Tagish Lake Gold Corp.

Tagish Lake Gold Corp.

May 25, 2006 11:05 ET

Tagish Lake Gold Corp.: Drilling has Commenced at Skukum Creek

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) - Tagish Lake Gold Corp. (TSX VENTURE:TLG) is pleased to announce that the diamond drill contractor has commenced drilling on the 5,000 metre program, after experiencing delays in mobilizing equipment to the site. The objective of this program is to increase the mineral resource at Skukum Creek to the level the Company requires to move to production.

As previously announced, the Company is undertaking definition drilling of the Rainbow Two zone, to expand the known dimensions of the zone. The program will also test the Ridge zone where surface drilling provided intersections up to 9.15 g/t gold and 18.2 g/t silver; the 2 Zone with an intersection of 7.82 g/t gold and 234.3 g/t silver; and the extension of the Kuhn zone, all located further in the mountain.

About Tagish Lake Gold Corp.

Tagish Lake Gold Corp. explores for and develops high grade gold-silver mineral deposits on its wholly owned 178 km2 Skukum Mineral District located 80 km by road south of Whitehorse in the Yukon Territory of Canada. The Skukum Mineral District hosts the Skukum Creek gold-silver deposit and the Goddell Gully gold deposit, with a currently defined measured plus indicated resource of 1,120,000 tonnes grading 8.0 g/t Au and 153.1 g/t Ag (MineTech June 2003, available on Sedar); and the Mt. Skukum gold deposit.

The Company is currently focused on moving to production on the Skukum Creek deposit.

In response to enquiries regarding our previously announced silver debenture offering, although the response was favourable, in consideration of equity market conditions, the Company decided to defer offering silver debentures, as stated in our annual MD&A of February 2006.

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