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Message: Financing

MONTREAL, QUEBEC -- Golden Tag Resources Ltd. (TSX VENTURE:GOG) ("Golden Tag") announces that it is proposing to complete a non-brokered private placement to sell up to five million units at a price of $0.55 per unit, for gross proceeds of up to $2,750,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole Warrant entitles the holder to purchase one common share at a price of $0.75 per common share for the period ending 24 months from the closing date, provided that, if after four months and one day following the closing date, the common shares close in excess of $1.25 for any 20 consecutive trading days, Golden Tag will be able to accelerate the expiry date of the warrants to a date that is 30 days after notice of the new expiry date is provided to the warrant holders.

PowerOne Capital Markets Limited will act as a finder in the financing and will receive a cash commission of 7 per cent of the total gross proceeds plus such number of warrants equal to 10 per cent of the total number of units issued in connection with the offering. The compensation warrants will be exercisable at a price of $0.55 cents per compensation warrant for a period of 24 months from the closing date to acquire one unit.

The terms of the placement and finders fees are subject to TSX Venture acceptance. Completion is expected to take place on or around April 14, 2011 and is subject to the negotiation and execution of definitive agreements as well as customary closing conditions. Proceeds will be used for exploration and general corporate purposes.

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