VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 14, 2013) -

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

Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") is pleased to announce that it will proceed with a non-brokered private placement of eight (8) units of the Company (the "Units") at $240,000 per Unit. Each Unit will be comprised of 4,000,000 common shares of the Company and 4,000,000 transferable common share purchase warrants of the Company (the "Warrants"). Each Warrant will entitle the holder to purchase a further common share in the Company (the "Warrant Shares") at a price of $0.10 per Warrant Share within 24 months of closing. All securities sold in this private placement will be subject to a 4-month hold period from closing. The private placement is subject to the approval of the TSX Venture Exchange (the "Exchange").

The Company may pay a finder's fee on the private placement within the maximum amount permitted by the policies of the Exchange. The Company may complete multiple closings of the private placement, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.

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, including statements regarding the closing of the non-brokered financing, the proposed use of funds, expectation of multiple closings of the private placement, 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: timing of completion of financing; 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;. 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

GT Investor Relations Inc.
Greg Taylor
O: 905 337-7673
C: 416 605-5120
[email protected]

Tyhee Gold
Brian Briggs
President
604 681-2877
[email protected]