VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 28, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company") is pleased to announce that, further to its news release of August 14, 2013, the Company raised $600,000 through the sale of two-and-one-half units (the "Units") at $240,000 per Unit (the "Offering"). Each whole Unit consists of 4,000,000 common shares (the "Shares") and 4,000,000 common share purchase warrants (the "Warrants"), resulting in the issuance by the Company of 10,000,000 Shares and 10,000,000 Warrants. Each Warrant will entitle the holder to purchase a further common share of the Company (the "Warrant Shares") at a price of $0.10 per Warrant Share within 24 months of the date of issuance. The Offering was completed in four tranches:

Due to securities regulations, this offering was required to be closed by October 16, 2013. The Company has subsequently decided to proceed with a new non-brokered private placement of up to ten (10) units of the Company (the "Units") under the same terms and conditions of the previous placement as noted above. Again, all securities sold in this private placement will be subject to a 4-month hold period from closing and this private placement is subject to the approval of the TSX Venture Exchange.

The funds from the recently closed as well as the new private placement will be used to advance Tyhee's Yellowknife Gold Project, an advanced stage wholly-owned gold project in the development and permitting stage, as well as for general corporate purposes.

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, other than statements of historical facts, that address events or developments that the Company expects to occur are "forward-looking statements". Forward-looking statements are 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. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Factors that may cause actual results to vary from those made in the forward looking statements described in this document include: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; delays in obtaining approvals, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delays in completion of work necessary to complete the feasibility study, whether as a result of adverse weather conditions, contract or labour disputes, equipment failure, or response to regulatory enquiries in respect of permit applications; technological and operational difficulties encountered in connection with the activities of the company. This list is not exhaustive of the factors that may affect the forward looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the companies' forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Greg Taylor
GT Investor Relations Inc.
O: 905 337-7673 C: 416 605-5120
gtaylor@tyhee.com

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