Tarsis Resources Ltd.

Tarsis Resources Ltd.

June 17, 2009 18:57 ET

Tarsis Shareholder Update and Change of Name

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2009) - Tarsis Resources Ltd., formerly Tarsis Capital Corp. (TSX VENTURE:TCC) ("Tarsis" or "the Company") is pleased to provide shareholders with an update on the Company's strategy and to announce its new name.

Corporate Strategy

Tarsis remains focused on the acquisition, discovery and early stage exploration of zinc resources. The Company's goal is to build an inventory of substantive zinc projects in anticipation of increased zinc demand and higher metal prices.

Zinc prices remain low, although they have moved off the lows established in September 2008. As a result of these low metal prices, properties with zinc resources have reduced valuations. Tarsis is actively analysing a number of potential acquisition opportunities involving properties with zinc resources and zinc exploration potential.

Tarsis is successfully managing to keep its general and administrative expenses at levels below that of most of its peers. The Company is working hard to ensure that funds are targeted at activities that will add shareholder value.

Name Change

In order to better reflect the activities of the Company, Tarsis has changed its name from Tarsis Capital Corp. to Tarsis Resources Ltd., effective today.

About Tarsis

Tarsis is an exploration company following the prospect generator business model, with seven mineral properties in the Yukon, Canada and one in Mexico.
The Company acquires prospective base metal projects when base metal prices are low or good value, and vends or options out projects to partners for advancement.

On behalf of the Board of Directors,

Tarsis Resources Ltd.

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.

Contact Information

  • Tarsis Resources Ltd.
    Marc G. Blythe, P.Eng., MBA.
    President and Chief Executive Officer
    (604) 689-7644
    Tarsis Resources Ltd.
    Mark T. Brown, C.A.
    Chief Financial Officer
    (604) 687-3520