Tagish Lake Cancels All 2010 Incentive Stock Options

Tagish Lake Gold Corp. (the "Company") (TSX VENTURE:TLG) announces it has
cancelled an aggregate of 11,981,720 Company incentive stock options
representing all Company incentive stock options the Company granted April 1,
2010 (collectively, the "Options") and approved by the Company's previous board
of directors.


Following cancellation of the Options the Company will have 1,000,000 options
issued. Any future options to Company directors, officers, employees, and
consultants will be granted, subject to: the creation of a new Company stock
option plan (the "Plan"), prior TSX Venture Exchange ("TSXV") approval, and
prior approval of the Plan by Company shareholders.


This news release may contain forward-looking statements (within the meaning of
applicable securities laws) relating to the Company. Forward-looking statements
are identified by words such as "believe", "anticipate", "expect", "intend",
"plan", "will", "may" and other similar expressions. This information involves
known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking information. Forward-looking information in this news release
includes, without limitation, statements made in respect of the Arrangement.


All forward-looking statements in this news release are qualified by these
cautionary statements. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance or
results, should not be unduly relied upon and will not necessarily be accurate
indications of whether or not such results will be achieved. Forward-looking
information is based on various material factors or assumptions, which are based
on information currently available to the Company. Although the forward-looking
statements contained in this news release are based upon what management
believes are reasonable assumptions, the Company cannot assure readers that
actual results will be consistent with these forward-looking statements.


The forward-looking statements contained in this news release are made as of the
date of this news release and should not be relied upon as representing the
Company's views as of any date subsequent to the date of this news release. The
Company assumes no obligation to update or revise these forward-looking
statements to reflect new information, events, circumstances or otherwise,
except as required by applicable law.