MR. MICHAEL SONNENREICH NAMED TO THE BOARD OF DIRECTORS OF TYHEE DEVELOPMENT CORP
VANCOUVER, British Columbia (Tuesday November 2, 2010) - Tyhee Development Corp. (TSX Venture, TDC) (the “Company”) is pleased to announce the appointment of Mr. Michael Sonnenreich to the board of directors, effective immediately.
Mr. Sonnenreich is a graduate of the University of Wisconsin, the University of Madrid, Spain, and Harvard University Law School. He is currently Chairman and CEO of Kikaku America International, Chairman and CEO of Williams Creek Explorations, Vice Chairman of PharMa International Corporation, a Director of Wi2Wi, and Amorfix Life Sciences Ltd. Michael is a past Board member and Trustee of other companies and universities, such as Les Aliments SoYummi, Inc., ABD American Capital Market Funds, the Integra Fund, Continental Steel Inc., Scientific American, Medical Tribune International. He also has long-term involvements with many nonprofit institutions such as the Washington National Opera (President 1996-98; 2002-2006), D.C. Jazz Festival (Chairman, 2010-present), Sackler/Freer Galleries of Art (Smithsonian Institution), D.C. Commission on the Arts and Humanities (Mayoral Appointment as Commissioner, 2008-present), the New England Conservatory of Music, the North Carolina Museum of Art Foundation, the University of Virginia Art Museum, Clark University, the Maret School, the Richard Tucker Music Foundation, and served as President of the National Coordinating Council on Drug Education. He is a member of the Board of Advisors of Johns Hopkins University School of Advanced International Studies and a member of the Board of Overseers of Tufts University Medical School. Michael previously served in government in the Department of Justice and was appointed Executive Director of the National Commission on Marijuana and Drug Abuse and in 2008, he was named Distinguished Washingtonian by the University Club of Washington, D.C..
Denis Taschuk, Tyhee’s Chairman of the Board reports, “We are pleased to have a man of Michael’s calibre on the team. His experience in law, finance and in corporate governance will assist the board and management of Tyhee to move its wholly-owned gold project forward towards production.”
Tyhee Development Corp. is a gold exploration and development company working in the historic Yellowknife Gold Camp, NWT, Canada. A recent Preliminary Feasibility Study (July 2010) has demonstrated the economic viability of the Yellowknife Gold Project and work is currently underway expanding the existing resource and testing new gold zones discovered this past fall. Tyhee is the largest property holder in this camp and has the largest exploration and development program underway in the region. Its principal asset is the Yellowknife Gold Project which includes the Nicholas Lake, Ormsby, Bruce, Goodwin Lake, and Clan Lake Gold Zones. All are located on mineral claims and mining leases 50 to 90 km north of Yellowknife, NWT.
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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, construction or development projects and studies, to delay permit applications or delay the delivery of the feasibility study include factors such as 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, 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 forwardlooking 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.