TSX Venture: TDC

VANCOUVER, July 21, 2011 /PRNewswire/ - Tyhee Gold Corp. (TSX Venture, TDC) (the "Company") announces that the Board of Directors of the Company has determined to proceed with the termination of the Company's March, 2009 shareholder rights plan (the "Rights Plan") and redeem the rights granted under the Rights Plan (the "Rights").

The Rights Plan was originally adopted in the spring of 2009 in response to general market weakness which persisted in the wake of the fall, 2008 financial crisis. The Rights Plan was implemented to protect the Company from the risk of a hostile take-over or change in the respective ownership of the current shareholder base of the Company during the financial market crisis. The Board of Directors has determined that this concern is no longer prevalent; and believes it is in the best interests of the Company to terminate the Rights Plan and redeem the rights issued thereunder.

The Company has called a special meeting of its shareholders to approve the redemption of the Rights and the termination of the Rights Plan, to be held on August 17, 2011. The termination of the Rights Plan will occur on August 17, 2011, subject to the prior approval of the Shareholders of the Company.