TYHEE GOLD CORP

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Message: Standard Chartered report entitled "In Gold we trust"

Standard Chartered published a report dated 14 June 2011 entitled "In Gold we trust." Most people are focusing on the bank's projection of the price of gold to hit US$4,869/oz in nominal terms (US$3,681/oz in realterms) by 2020 in the event of a super-bull market.

However, more relevant to Tyhee, Standard Chartered believes "the best ways to invest in the gold cycle are buying physical gold (a safe asset) orinvesting in junior gold miners (highest leverage to the gold price) that are 1-2 years away from production. We are cautious about the gold majors. Project plans of the big five gold producers bymarket cap suggest an average production CAGR of only 4% over the next 5 years."

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