Tyhee Gold Corp. Announces Extension of Non-Brokered Unit Private Placement

VANCOUVER, Oct. 20, 2014 - Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") announces that, further to the Company's news release of July 4, 2014 announcing a non-brokered private placement of up to 10,000,000 units of the Corporation (each, a "Unit"), at $0.10 per Unit (the "Offering"), the price of the Units was adjusted to $0.09 per Unit and conditionally approved by the TSX Venture Exchange (the "Exchange") on August 1, 2014. Each Unit will consist of one common share of the Corporation (each, a "Share") and one-half of one common share purchase warrant (a "Warrant") at an exercise price of $0.15 per Share, expiring 24-months from the date of issuance upon closing of the Offering. All securities sold in the Offering will be subject to a 4-month hold period from closing.

On August 28, 2014, the Company sold and issued 1,000,000 Units for aggregate gross proceeds of $90,000.

The Company anticipates extending the Offering with the closing of an additional tranche on or before October 24, 2014, consisting of 3,888,889 Units.

The funds will be used for general corporate purposes.


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, other than statements of historical facts, that address events or developments that the Company expects to occur, including statements regarding the closing of the non-brokered financing, the proposed use of funds, expectation of multiple closings of the private placement, 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. Factors that may cause actual results to vary from those made in the forward-looking statements described in this document include: timing of completion of financing; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; delays in obtaining approvals, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments;. This list is not exhaustive of the factors that may affect the forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the companies' forward-looking information. 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES.



CONTACT INFORMATION

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

GT Investor Relations Inc
Greg Taylor
O: 905 337-7673
C: 416 605-5120
gtaylor@tyhee.com
www.tyhee.com