Tyhee to Terminate Shareholder Rights Plan

VANCOUVER, July 21, 2011 /CNW/ --
TSX Venture: TDC

VANCOUVER, July 21, 2011 /CNW/ - Tyhee Gold Corp. (TSX Venture, TDC)
(the 'Company') announces that the Board of Directors of the Company
has determined to proceed with the termination of the Company's March,
2009 shareholder rights plan (the 'Rights Plan') and redeem the rights
granted under the Rights Plan (the 'Rights').

The Rights Plan was originally adopted in the spring of 2009 in response
to general market weakness which persisted in the wake of the fall,
2008 financial crisis.  The Rights Plan was implemented to protect the
Company from the risk of a hostile take-over or change in the
respective ownership of the current shareholder base of the Company
during the financial market crisis.  The Board of Directors has
determined that this concern is no longer prevalent; and believes it is
in the best interests of the Company to terminate the Rights Plan and
redeem the rights issued thereunder.

The Company has called a special meeting of its shareholders to approve
the redemption of the Rights and the termination of the Rights Plan, to
be held on August 17, 2011.  The termination of the Rights Plan will
occur on August 17, 2011, subject to the prior approval of the
Shareholders of the Company.

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 prefeasibility 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.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/21/c6715.html