Tyhee Announces Completion of Non-Brokered Unit Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SEVICES

VANCOUVER, BRITISH COLUMBIA -- (Marketwired - July 19, 2013) - Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") is pleased to announce that, further to its news release of May 2, 2013, the Company has completed the sale of $840,000 of three-and-one-half units (the "Units") at $240,000 per Unit (the "Offering"), resulting in the issuance by the Company of 14,000,000 common shares (the "Shares") and 14,000,000 share purchase warrants (the "Warrants"). Each Warrant will entitle the holder to purchase a further common share of the Company (the "Warrant Shares") at a price of $0.10 per Warrant Share within 24 months of the date of issuance. The Offering was completed in four tranches:

                                                     Share purchase                 Shares 
                                      Gross      Shares    warrants             & warrants
            Tranche                proceeds      issued      issued    hold period expires:
First    May 3, 2013   1/2 Unit    $120,000   2,000,000   2,000,000       September 4, 2013
Second   May 27, 2013    1 Unit    $240,000   4,000,000   4,000,000      September 28, 2013
Third    June 13, 2013   1 Unit    $240,000   4,000,000   4,000,000        October 14, 2013
Fourth   July 12, 2013   1 Unit    $240,000   4,000,000   4,000,000       November 13, 2013
Total Offering:                    $840,000  14,000,000  14,000,000   	

The funds will be used to advance Tyhee's Yellowknife Gold Project, an advanced stage wholly-owned gold project in the development and permitting stage, as well as 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 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: 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; delays in completion of work necessary to complete the feasibility study, whether as a result of adverse weather conditions, contract or labour disputes, equipment failure, or response to regulatory enquiries in respect of permit applications; technological and operational difficulties encountered in connection with the activities of the company. 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.



Contact

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

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