Tyhee and Det'on Cho Corporation Sign Memorandum of Understanding to Advance Yellowknife Gold Project

Tyhee Gold Corp. (TSX VENTURE:TDC) is pleased to announce that Tyhee NWT Corp (a
wholly owned subsidiary of Tyhee Gold Corp) has signed a non-binding Memorandum
of Understanding (MOU) with Det'on Cho Corporation (DCC), a wholly-owned
business of the Yellowknives Dene First Nation (YKDFN). The MOU sets out the
joint understanding and intention of how the Parties will work together to
advance Tyhee's Yellowknife Gold Project (YGP). The YGP falls within Chief
Drygeese Territory in the Northwest Territories (NWT), the territory of the
Yellowknives Dene. 


"This is another important milestone for the advancement of the Yellowknife Gold
Project," said Hugh R. Wilson, Tyhee's V.P. Environment and Community Affairs.
"It sets out the initial framework for discussions with Det'on Cho Development
Corporation and the Yellowknives Dene First Nation, and is aimed at ensuring
that all parties can share the opportunities and benefits generated by this
development." 


The MOU is intended to encourage the realization of business and employment
opportunities for the DCC and YKDFN members through a competitive bidding
process, provided that they can perform the work at a competitive price and to
the standards required by Tyhee. 


According to DCC President and CEO, Roy Erasmus Jr., the MOU is an important
first step in building a successful business relationship.


"The MOU is a great starting point. It's an opportunity to create opportunities
for the Yellowknives Dene but it's also a way for Tyhee to benefit from Det'on
Cho's expertise, as well." 


This MOU is in line with Tyhee's Social Responsibility Statement: 

"From initial planning to project completion, Tyhee is fully committed to
conducting business in a manner that is beneficial to society in general and, in
particular, addresses the very important considerations of the indigenous people
within whose area the Company operates." 


FORWARD-LOOKING STATEMENTS: 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 that address events or developments that the
Company expects to occur, other than statements of historical facts, is
"forward-looking information." Forward-looking information is 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. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "expects", "believes", "anticipates", "budget", "scheduled",
"estimates", "forecasts", "intends", "plans" and variations of such words and
phrases, or by statements that certain actions, events or results "may", "will",
"could", "would" or "might", "be taken", "occur" or "be achieved". Factors that
could cause future events to differ from those anticipated in forward looking
statements include: the Company's inability to complete a Definitive Agreement
with the other parties involved. In addition to the above, the factors described
or referred to under the headings "Financial Risks and Uncertainties" and
"Operational Risks and Uncertainties" in Tyhee's Management Discussion and
Analysis for the year ended November 30, 2012, which is available on the SEDAR
website at ww.sedar.com, should be reviewed in conjunction with the information
found in this news release. 


Although Tyhee has attempted to identify important factors that could cause
actual results, performance or achievements to differ materially from those
contained in forward-looking information, there can be other factors that cause
results, performance or achievements not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate or that management's expectations or estimates of future developments,
circumstances or results will materialize. As a result of these risks and
uncertainties, any proposed transaction could be modified, restricted or not
completed, and the results or events predicted in these forward looking
statements may differ materially from actual results or events. Accordingly,
readers should not place undue reliance on forward-looking information. 


The forward-looking information in this news release is made as of the date of
this news release, and Tyhee disclaims any intention or obligation to update or
revise such information, except as required by applicable law. 


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


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


Det'on Cho
Roy Erasmus Jr.
President and CEO
867 873-6533
rerasmus@detoncho.com
Tyhee Gold Corp. (TSXV:TDC)
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