Tyhee Gold Corp.

Tyhee Gold Corp.

May 31, 2012 07:15 ET

Tyhee Reports Williams Creek Gold Receives TSX-Venture Exchange Approval for Big Sky Joint Venture

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2012) - Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") announces that, following its previously announced (see Tyhee news release of March 29, 2012) planned agreement with Williams Creek Gold Inc., under which Williams Creek has the option to earn up to a 50% joint venture interest in Tyhee's Big Sky property, Williams Creek has received approval from the TSX-Venture Exchange. The property, located 17 km north of Yellowknife, Northwest Territories, Canada, is composed of five mining leases covering 137 hectares (338 acres) and 20 claims totaling 1,853 hectares. Information regarding the property can be found on the Company's website at www.tyhee.com.

In order to earn its interest, Williams Creek must spend a minimum of $100,000 per year over the next five years (total $500,000) on exploration and/or development of the property. Upon completion of the expenditures, Williams Creek and the Company will form a joint venture for the further development of the property.

"We are very pleased that Williams Creek will now be able to proceed with the exploration and development of the Big Sky property. At Tyhee, we remain focused on our feasibility study - which is due out in August - and development of our Ormsby, Nicholas Lake and Clan Lake properties on the Yellowknife Gold Project," said Brian Briggs, interim CEO for Tyhee Gold Corp.

All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are "forward-looking statements". Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 release.

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