GEOLOGICAL ASSESSMENT REPORT ON FOURBAY PROPERTY RECEIVED BY TASCA

Vancouver, British Columbia - Tasca Resources Ltd. ("Tasca" or the "Company") is pleased to announce the receipt of a Geological Assessment Report from its geological advisers Billiken Management Services Inc. ("Billiken") and the Company is in agreement with the recommendations contained therein.

A full copy of the 27 page report can be found on the Company's website.

Billiken conducted a surface sampling program concentrated on the "Jumping Lake" claim, where a mineralized quartz vein from 10cm to 2m in width strikes visibly for approximately 190 metres. The vein is open along strike. A total of 21 samples were taken from various locations in and around the vein material. Assays from 7 samples returned gold values ranging between 1 and 42.7 g/t. Billiken concluded that "there is great potential for more finds of gold mineralization at Fourbay; and that is also highly probable that other mineralized veins exist within the wider area."

The report suggests that "further exploration work is highly recommended," and it is advised that a "full re-evaluation and integration of historic data on the Fourbay property and adjacent land be completed." Specifically at Jumping Lake, "exploratory trenches should be dug away from this vein and perpendicular to it, to search for parallel vein systems. Any parallel veins in the area are highly likely to be mineralized," and "A reinterpretation of historic geochemical and geophysical work may help to identify locations for significant parallel veins."

The Billiken report's interpretation and conclusions section states: "A large amount of geochemical work has been completed in the Jumping Lake area, and a full interpretation of this data would be immensely useful. Conversely, other portions of the claim group remain almost unexplored in comparison and it is important to ensure that future work is directed towards assessing the potential of these areas. The presence of lode gold and VMS deposits in the vicinity and the known existence of veining systems on and near the property mean that all areas of the property remain prospective for gold mineralization."

The Billiken report confirmed management's belief that the property under option to Tasca has high potential.

As part of the option agreement, Tasca was to use its best efforts to provide $150,000 of the $700,000 commitment to fund the exploratory program by Dec 31, 2013. Tasca did not meet this best efforts goal in full and is concerned that its ability to raise funds to meet its property expenditure commitments will be difficult due to current market conditions. In addition, management feels that incremental spending, when reasonable certainty that the entire spending commitment can be met is lacking, is not prudent.

Management has contacted the owner of the Fourbay group of claims, expressing its need to amend the current agreement, and they have indicated that are amenable to commencing discussion to reach a mutually satisfactory arrangement.

Samples selected in this program and referred to in this press release were taken in the field, bagged and securely sealed by Brian H. Newton P.Geo.  The samples were personally delivered to the offices of Activation Laboratories Ltd. in Thunder Bay and assayed for gold using 1A2 fire assay with over limits processed using 1A3, in addition a multi element ICP 1F2 total digestion was used. The contents of this press release have been reviewed and approved by Brian H. Newton P.Geo, partner at Billiken, and Qualified Person pursuant to the requirements of National Instrument 43-101.

ON BEHALF OF THE BOARD

Craig Naughty

President & CEO

For further information contact Craig Naughty, or visit the website at

www.tascaresources.com

This news release has been prepared on behalf of the Tasca Resources Ltd. Board of Directors, which accepts full responsibility for its contents.

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