Tyhee Recieves Funds From Early Exercise Of Warrants.

VANCOUVER, July 29, 2011 /CNW/ --
TSX Venture: TDC

VANCOUVER, July 29, 2011 /CNW/ - 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. 

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