Tyhee Releases Social Responsibility Statement Regarding the Development of the Yellowknife Gold Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/25/12 -- Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company"), on behalf of Tyhee NWT Corp (a wholly owned subsidiary of Tyhee Gold Corp.), is pleased to announce that it has released its "Social Responsibility Statement" related to the development of the Yellowknife Gold Project. In issuing this statement, the Company has confirmed its commitment to acting in an open and socially responsible manner in all its activities.
From initial planning to project completion, Tyhee is fully committed to conducting business in a manner that is beneficial to society in general and, in particular, addresses the very important considerations of the indigenous people within whose area the Company operates.
Hugh Wilson, Vice President, Environment and Community Affairs for Tyhee NWT Corp stated, "Tyhee has already established good working relationships within the region and will continue to build and strengthen those relationships. As the Yellowknife Gold Project has progressed, we have reached a stage at which it was appropriate to formalize our commitment to social responsibility. This document not only reflects our values, but it also provides clear guidance for all of Tyhee's management, employees and contractors as we continue to move the Yellowknife Gold Project forward."
A copy of Tyhee's "Social Responsibility Statement" will be available shortly on the Company's website: www.tyhee.com.
About Tyhee: Tyhee Gold Corp. is focused on rapidly developing its Yellowknife Gold Project, an advanced stage wholly-owned gold project currently in the final stages of a Feasibility Study as well as the Developer's Assessment Review, which is the environmental assessment process. The Feasibility Study, overseen by Brian Briggs, P. Eng., with SRK Consulting as the lead consultant, is on schedule for mid-year completion and is expected to improve upon project fundamentals derived in the Pre-Feasibility Study completed in July 2010. Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC". For additional information, please visit the Company's website, www.tyhee.com or www.sedar.com.
This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements relating to the completion of the feasibility study, permitting and stated goal of constructing and operating the Yellowknife Gold Mine. 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 complete the feasibility study, or not to proceed with or complete construction or development projects and studies, to delay permit applications, or delay the delivery of the feasibility study include factors such as insufficient financing, analysis of the exploration results may lead to a determination that further exploration or development is not warranted, additional information requirements necessary to complete permit applications and the feasibility study may be delayed by weather and other constraints, 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 above-noted options may or may not be exercised. 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.
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.
Contacts:
GT Investor Relations Inc.
Greg Taylor
O: 905 337-7673 or C: 416 605-5120
gtaylor@tyhee.com
Envoy Strategic Partners
Jay Bedard
416 977-7778
jay@envoystrategicpartners.com
Tyhee Gold Corp.
Brian Briggs
President
604 681-2877
info@tyhee.com
www.tyhee.com