TYHEE GOLD CORP

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Message: NEWS: TYHEE GRANTS INCENTIVE STOCK OPTIONS, SETTLES DEBT

http://www.tyhee.com/documents/TyheeNROptionsFeb-Mar2012Final2.pdf

March 1, 2012

(the “Company”) has granted incentive stock options to purchase in aggregate up to 2,650,000 common shares to two of its officers and one director pursuant to its incentive stock option plan. The options are exercisable on or before February 28, 2017 at a price of $0.11 per share. In addition, the Company has agreed to issue, subject to the approval of the TSX Venture Exchange, warrants to purchase 200,000 shares at a price of $0.12 per share, exercisable until February 28, 2017, for services previously rendered to the Company by a consultant. The warrants and underlying shares will be subject to a four month hold period.

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