Santa Fe Gold Terminates Proposed Agreement and Plan to Merge with Tyhee

Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company" or "Tyhee") announces that
Santa Fe Gold Corporation (OTCQB:SFEG) ("Santa Fe") has terminated the
previously announced proposed agreement and plan of merger dated January 23,
2014. Under the terms of that agreement and subject to certain conditions,
Tyhee, acting through a newly-incorporated Delaware subsidiary corporation, was
to have acquired 100% of the issued and outstanding securities, including
dilutive securities, of Santa Fe in exchange for securities of Tyhee. According
to Santa Fe, the proposed agreement was terminated because Tyhee had failed to
"consummate a qualified financing of at least $20 million on or before March 15,
2014" under the terms of the agreement. 


Tyhee was satisfactorily proceeding with the previously announced financing,
through a special purpose vehicle (SPV), in an orderly manner and was of the
opinion that this SPV financing would likely be achieved on the date specified.
On March 4, 2014, Santa Fe advised Tyhee that Santa Fe had received notice that
Tony Cavanaugh, an alleged stockholder of Santa Fe, had filed in the Second
Judicial District Court of the State of New Mexico, County of Bernalillo, a
purported class action complaint on behalf of himself and all others similarly
situated, against Santa Fe, the five current members of its Board of Directors,
Tyhee and Tyhee's wholly-owned subsidiary, Tyhee Merger Sub, Inc. Tyhee has not
been served in the action.


After Santa Fe provided notice of this legal action, Tyhee both formally and
informally requested full transparency from Santa Fe on the impacts of the
action, including but not limited to impacts on timing of merger closure,
potential fees that Tyhee would be required to pay on behalf of Santa Fe, and
potential injunctions that may result. Santa Fe has not responded to any of
these requests by Tyhee to date. Tyhee immediately notified the potential
investors in the SPV financing of this and other potential legal action against
Santa Fe and formally requested Santa Fe for an extension of the time to
complete the SPV financing so that proper evaluation and transparency of the
action could be understood and plainly delivered to potential SPV investors.
Santa Fe did not accede to this request. 


Santa Fe has demanded payment of a break fee in the amount of $300,000 in
connecton with their termination of the merger agreement. 


Tyhee is continuing to evaluate and have discussions with additional acquisition
targets as outlined in the Company's press release of November 14, 2014 and
remains strongly committed to a policy of growth by acquisition.


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 intention to defend against the claims brought against the Company
and Tyhee Merger Sub by Tony Cavanaugh, an alleged stockholder of Santa Fe, on
behalf of himself and all others similarly situated. Factors that could cause
future events to differ from those anticipated in forward looking statements
include: availability of funds to mount a legal defense; and the uncertainty of
the outcomes of litigation and risks associated with the inherent uncertainty of
future litigation results. 


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


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