GOG Golden Tag Resources Ltd

Golden Tag Resources Ltd. (TSX VENTURE:GOG) is pleased to announce that a 5,000
metre diamond drilling program has commenced on the San Diego Property,
Velardena Mining District, Durango State, Mexico. The program, which is the 6th
phase of drilling on the property, is budgeted at $US1.8 million and is being
wholly-funded by Golden Tag as part of a recently revised joint venture
agreement with Golden Minerals Company (NYSE Amex: AUMN; TSX:AUM) (see press
release: April 17, 2012) whereby Golden Tag has the right to increase its
interest in the joint-venture from 50% to 60% by funding the next $US3 million
of exploration expenses. Golden Tag is the operator.


Phase 6 drilling will commence with the extension of holes SD-08-34 and
SD-11-38, two holes that were previously stopped after testing the San Jose Vein
before this vein was recognized as the beginning of the South Corridor. 250 to
300 meter extensions will cross the entire width of the mineralized South
Corridor. Three holes are also proposed to test for a westward continuation to
mineralization. Positive results from this drilling should result in an improved
Resource Estimate for the San Diego property: a larger increase in Resources due
to discovery and extension of these discoveries; and, a better quality to the
reported Resources. A new updated 2012 Resource Report is planned for completion
in early October, 2012.


Diamond drilling on the property originally commenced in September, 2006 and
five phases of drilling totalling 27,400m has been completed to date. Each phase
of drilling has resulted in favourable results and has contributed to an
increasing Resource estimate on the property. In January 2009 at the end of
Phase 4, a 43-101 Resource Estimate was prepared by Micon International Inc.
(see press release: Jan 19th 2009) which reported Indicated Resources of 0.371
million tonnes grading 245 grams silver per tonne (Ag g/t), 1.80 percent Pb (%
Pb), 1.33 percent Zn (% Zn) and 0.339 grams gold per tonne (Au g/t) for 4.25
million ounces of Silver-equivalent (oz.Ag.EQ); and Inferred Resources of 21.63
million tonnes grading 110 Ag g/t, 1.84 % Pb, 2.21 % Zn and 0.134 Au g/t for
214.3 Million oz.Ag EQ.


An updated resource estimate to include results of the 10,400 m phase 5 program
completed in November, 2011 was originally scheduled to be completed in April,
2012. As a result of the new discoveries hosted by the South Corridor
encountered in Phase 5 and also in response to an agreement whereby the Company
can increase its interest in the property; it was decided to move immediately
into a phase 6 program of drilling. Upon completion of Phase 6, the results of
Phases 5 and 6 with new models for geology will be incorporated into a new
mineral resource estimate. A new updated 2012 Resource Report is planned for
completion in early October, 2012.


Phase 6 Drill Program: 

Mineralization at the San Diego property is clearly controlled by the Central
Diorite; a plug-like intrusion in the centre of the property which is the
principal source of heat, fluids and metals. Mineralization is contained in two
separate vein corridors, namely the Central Corridor and the recently discovered
South Corridor. All drilling in the first four phases of work was concentrated
on the central corridor and as such a very large proportion of the 2009
Resources are from the Central Corridor. Drilling in phase 5 resulted in the
discovery of the South Corridor which offers considerable potential to increase
total mineralization and resources on the property. Results indicate that the
strength and grade of mineralization in the South Corridor increases towards the
Central Intrusion over the projected 300 m strike-length tested to date. The
geological model suggests that over the next 200 metres the South Corridor will
be in close proximity to the Central Intrusion and is expected to be more
intensely altered and mineralized. 


The Phase 6 program is structured in two parts: 



1.  Infill Drilling: Within the 300 meter strike-length of current drilling
    there is a gap in the drill pattern which will affect the quality of any
    current resource estimate. This can be improved by extending two holes,
    SD-08-34 and SD-11-38, which were both stopped after intersecting the
    San Jose Vein during earlier drilling programs. Hole extensions of 250
    to 300 meters are relatively inexpensive and should confirm the
    continuity and environment of mineralization allowing Inferred Resources
    in this area to be upgraded to Indicated Resources. 

2.  Westward Extension: Three drill holes are proposed on an important step-
    out to the West of current information. The holes will be completed, one
    above the other, to test a target area that extends from 400 to 900
    meters below surface.



Completing the five holes in sequence will provide for a good test of the
geological model. Holes are being spaced at distances accepted as the optimum
separations for Resource estimation. 


Quality Control: Mr. David Rigg, C.E.O. Golden Tag, P.Geo. and QP under the
definition of NI 43-101, has reviewed the technical accuracy of this press
release. Kateri Marchand, P.Geo, San Diego Project Manager and QP has also
confirmed all disclosures in this release.


Golden Tag is focused on exploration for high-grade gold and silver deposits in
Canada and Mexico. Exploration projects are being advanced on the San Diego
silver project in Durango State, Mexico; the Aquilon gold project in James Bay,
Quebec and the Verneuil gold project in Quebec. Golden Tag also has interests in
the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558 issued
and outstanding shares and has no outstanding debt.


Cautionary Statement:  Mineral Resources that are not Mineral Reserves do not
have demonstrated economic viability.


Statements in the release that are "forward looking statements" are based on
current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially. We undertake no duty to
update any forward looking statements to conform the statements to actual
results or changes in our expectations.

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