Golden Tag Resources Ltd.
TSX VENTURE : GOG

Golden Tag Resources Ltd.

June 29, 2011 09:46 ET

Golden Tag Appoints New Director

MONTREAL, QUEBEC--(Marketwire - June 29, 2011) -Golden Tag Resources Ltd. (TSX VENTURE:GOG) (the "Company") is pleased to announce the appointment of Mr Luis Felipe Medina as a director of the Company. Mr Medina is the Vice-President, Mexico for Agnico-Eagle Mines Limited ("Agnico-Eagle"). He has worked with Agnico-Eagle in Mexico since 2007 as General Manager of the Pinos Altos mining project and as the Regional Director of Agnico-Eagle Mexico. Mr Medina has more than 16 years of experience in the gold mining industry in Mexico and has participated in the permitting and development efforts at several successful mines in the country. From 1995 to 2007, Mr Medina was involved in the exploration, construction, and operations of "La Colorada" and "La Trinidad" Mines of Eldorado Gold, Cerro de San Pedro Project, operated by Cambior Inc. (then acquired by Glamis Gold), and the El Sauzal and Penasquito projects of Glamis Gold. He is a graduate from the University of CESUES in Sonora, Mexico with a degree in Environmental Engineering and a graduate of Harvard Business School General Management program. Mr. Medina is Vice President of Administration for the Mexican Mining Engineers, Metallurgists and Geologists Association and is a member of the Board of the Mexican Mining Chamber.

Pursuant to this appointment, the Company has granted 250,000 incentive options for a period of 5 years exercisable at a price of $0.40, which is an approximate 10% discount to the Company's closing price of $0.45 on June 28, 2011. The options are subject to regulatory approval and a vesting schedule whereby one-third of the options will vest every six months over an eighteen month period after the date of the grant.

Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 52,450,958 issued and outstanding shares.

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. . Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

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 news release.

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