Golden Tag Resources Ltd.
TSX VENTURE : GOG

Golden Tag Resources Ltd.

June 06, 2005 08:16 ET

Golden Tag Resources: More Positive Results on High-Grade Red Toad Zone Aquilon Gold Project, James Bay, Quebec

BEACONSFIELD, QUEBEC--(CCNMatthews - June 6, 2005) - Golden Tag Resources Ltd (TSX VENTURE:GOG) is pleased to announce results from a second phase exploration program of diamond drilling on the Red Toad Zone, Aquilon Property in James Bay, Quebec. The Company is earning a 60% interest in the property (see Golden Tag's news release of November 20, 2003). Work was in response to initial positive results from a preliminary surface trenching and drilling program conducted last fall where grab samples returned assays of up to 1691 grams of gold per tonne (g/t Au) and 153 g/t Au and hole AQU-04-03 intersected 4.33 meters of mineralization at an average grade of 10.03 g/t Au (see Golden Tag's news release of November 9, 2004). Drill results to date indicate the Red Toad Zone is continuous over a minimum strike length of approximately 130 meters and has been confirmed from the surface to depths over 75 meters. The Zone remains open to depth and along strike. Hole AQ-05-01 returned gold mineralization a further 290 meters to the southwest along strike from the Red Toad Zone. The property is known to host numerous spectacular gold showings to the southwest of the Red Toad Zone with local assays ranging up to 1477 g/t Au. The Company finds that the apparent lateral and vertical continuity in drill results from the Red Toad Zone is encouraging since such continuity has not previously been seen in other showings. (See diagram on the Company's website at http://www.goldentag.ca) Significant results from the latest 2nd phase drilling program are summarized below :



SIGNIFICANT RESULTS OF THE DIAMOND DRILLING PROGRAM
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Hole No. From (meters) To (meters) Length (meters) Grade (g/t Au)
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AQ-05-01 13.37 13.87 0.50 8.56
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AQ-05-03 30.99 31.29 0.30 1.38
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And 41.30 42.08 0.78 4.75
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AQ-05-05 119.99 120.28 0.29 3.38
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AQ-05-06 66.04 66.34 0.30 5.82
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AQ-05-07 114.76 115.34 0.58 1.92
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Diamond drilling consisted of seven NQ core holes totalling 987 meters. Four of the holes focused on testing the Red Toad Zone further along strike, with two holes focused on testing at depth. The remaining hole targeted the contact zone between the Aiguillon Tonalite, host to veins in the Red Toad Zone, and the adjacent volcanics. A total of 11 holes out of 16 drilled to date on the Red Toad Zone have yielded gold mineralization.

The second phase exploration program was supervised by Roger Moar, P.Geo., Qualified Person under National Instrument 43-101 guidelines. A total of 205 samples were taken from NQ size drill core and sawed in half with one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed which included mineralized standards, blank and field duplicates for each batch of samples. Significant assay results were duplicated at the laboratory. The gold assaying method used a 50-gram sample fire assay (atomic absorption with gravimetric finish) on splits from an initial 1 kg pulverized sample. Assays were performed by ALS Chemex - Chimitec (ISO9001-2000 accredited) of Val-d'Or (Québec). Metallic screen fire assays were completed on samples with visible gold or where initial multiple duplicates show any significant variability.

The Aquilon Property covers 6,370 hectares (63.7 square kilometers) of a folded, shallow-dipping greenstone belt hosting a felsic volcanic center in James Bay, Quebec. This region is an area which is gaining in prominence as one of Canada's more important areas for mineral exploration. The property is located 400 km east of Radisson and is readily accessible by secondary gravel roads that provide principal access to the Hydro Quebec LA-1 Complex, located 15 km to the north. The secondary gravel roads are maintained and permit year round access.

Golden Tag Resources Ltd. is a Montreal based Canadian Mineral Exploration Company trading on the TSX Venture Exchange on a continuous basis since 1982. The Company currently has 13,819,450 shares issued and outstanding.

On behalf of the Board of Directors,

Signed by :

Marc A. Carrier, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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