TYHEE GOLD CORP ANNOUNCES THE APPROVAL OF ALL RESOLUTIONS AT ITS AGM AND THE APPOINTMENT OF HANS BLACK TO THE BOARD OF DIRECTORS
VANCOUVER, May 17 /CNW/ --
TSX Venture: TDC
VANCOUVER, May 17 /CNW/ - Tyhee Gold Corp. (TSXV:TDC) (the 'Company'), a
late stage development company, is pleased to announce that all
resolutions proposed by management have been approved at its annual and
special meeting held May 12, 2011. Dr. Hans Black agreed to join our
board of directors and Mr. William (Bill) Burton retired from our board
of directors, effective as of May 12, 2011.
Dr. Black is a native of Europe and received his Bachelor of Science
degree, magna cum laude, from Union College in New York, where he was
elected a Phi Beta Kappa scholar. He studied law in France and
subsequently graduated from McGill University in Montreal with a
Doctorate in Medicine. In the mid 1970's, Dr. Black organized
Interinvest in Montreal as a global money management firm affiliated
with his family's investment business in Zurich. Today, Interinvest
manages accounts for private and institutional clients who are serviced
through offices in Boston and Montreal, and its affiliated offices in
Bermuda, London and Zurich. Dr. Black has been widely quoted,
appearing in publications such as Barron's, The International Herald
Tribune, The Financial Times, Euromoney and The Wall Street Transcript.
In addition, he appears frequently as a special guest on the PBS
Network show The Nightly Business Report. Dr. Black has been asked to
address numerous groups of professional and private investors around
the U.S. and Canada, including the National Association of Business
Economists. He has also been a guest lecturer at both Harvard and
McGill universities. Dr. Black is a member of the board of Wi2Wi Inc.,
a member of the board of Amorfix Life Sciences Ltd., a member of the
board of RPMH Global Macro Fund Ltd., a member of the board of the
Montreal Symphony Orchestra, a member of the advisory council of The
Paul H. Nitze School of Advanced International Studies of Johns Hopkins
University, and a member of the board of trustees of the Washington
National Opera. He is also a member of the board of governors of Les
amis de la Montagne, Montreal. In addition, he serves as chairman of
the board of the Quebec-based food company, Les Aliments Soyummi Inc.,
as well as chairman of the board of the McGill Chamber Orchestra.
Denis Taschuk, Chairman reports 'Tyhee Gold Corp welcomes Dr. Black to
the board and sees his skill sets in finance and corporate governance
contributing to the company as it transforms itself into a producing
gold company. At the same time we are sorry to see Bill Burton leave
the board. We understand that other business is taking a greater
amount of Bill's time, making it more difficult for him to find the
time to effectively provide guidance to Tyhee as we move towards
production.'
Additional drill results are pending from the Ormsby Zone, and Clan Lake
Main Zone, and should be available within one or two weeks.
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold
Project towards production with a defined resource of 2 million ounces
of gold in its Measured and Indicated categories and in part including
a Proven and Probable Reserve of over 800,000 ounces of gold. A
positive Preliminary Feasibility Study has been completed and
applications to construct and operate a 3,000 tonne per day mine and
mill complex have been submitted to regulatory authorities. Tyhee is
moving towards the final stages of this review process with the
submission of the environmental assessment study last week.
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.
This news release contains 'forward-looking statements' within the
meaning of applicable securities laws, including statements relating to
proposed or anticipated work programs and anticipated timing of permit
applications. Readers are cautioned not to place undue reliance on
forward-looking statements. Actual results and developments may differ
materially from those contemplated by these statements. Factors which
may lead the company to not proceed with anticipated work programs or
to delay permit applications include factors such as analysis of the
exploration results may lead to a determination that further
exploration is not warranted, insufficient funding, delays as a result
of early or late onset of winter conditions, availability of personnel
and equipment to conduct work programs, permit reviews, information
requests and other factors not within the Company's control. The
factors identified above are not intended to represent a complete list
of the factors that could affect the Company. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Company does not undertake to update forward-looking statements, except
where required by law. Readers should not place undue reliance on
forward-looking statements.
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Tyhee Gold Corp. David Webb, President and CEO Tel: 604-681-2877 info@tyhee.com | Envoy Strategic Partners Jay Bedard Tel: 416-977-7778 jay@envoystrategicpartners.com |