Tyhee Pursuing Near-Term Production Opportunities and Growth Strategy

VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Nov 14, 2013) - Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company" or "Tyhee") is pleased to report that its management team and Board of Directors are aggressively pursuing new opportunities to enable the Company to benefit from gold production in 2014. This revised Corporate Strategy is aimed at enhancing Tyhee's shareholder value by taking advantage of corporate project opportunities available in the current challenged resource investment environment to generate cash-flow, accelerate growth and provide a strong platform on which to build a new multi-project gold mining company. At the same time, the Company will continue to progress its Yellowknife Gold Project, an advanced stage wholly-owned gold project in the development and permitting stage.

As investors are aware, many resource companies, including both operating miners and late stage developers, are facing extremely challenging times in which they have been unable to fund their capital and operational needs. The Tyhee Board has made the decision to closely review the sector during recent months, looking for appropriately sized gold producers or late-stage developers in North America that require financing for restructuring and, just as vitally, that would benefit from the Company's technical and operational experience. After looking closely at numerous examples of financially and operationally challenged companies and projects, Tyhee has identified several opportunities where it is felt that either an acquisition by, or a merger with, Tyhee may be possible and which would enable the Company to see revenue from gold production during the coming year.

Meanwhile, Tyhee's leadership team has also begun to explore and advance discussions with a number of like-minded funding sources that share the Company's perspective regarding such restructuring opportunities, providing the initial groundwork that could lead to raising the funds required for such investments.

Denis Taschuk, Chairman of the Board, said, "We believe that this is the best time for us to leverage our proven management and technical team to turn one or more of these gold project opportunities to benefit our loyal shareholders and to support our vision of becoming one of the next generation of multi-project gold mining companies."

Brian Briggs, Tyhee President and CEO, added, "Together, our senior technical team combines well over 150 years developing, building and operating gold mines around the world and today, this experience represents Tyhee's key strength as a junior developer. After a lot of time and leg work, we have put together a solid short list of companies with good, advanced gold assets but that need help and we hope to be able to reach an agreement with one or more of them that will benefit both our shareholders and theirs."


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.

All statements in this news release that address events or developments that the Company expects to occur, other than statements of historical facts, is "forward-looking information". Forward-looking information is 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. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might", "be taken", "occur" or "be achieved". Forward looking statements made in this news release include all statements related to: the Company's new corporate strategy; the potential for an acquisition or merger by the Company; the goal to generate revenue from gold production during 2014; raising funds for merger and acquisition activity; becoming the next generation of multi project gold mining company, Such forward-looking information may is based on management's reasonable estimates and assumptions, including without limitation, assumptions about; general economic conditions and conditions in the financial markets; limited changes in demand and prices for minerals; the ability of the Company to access sufficient financing as contemplated in this news release; the ability of the Company to identify appropriate merger or acquisition opportunities, or if an opportunity is identified, to conclude a transaction on satisfactory terms or to realize the expected benefits of any transaction; the ability of the Company to satisfy the conditions in any agreement related to such a transaction; the belief that due diligence investigations of any involved party will not identify any materially adverse facts or circumstances; that the required approvals will be obtained from shareholders; that all required third party, regulatory and government approvals will be obtained; and that Tyhee will be able to achieve its operational, production and/or financial objectives in respect of any acquisition and generally. Factors that could cause future events to differ from those anticipated in forward looking statements include: inability to identify merger or acquisition opportunities, or once identified, negotiate a transaction on terms acceptable to Tyhee;delays in obtaining approvals for acquisition or merger activity, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; fluctuations in foreign exchange rates and interest rates; inability to achieve operational efficiencies on any acquired property sufficient to overcome the costs of acquisition or merger; discrepancies between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of any acquisition or merger, including but not restricted to construction, expansion or enhancement of new or existing operations; the success of exploration and permitting activities; parts, equipment, labor or power shortages or other increases in costs; mining accidents, labour disputes or other adverse events; changes in applicable laws or regulations; that there are no material variations in the current tax and regulatory environment or the tax positions taken by the Company; that the regulatory and political environment within any country where any such targeted entity or project may be located will support the development of environmentally safe mining projects, and any other factors that may cause Tyhee's actual results, performance or achievements to be materially different from those expressed or implied by such information.

In addition to the above, the factors described or referred to under the headings "Financial Risks and Uncertainties" and "Operational Risks and Uncertainties" in Tyhee's Management Discussion and Analysis for the year ended November 30, 2012, which is available on the SEDAR website at ww.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although Tyhee has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, any proposed transaction could be modified, restricted or not completed, and the results or events predicted in these forward looking statements may differ materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking information.

The forward-looking information in this news release is made as of the date of this news release, and Tyhee disclaims any intention or obligation to update or revise such information, except as required by applicable law. This news release does not constitute an offer to buy any securities or a solicitation of any vote or approval or a solicitation of an offer to sell any securities.



Contact

GT Investor Relations Inc.
Greg Taylor
905 337-7673 or Cell: 416 605-5120
gtaylor@tyhee.com

Tyhee Gold Corp.
Brian Briggs
604 681-2877
info@tyhee.com