TYHEE GOLD CORP

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Message: Re: Ming Fung Jewellery Memorandum of Understanding with Tyhee

Thanks Pepi for the link to Ming Fung's posting of a MOU. This MOU contains only one of the normal contents of a MOU, as it simply states an intention of the parties to reach agreement, and goes somewhat farther than normal in that regard by describing what the form of the agreement might be. (It actually envisions two different possible forms of agreement.) It is surprising that there is no confidentiality agreement contained in it. Without such an agreement, Tyhee cannot disclose any confidential information to them, and it would be virtually impossible to reach a fair agreement without sharing some non-public information. It also contains no standstill, i.e. no prohibition for Ming Fung to acquire or sell shares for a period of time without Tyhee's advance approval. And finally, there is absolutely no restriction on Tyhee from talking with other parties interested in financing Tyhee's important activities leading to permitting and the development of a mine. This is important to us as there are several credible investors and joint venture partners who would have both the financial firepower and interest in financing Tyhee's next steps.

Calmlyrational

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