Tyhee Gold: RMB Loan Transaction Closed

Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company" or "Tyhee") is pleased to
announce that the previously announced Note Purchase Agreement ('the Agreement")
with RMB Australia Holdings Limited ("RMB Australia") has received regulatory
approval from the TSX Venture Exchange, enabling the transaction to be
completed. Under the terms of the Agreement, RMB Australia has provided the
Company with a US$5 million loan (the "RMB Note"), which has a six-month term
and bears interest at 2% per month, all of which was paid on closing. 


This successful closing represents another important step in support of Tyhee's
previously announced plans to acquire Santa Fe Gold Corporation ("Santa Fe")
(OTCQB: SFEG). Tyhee has agreed to lend Santa Fe US$3 million (the "Bridge
Loan") to repay a portion of that company's accounts payable, with the first
advance to be made on or before February 15, 2014. Tyhee will use a portion of
the proceeds of the RMB Note to make the Bridge Loan advance.


Upon completion of this proposed merger, Tyhee's core assets will include the
Summit mine and Lordsburg Mill in New Mexico, and the Yellowknife Gold Project
("YGP") in Canada's Northwest Territories, a significant and much larger, but
longer term, growth asset.


IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

In connection with the proposed transaction, Tyhee and Santa Fe intend to file
relevant materials with the Securities and Exchange Commission (the "SEC"),
including the filing by Tyhee with the SEC of a Registration Statement on Form
F-4 (the "Registration Statement"), which will include a preliminary prospectus
and related materials to register the Tyhee Shares and Tyhee Warrants to be
issued in exchange for Santa Fe common shares. The Registration Statement will
incorporate a proxy statement/ prospectus (the "Proxy Statement/Prospectus")
that Santa Fe plans to mail to its stockholders in connection with obtaining
approval to the proposed merger. The Registration Statement and the Proxy
Statement/Prospectus will contain important information about Santa Fe, Tyhee,
the transaction and related matters. Investors and security holders are urged to
read the Registration Statement and the Proxy Statement/Prospectus carefully
when they are available. Investors and security holders will be able to obtain
free copies of the Registration Statement and the Proxy Statement/Prospectus and
other documents filed with the SEC by Santa Fe and Tyhee through the web site
maintained by the SEC at www.sec.gov.


Santa Fe and its directors and executive officers also may be deemed to be
participants in the solicitation of proxies from the stockholders of Santa Fe in
connection with the transaction described herein. Information regarding the
special interests of these directors and executive officers in the transaction
described herein will be included in the Proxy Statement/Prospectus described
above. Additional information regarding these directors and executive officers
is also included in Santa Fe's annual report on Form 10-K, which was filed with
the SEC on September 30, 2013. This document is available free of charge at the
SEC's web site at www.sec.gov.


Tyhee and its directors and executive officers may be deemed to be participants
in the solicitation of proxies from the stockholders of Santa Fe in connection
with the transaction described herein. Information regarding the special
interests of these directors and executive officers in the transaction described
herein will be included in the Proxy Statement/Prospectus described above. 


The RMB Note, has not been, nor will it be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale,
nor a solicitation for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing
detailed information about the issuer and management, as well as financial
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". Forward
looking statements made in this news release include all statements related to:
the Company's intentions to complete the Company's merger with Santa Fe, and the
planned Bridge Loan and cash injection into Santa Fe.


Such forward-looking information is based on management's reasonable estimates
and assumptions, including without limitation, assumptions about: general
economic conditions and conditions in the financial markets; limited changes in
demand and prices for minerals; the ability of the Company to access sufficient
financing as contemplated in this news release; the ability of the Company to
identify appropriate merger or acquisition opportunities, or if an opportunity
is identified, to conclude a transaction on satisfactory terms or to realize the
expected benefits of any transaction; the ability of the Company to satisfy the
conditions in any agreement related to such a transaction; the belief that due
diligence investigations of any involved party will not identify any materially
adverse facts or circumstances; that the required approvals will be obtained
from shareholders; that all required third party, regulatory and government
approvals will be obtained; and that Tyhee will be able to achieve its
operational, production and/or financial objectives in respect of any
acquisition and generally. 


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. This news release
does not constitute an offer to buy any securities or a solicitation of any vote
or approval or a solicitation of an offer to sell any securities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tyhee Gold Corp.
Brian Briggs
President
604 681-2877
info@tyhee.com


Tyhee Gold Corp.
Greg Taylor
Investor Relations
905 337-7673 or C: 416 605-5120
gtaylor@tyhee.com


Santa Fe Gold
Pierce Carson
President & CEO
(505) 255-4852
pcarson@santafegoldcorp.com
Tyhee Gold Corp. (TSXV:TDC)
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