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FS First Star Resources

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Share Name Share Symbol Market Type
First Star Resources TSXV:FS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Tyhee Grants Incentive Stock Options

06/06/2013 7:42pm

Marketwired Canada


Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") announces that it has granted
incentive stock options to purchase an aggregate of up to 1,000,000 common
shares to one of its directors pursuant to the Company's incentive stock option
plan. The options granted are exercisable on or before June 4, 2018 at a price
of $0.10 per share.


About Tyhee Gold: Tyhee is led by a veteran, project-driven, management team
committed to aggressively advancing a permitting and development path targeted
to enable construction beginning in 2014 of a new gold mine near Yellowknife in
Canada's Northwest Territories. This objective is supported by the independent
National Instrument 43-101-compliant Feasibility Study ("FS") entitled "NI
43-101 Technical Report, Yellowknife Gold Project Feasibility Study, Northwest
Territories, Canada," dated October 1, 2012. This FS provided the economic and
technical framework supporting an operation that would produce approximately
100,000 ounces ("oz.") of gold per year during the first eight full years of
production. The study used a base-case gold price of US$1,400/oz. and a
projected 4,000 tonnes-per-day processing plant comprised of a conventional
recovery circuit (gravity-flotation-CIL). Approximately 75% of the reserves are
contained in the Ormsby open pit with the remainder coming from Nicholas Lake,
Ormsby Underground, Bruce Pit and a small amount of reserves from Clan Lake
also. 


According to the study's authors - SRK Consulting, Knight Piesold and Lyntek
Inc. out of their Denver, Colorado offices - this project is estimated to return
a pre-tax net present value 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 an initial estimated capital cost of $193 million (including a 10%
contingency and, as noted, a $1400/oz gold price.) 


The Company's shares trade on the TSX Venture Exchange under the symbol "TDC".
For additional information, please visit the Company's website, www.tyhee.com.


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


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

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