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Series 17 Release 1

Tyhee Gold Corp. retains Red Cloud to Review Strategic Alternatives

May 12, 2016, Toronto, Ontario – Tyhee Gold Corp. (NEX:TDC.H) ("Tyhee" or the “Company") has engaged Red Cloud Klondike Strike Inc. (“RedCloudKS”) of Toronto to review strategic alternatives which may involve a transaction with one or more third parties including a financing to raise funds for the Company or the sale of all, or any interest in, the assets of the Company.

There can be no assurance that any transaction will result from this engagement. The Company will inform shareholders of any developments in a timely manner.

About Tyhee

Tyhee, incorporated under the laws of British Columbia, is an advanced-stage mineral exploration company listed on the NEX under the symbol TDC.H. Trading in the shares of the Company is currently suspended.  Trading in shares of Tyhee has been cease traded in British Columbia and Ontario for failure to file financial statements. Tyhee, through its wholly-owned subsidiary, Tyhee N.W.T. Corp., has completed extensive exploration and development work, including an independent National Instrument 43-101-compliant Feasibility Study (August 2012) on its wholly-owned Yellowknife Gold Project, an advanced stage gold project located in Canada’s Northwest Territories.

About RedCloudKS

Red Cloud Klondike Strike Inc. is an exempt market dealer focused on providing unique and innovative financing and growth solutions to mining companies. Working as an extension of management, RedCloudKS uses its global network of capital markets specialists and extensive experience in the many facets of the business to help companies identify alternative sources of capital and quality actionable growth opportunities, and to generate and maintain important relationships with key investors. The RedCloudKS signature online investment platform offers a unique alternative method of accessing capital as it enables investors to directly participate in security offerings of select companies, and provides issuers access to a fresh pool of investors in a streamlined, secure, online process.

For further information please contact:

Greg Taylor
GT Investor Relations Inc.
C: 416 605-5120

Denis Taschuk
Chairman – Tyhee Gold

Forward-Looking Statements

This news release contains "forward-looking information" under Canadian securities law. Any information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words such as "expect", "anticipate", "believe", "plans", "estimate", "scheduling", “projected” or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information relates to, among other things: the price of silver and gold; the accuracy of mineral resource and mineral reserve estimates; the ability of the Company to finance its operations and capital expenditures; future financial and operating performance including estimates of the Company's revenues and capital expenditures and estimated production.


Forward looking statements made in this news release include all statements related to: the Company's intention to establish a special purpose vehicle; the Company's ability to implement  the Company's corporate strategy; the anticipated closing of the Transaction; the anticipated restructuring of the Lincoln Mine operations, the plan to start and expand production from the Lincoln Mine; the planned cash injection into Sutter; potential for additional acquisitions by the Company; becoming the next generation of multi project gold mining company; the heightened recognition of the Company resulting from the Transaction; the potential benefits of the Transaction to shareholders of the Company and Sutter, including improved financial standing, liquidity, access to capital and near-term production potential; and the continued progress of the Company's Yellowknife Gold Project.

Factors that could cause future events to differ from those anticipated in forward looking statements include: inability to identify merger or acquisition opportunities, or once identified, negotiate a transaction on terms acceptable to Tyhee; inability to meet the conditions provided for in the Implementation Agreement, including obtaining sufficient funding for the acquisition and the proposed cash injection; delays in obtaining approvals for acquisition or merger activity, including final approval of the TSX Venture Exchange and securities regulatory authorities; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; fluctuations in foreign exchange rates and interest rates;  inability to achieve operational efficiencies on any acquired property sufficient to overcome the costs of acquisition or merger; discrepancies between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of any acquisition or merger, including but not restricted to construction, expansion or enhancement of new or existing operations; the success of exploration and permitting activities; parts, equipment, labor or power shortages or other increases in costs; mining accidents, labour disputes or other adverse events; changes in applicable laws or regulations; that there are no material variations in the current tax and regulatory environment or the tax positions taken by the Company; that the regulatory and political environment within any country where any such targeted entity or project may be located will support the development of environmentally safe mining projects, and any other factors that may cause Tyhee's actual results, performance or achievements to be materially different from those expressed or implied by such information.  In addition to the above, the factors described or referred to under the headings "Financial Risks and Uncertainties" and "Operational Risks and Uncertainties" in Tyhee's Management Discussion and Analysis for the six months ended February 28, 2014, which is available on the SEDAR website at, should be reviewed in conjunction with the information found in this news release.

Although Tyhee has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, any proposed transaction could be modified, restricted or not completed, and the results or events predicted in these forward looking statements may differ materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking information.

The forward-looking information in this news release is made as of the date of this news release, and Tyhee disclaims any intention or obligation to update or revise such information, except as required by applicable law. This news release does not constitute an offer to buy any securities or a solicitation of any vote or approval or a solicitation of an offer to sell any securities.

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.

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