TDC

A Correction from Source is issued with respect to the release issued earlier
today at 2:30 pm ET. A sentence has been removed from the end of the second
paragraph, and the corrected version follows.


Tyhee Gold Corp. (TSX VENTURE:TDC) ("Tyhee" or the "Company") has granted
incentive stock options or share purchase warrants to purchase in aggregate up
to 5,850,000 common shares to its directors, officers and employees pursuant to
its incentive stock option plan. The options are exercisable on or before
February 1, 2018 at a price of $0.10 per share.


About Tyhee Gold: Tyhee is focused on developing the first gold mine on its
flagship Yellowknife Gold Project ("YPG") in Canada's Northwest Territories. The
project is located in the same prolific Archaen Greenstone Belt as the renowned
world class "Con-Giant" deposit, which produced a combined 14 million ounces of
gold. Tyhee is led by a veteran, project-driven, management team committed to
aggressively advancing a permitting and development path targeted to enable mine
construction to begin in 2014. An independent Feasibility Study ("FS") has been
completed, which estimated that, at a base-case gold price of US$1,400 per ounce
and a projected 4,000 tonnes-per-day processing plant comprised of a
conventional gravity-flotation-cyanide process and incorporating open-pit and
underground mining methods on the Ormsby, Bruce Lake, Clan Lake and Nicholas
Lake deposits, the YGP is estimated to return a pre-tax net present value (NPV)
at a 5% discount rate of approximately $216 million (post-tax $115 million) and
an internal rate of return of 20% (post-tax 15%) based on initial estimated
capital cost of $193 million (including a 10% contingency.)


The study also estimated Proven and Probable mineral reserves(1) for the YGP at
20,433,000 tonnes at an average grade of 2.03 grams per tonne ("g/t") gold,
containing 1,334,000 ounces of gold, resulting in a mine-life of approximately
15 years. Tyhee's technical team has identified six separate gold deposits in
the YGP, including Ormsby, Bruce Lake, Clan Lake, Nicholas Lake and Goodwin
Lake. These areas have a combined Measured and Indicated resource(2) estimated
to total 1,715,000 ounces of gold contained in 27,115,000 tonnes at an average
grade of 1.97 g/t, and Inferred resources of 487,000 ounces of gold contained in
5,774,000 tonnes at 2.62 g/t.


(1) The mineral reserve estimate for the YGP is shown above and was calculated
by Bret C Swanson BE (Min), Principal Consultant, of SRK Consulting (U.S.), Inc.
Effective Date of July 1, 2012. Reserves are inclusive of mineral resources.


(2) The mineral resource for the YGP shown above was estimated by Jeff Volk, P.
Geo. of SRK Consulting (U.S.), Inc. Effective Date of July 1, 2012.


FORWARD LOOKING STATEMENTS: Certain of the statements and information in this
press release constitute "forward-looking statements" or "forward-looking
information" Any statements or information that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or
information.


Forward-looking statements or information relate to, among other things:
resource estimate, grades on the Yellowknife Gold Project; scope of
mineralization within the Yellowknife Gold Project; geological interpretations
and potential mineral recovery processes.


Forward-looking statements or information are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those reflected in the forward-looking statements or
information, including, without limitation, risks relating to: fluctuations in
the spot and forward price of gold or certain other commodities; changes in
national and local government legislation, taxation, controls, regulations and
political or economic developments in Canada or other countries in which the
Company may carry on business in the future; the uncertainties involved in
interpreting geological data; business opportunities that may be presented to,
or pursued by, the Company; operating or technical difficulties in connection
with mining activities; the speculative nature of gold exploration and
development, including the risks of obtaining necessary licenses and permits;
diminishing quantities or grades of reserves; and contests over title to
properties, particularly title to undeveloped properties. In addition, there are
risks and hazards associated with the business of gold exploration, development
and mining, including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion losses
(and the risk of inadequate insurance, or the inability to obtain insurance, to
cover these risks).


This list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. Forward-looking statements or
information are statements about the future and are inherently uncertain, and
actual achievements of the Company or other future events or conditions may
differ materially from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other factors. Although
the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. Accordingly, readers
should not place undue reliance on forward-looking statements or information.


The Company's forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of the date of
this press release, and other than as required by applicable securities laws,
the Company does not assume any obligation to update forward-looking statements
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements and information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
GT Investor Relations Inc.
Greg Taylor
905 337-7673
C: 416 605-5120
gtaylor@tyhee.com


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

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