Tagish Lake Obtains Interim Order for Plan of Arrangement

   Tagish Lake Gold Corp. (the "Company") (TSX VENTURE: TLG) announces that the Supreme Court of British Columbia (the "Court"), on November 3, 2010, issued an interim order authorizing the Company to, among other things, call a meeting of its shareholders (the "Meeting") to consider and, if deemed advisable, pass a special resolution approving the proposed arrangement (the "Arrangement") involving New Pacific Metals Corp. ("New Pacific"), as previously announced on October 29, 2010.

Pursuant to the proposed Arrangement, New Pacific would acquire all of the issued and outstanding common shares of the Company ("Shares") which it does not currently hold. New Pacific currently holds approximately 79.2% of the outstanding Shares. The Arrangement is being proposed in order to allow New Pacific to acquire the Shares that were not deposited under the recently expired take-over bid by New Pacific for the Shares. If the Arrangement is completed, the Company will become a wholly-owned subsidiary of New Pacific.

The Company intends to hold the Meeting at 10:00 a.m. (Vancouver time) on December 15, 2010, at the offices of Blake, Cassels & Graydon LLP, at Suite 2600, 595 Burrard Street, Three Bentall Centre, Vancouver, B.C. The record date for determining the holders of Shares that will be entitled to receive notice of and to vote at the Meeting is November 12, 2010. The special resolution approving the proposed Arrangement must be approved by at least two-thirds of the votes cast by shareholders represented in person or by proxy at the Meeting.

The Company also received, on November 3, 2010, an order of the Court vacating the October 8, 2010 order of the Court requiring the holding of a meeting of the shareholders of the Company on November 17, 2010. As disclosed in the October 27, 2010 news release of the Company, the previous directors of the Company have each resigned and have been replaced with nominees of New Pacific. Given that the only matter to have been considered at the November 17, 2010 meeting was the removal and appointment of the directors, that meeting was no longer necessary.

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.

Neither 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.

Contacts: Tagish Lake Gold Corp. Rui Feng President 604-669-9397 www.tagishgold.com