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May 4, 2015

For immediate release

Release: Series 16 Release 3

TSX Venture: TDC

 TYHEE PROVIDES AUDIT STATUS PROGRESS

VANCOUVER, British Columbia – Tyhee Gold Corp Ltd. (TSX-V: TDC) (“Tyhee” or the “Corporation”) is providing this Default Status Report (the “Report”) in accordance with National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”). On March 25, 2015, the Corporation announced (the “Default Notice”) that it expected a delay in filing its 2014 annual audited financial statements, management’s discussion and analysis and CEO and CFO certificates (collectively, the “2014 Annual Audited Financial Statements”).

This Report confirms that Tyhee is continuing to secure funds for work on the audit of the Corporation’s 2014 Annual Audited Financial Statements, and the Corporation still anticipates that there is adequate time for the auditors to complete the audit and for these statements to be filed on or before May 30, 2015. In addition, the Corporation is completing its Interim Financial Statements and MD&A for the three months ended February 28, 2015 and anticipates filing these documents after filing the 2014 Annual Audited Financial Statements.

Until the 2014 Annual Audited Financial Statements are filed, Tyhee will continue to satisfy the requirements of Section 4.4 of National Policy 12-203 - Alternative Information Guidelines (“AIG”) by issuing a bi-weekly report in the form of a news release.

Pursuant to the requirements of AIG and subsequent to the Corporation’s news release of March 25, 2015, the Corporation reports that it has borrowed a total US$250,000 at 18% per annum for six months period from four unrelated parties for general working capital needs of the Corporation. Aside from the foregoing, there are no material changes to the information provided therein.

The Corporation has been late in filing the bi-weekly report in form of a news release in fulfilling its stated intentions with respect to satisfying the AIG. There has not been any other specified default by the Corporation under NP 12-203, nor are any defaults anticipated. There is no other material information concerning the affairs of the Corporation that has not been generally disclosed.


For further information please contact:

Greg Taylor
GT Investor Relations Inc.
O: 905 337-7673
C: 416 605-5120
gtaylor@tyhee.com

Brian Briggs
President – Tyhee Gold
T: 604 681-2877
info@tyhee.com


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