efforts.

Gold – Copper Porphyry Prospects

The Rosie prospect, located 100 kilometers north of Haines Junction,Yukon features potassic alteration and silicification, along with strong porphyry style geochemistry from government stream sediment sampling.  Preliminary prospecting has identified one showing with malachite and galena. The magnetic signature is supportive of a buried intrusion.

The Burns prospect, located 50 kilometers north ofHaines Junction,Yukon has an intrusion style magnetic signature.  Preliminary prospecting on the property has identified skarn style alteration, along values ranging from below detection to 0.28 g/t gold, 1 ppm to 0.34% copper and below detection to 65.5 g/t silver from prospecting samples.

Volcanic Hosted Massive Sulphide Copper – Gold Prospects

The MOR prospect, located 35km east of Teslin, Yukon features VMS style mineralization and diamond drilling by Tarsis has identified massive sulphide at several locations on the property.  Drill hole MOR 07-03 returned 2.49 meters grading 2.53 % copper, along with 2.53 g/t gold from within a broader interval of massive and disseminated sulphides.

The Cabin Lake prospect, located 55 kilometers east of  Teslin, Yukon has similar geology to the MOR property, including strong VTEM anomalies with supporting soil geochemistry.

The Caribou Creek prospect has similar geology to the Cabin Lake property, including soil anomalies and a property wide VTEM data set.

Sediment Hosted Gold Prospects

The Dawson Gold prospect, located 100 kilometers north of Dawson City, Yukon features carbonate stratigraphy that is prospective for sediment hosted gold mineralization.  Elevated gold and pathfinder elements have been detected in stream sediment sampling on or near the property.

The Rogue prospect, located 160 kilometers north of Faro, Yukon is prospective for both sediment hosted gold mineralization and also carbonate hosted silver mineralization.  Prior work in the area identified multi-gram silver in silt and soil samples taken from the project area.  Pathfinder geochemistry includes anomalous arsenic and mercury.

Carbonate Hosted Silver- Lead- Zinc Style Prospects

The Goz Creek property, located 180 kilometers north east of Mayo, Yukon, covers a historic zinc resource of 2,893,000 tons grading 11.25 % zinc for 650,925,000 lbs of zinc.*  Diamond drilling by Tarsis in 2008 returned 40.68 meters grading 13.55 % zinc and 29.88 g/t silver from drill hole GZ-08-58 and six of seven holes drilled returned significant assays.

The Tim prospect, located 72 kilometers west of Watson Lake, Yukon, covers bonanza silver and lead trench and soil samples in an identical setting to Silvercorp Metals Inc.’s nearby Silvertip deposit which is being progressed towards production.

The Meister prospect, located 90 kilometers west of Watson Lake, Yukon, is prospective for carbonate replacement silver-lead-zinc mineralization.  Diamond drilling in 1986 returned 29 meters grading 3.79 % zinc and 41.8 g/t silver from DDH 86-MR-8.

The Cord prospect, located 80 kilometers northwest of Goz Creek, Yukon is prospective for Century zinc style mineralization.

* The Goz Creek historical resource was calculated in 1977 by Brian Mountford and Associates, Consulting Engineers and contained in a Preliminary Economic Assessment.  The historical resource was classified as a minable reserve.  Tarsis does not consider the historical estimates as current mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The historical estimate should, therefore, not be relied upon.

Management

Marc G. Blythe, P.Eng. - President, Chief Executive Officer and Director

Marc Blythe has a Master of Business Administration from La Trobe University in Melbourne and a Bachelor of Mining Engineering degree from the Western Australian School of Mines. Mr. Blythe was Vice President, Mining of Almaden Minerals Ltd from 2006 to 2011.

Prior to that he was Corporate Senior Mining Engineer for Placer Dome Inc. based in Vancouver from 2004 until 2006, where he completed internal and external mine evaluation, including advising on potential acquisitions and mining technology implementation.

Prior to this, he managed mines in Kalgoorlie, Australia for Placer Dome. Mr. Blythe has a strong understanding of mine feasibility and led two feasibility studies which resulted in successful operating mines; Raleigh Mine and Bullant Mine, both located in Kalgoorlie, Australia and owned by Barrick Gold Corp. The Raleigh Mine exceeded its projected production rate, in part due to the development of a novel mining method by Mr. Blythe.

Mr. Blythe holds a Western Australian First Class Mine Manager’s Certificate of Competency and has managed mines for both Placer Dome and WMC Resources (formerly Western Mining Corporation). Mr. Blythe is a third generation prospector.

Mark T. Brown - Chief Financial Officer

Mark Brown obtained his Chartered Accountant designation in 1993 while working with PriceWaterhouseCoopers in Vancouver B.C., Canada. Mr. Brown has lead the financial aspects of Tarsis Resources Ltd. since 2007, including financing, regulatory and reporting issues. Before Tarsis, Mr. Brown was the controller of two operating gold mining companies with operations in northern Canada and South America.

Mr. Brown leads a team of 8 people in the Vancouver office of Pacific Opportunity Capital Ltd., a financial consulting and merchant banking firm active in venture capital markets in North America, and also sits on the Board of other public companies.

Gerald G. Carlson, P.Eng. - Director

Dr. Carlson has been involved in the management of mineral exploration and mining development companies for over 35 years. His experience has focused on precious and base metal deposits around the Pacific Rim, including western North America, Mexico, Central America, South America, Australia and Asia. This experience has included independent consulting assignments, management of major company exploration programs, junior mining companies and university level teaching.

He has taken an active role in professional geosciences associations on both local and national levels and is a past President of AMEBC (formerly the British Columbia and Yukon Chamber of Mines) and President of the Society of Economic Geologists Canada Foundation. Dr. Carlson is a Director of other junior mineral exploration companies, including Almaden Minerals Ltd.

Craig Lindsay, CFA - Director

Mr. Lindsay has in excess of 20 years experience in corporate finance, investment banking and business development in both North America and Asia. He is currently Managing Director of Arbutus Grove Capital Corp., a private company offering corporate finance and merchant banking services. Mr. Lindsay was a Founder and President of Magnum Uranium Corp. until its merger with Energy Fuels Inc.(TSX: EFR in June 2009).

As well, Mr. Lindsay was a Vice President in the Corporate Finance and Investment Banking Group at PricewaterhouseCoopers LLP. Mr. Lindsay was Founder of Malaspina Capital Ltd., a junior capital pool company, and was responsible for identifying its merger with Miranda Mining Corp (a Mexican-based gold producer that was subsequently acquired by Wheaton River Minerals).

Adrian Fleming – Director

Adrian Fleming is an Australian geologist with 35 years diversified experience in the mining industry, including exploration, project development and operations. Exploration continues to be his passion. He has been a member of teams that made gold discoveries at Porgera, PNG; Big Bell, W.A.; Gross Rosebel, Suriname; Hope Bay, Nunavut and most recently White Gold, Yukon of Canada. Adrian established Underworld Resources in 2006 and it was acquired by Kinross Gold in 2009. He is a Director of other public companies.

J. Duane Poliquin, P.Eng. - Consultant and Advisor

Duane Poliquin graduated from the University of Saskatchewan with a degree in Geological Engineering in 1962, became a registered professional engineer in 1966, and ever since has been continuously active in mining exploration around the world. Duane started out with a large Canadian mining company and was soon involved in a major copper-zinc discovery. This was followed by work with several of the worlds largest base metal and gold companies in some of the most important mining areas of the world.
In 1971 Duane initiated a public company called Westley Mines Ltd. In 1972, believing gold would rise, Duane identified the Santa Fe property in Nevada as a potential bulk tonnage target and started Westley Mine Ltd. to explore it with an intial public offering in 1974. The property was placed in production as a heap leach operation by Corona Mines Ltd. which became part of Homestake Mines Ltd., and then Barrick.

Other successful ventures were then discovery of an extension to the Nevada Sheelite Mine – which was placed into production that continued until a sharp drop in tungsten prices in the mid 1980′s – and the identification, assembly, and intial development of the Apex germanium-gallium mine – a specialty metals deposit in Utah that contained over one million tons of mineralized material with a gross value of over $1,000 per ton. The property was vended to Musto Exploration Ltd., who placed the property into production in the late 1980′s.

Duane also indentified the La Trinidad gold deposit in Sinaloa state, Mexico, a high grade heap leachable gold deposit vended by Almaden Minerals Ltd. to Eldorado Gold Coporation, who placed it into production. Duane founded Almaden Resources Corporation in 1981 and has been actively working on gold and copper projects in Mexico and a diamond project in the NorthWest Territories. Mr. Poliquin is currently the Chairman and a director of Almaden Minerals Ltd.

Richard A. Graham, P.Geol. - Consultant and Advisor

Mr. Graham is a Professional Geologist, registered with the Association of Professional Engineers, Geologists and Geophysicists of Alberta and has approximately 16 years of geological experience. Mr. Graham has worked in Canada for Cameco Corporation, Echo Bay Mines Incorporated, Placer Dome Incorporated, and overseas with the Canadian Department of Foreign Affairs and International Trade, Chase Resources Ltd. and Billiton Plc. He was a geological researcher and reporter for Hollinger Inc. (the Northern Miner) from September 1999 to January 2004.

Since February 2004, Mr. Graham has been and is currently Manager, Corporate Development for QMC, a wholly owned subsidiary of Quest. He is currently a director and officer of various other public companies. Mr. Graham was the founding President and CEO of Tarsis.

Marke Wong, – Director of Environment and Community Affairs

Marke Wong has 20 years of experience in the mining environment sector in Canada, and around the world including Europe, the Middle East and Asia. He has served as environmental manager for several award winning and internationally recognized projects; Marke has served in senior management or consulting positions with Almaden Minerals, Archipelago Resources PLC, Centerra Gold, Homestake Canada, Kinross Gold Corporation, Golder Associates and Knight Piésold Ltd. Marke was a key member of the team that developed the 2007 international best practice guidelines for Environment, Health and Safety for the mining and energy sectors for the International Finance Corporation (IFC) and World Bank.

Marke has a B.Sc. biology from the University of Victoria (Victoria, BC). He currently serves as a sessional instructor with the Hanoi University of Mining and Geology (Vietnam); and the NWCC School of Exploration and Mining (Smithers, B.C.). He is a member of numerous industry organizations and serves on several committees and organizations including the First Nations Committee of the Association for Mineral Exploration of BC (AMEBC), and the Mining for Miracles Children’s Hospital Foundation.