TYHEE GOLD CORP

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Message: Short-term catalysts?

Webb wrote me last week about what news we might see soon.

Here, paraphrased, is what he said,

Possible, before the end of the month, we might see news of some Nicholas Lake and Ormsby drill holes, but they probably will not change the resource as they are confirmations of the existing resource.

Also, there may be some further metallurgical work as part of the PFS and permitting work to report, which include the first ever samples from Clan Lake. These could be viewed as material were it not for the bulk sample excavated in 1966 that gave Tyhee some non- NI 43-101 compliant figures.


Essentially we know what they got so we expect the same. This information sometimes comes in stages. First scoping studies are done (general tests from different area and different rock types to see if there are any metallurgical differences) followed by optimization tests(check to see if we can boast the recoveries beyond the 95% level).

Tyhee is also working on some underground mining and open pit studies (all on paper). This can be released as news when the engineers approve it.

Also, you might see news of some contracts left for the winter road and resupply haul, and the mobilization of the drills.

All of this could come out in the next 4 to 8 weeks.

Baires

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