Tartisan Resources Corp. Closes First Tranche of Private Placement, Settles Debt and Amends Stock Options

Toronto, Ontario--(Newsfile Corp. - April 7, 2015) - Tartisan Resources Corp. (CSE: TTC) ("Tartisan" or the "Company") wishes to announce it has closed on the first tranche of a non-brokered private placement amounting to 1,350,000 units for gross proceeds of $67,500.

The non-brokered private-placement offering of up to three million units of the Company (less the first tranche closing), at a price of $CDN 0.05/unit, for gross proceeds of up to $CDN 150,000 (the "Offering") is still being offered. Each unit will consist of one Tartisan common share and one common share-purchase warrant (the "Warrants"); each full warrant will entitle the holder to purchase one Tartisan common share price of $CDN 0.10 for a period of 18 months after the closing of the Offering. Finder's fees equal to a cash commission of 8% of the aggregate gross proceeds from the units sold, plus finder's warrants equal to 8% of the aggregate number of all units sold, will compensate qualified finders appointed by the Company to source subscriptions. All securities issued by the Offering will be subject to a hold period of four months plus one day from the date of issue. This Offering is subject to regulatory approval.

Net proceeds from the Offering will be used to fund exploration of the Company's gold, silver and base metals projects in North-Central in Perú, and for working capital purposes. The planned exploration work will include preparation for diamond drilling at La Victoria, the Company's wholly owned flagship project located in northern Ancash Department. Tartisan's land holdings are located within 50km of several producing mines including: La Arena owned by Rio Alto Mining Ltd. (TSXV: RIO), Lagunas Norte (Alto Chicama) owned by Barrick Gold Corp. (TSX: ABX) , and Santa Rosa owned by Compañia Minera Aurifera Santa Rosa (COMARSA).

The Company also wishes to announce that it has entered into agreements to settle a total of $371,305 of debt (the "Debt") with arms-length and non-arms-length parties to the Company (collectively the "Shares for Debt Settlement").

The Debt payable to the arms-length parties totals $147,310 and that to non-arms-length parties totals $223,995. The Company will settle these debts, subject to regulatory approval, by issuing an aggregate of 7,426,100 common shares at an average price of $0.05/share. All securities to be issued will be subject to a hold period of four months plus one day. The Company will have 43,684,982 shares outstanding (48,234,982 fully diluted) after completion of the Shares for Debt Settlement transaction.

The Company also wishes to announce that it has amended the strike price of the outstanding options on its stock option plan from $0.25 to $0.15. All stock options expire on October 4, 2017.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE: TTC). Currently, there are 43,434,982 shares outstanding (47,984,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo. is the Company's QP and serves as the GM of Minera Tartisan. Mr. Pigeon can be contacted at +51986651325 (tartisan.gm@gmail.com). Additional information about Tartisan can be found at the Company's website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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