Tyhee Recieves Funds From Early Exercise Of Warrants.

TSX Venture: TDC

VANCOUVER, July 29, 2011 /PRNewswire/ - Tyhee Gold Corp. (TSX Venture, TDC) (the "Company") announces that it has received $625,000 yesterday from the early exercise of 5 million warrants (at $0.125) from Williams Creek Gold Limited.

Dr. Dave Webb, President & CEO says "We are pleased to have Williams Creek Gold exercise their warrants early.  Their vision of our developing gold project and support for Tyhee is welcome.  We are certain that Williams Creek was also pleased to see, among other things, the permitting process for our Yellowknife Gold Project advance as expected to the Information Request stage. (see NR S.12, R14. July 28, 2011)"

Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production.  A Feasibility Study is underway, lead by SRK Consulting, and is expected to be completed by mid 2012.  It will build on the positive Preliminary Feasibility Study completed in July 2010 that recommended operating at 3,000 tonnes per day, (www.sedar.com).  The Feasibility Study will consider an expanded resource and a more current gold price as well as other updated inputs.

Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC". For additional information, please visit the Company's website, www.tyhee.com.

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.

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements relating to proposed or anticipated work programs and anticipated timing of permit applications. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements.  Factors which may lead the company to not proceed with anticipated work programs, construction or development projects and studies, to delay permit applications or delay the delivery of the feasibility study include factors such as analysis of the exploration results may lead to a determination that further exploration or development is not warranted, additional information requirements necessary to complete permit applications and the feasibility study may be delayed by weather and other constraints, insufficient funding, delays as a result of early or late onset of winter conditions, availability of personnel and equipment to conduct work programs, permit reviews, information requests and other factors not within the Company's control.  The factors identified above are not intended to represent a complete list of the factors that could affect the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company does not undertake to update forward-looking statements, except where required by law.  Readers should not place undue reliance on forward-looking statements. 

SOURCE Tyhee Gold Corp.