Mr. Marc Carrier reports

GOLDEN TAG COMPLETES $900,000 FINANCING, INKS DEFINITIVE SAN DIEGO PURCHASE AGREEMENT

Golden Tag Resources Ltd. has completed its previously announced financing, raising $900,000 through the issuance of 18 million units at an offering price of five cents per unit. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share of the company for a period of five years at a price of seven cents per warrant share if exercised in the first year and 12 cents per warrant share if exercised in years two through five. Insiders of the company purchased a total of three million units for total gross proceeds of $150,000, of which $90,000 was subject to shareholder approval, which was received at the annual meeting held on June 27, 2016.

All securities issued in connection with the private placement are subject to a four-month hold period expiring on Nov. 28, 2016. A registered dealer received referral fees of $35,200 and 880,000 two-year finder warrants exercisable into units at the offering price.

Of the proceeds raised, $500,000 will be used to purchase the remaining 50-per-cent interest in the San Diego silver project in Mexico, as announced on April 12, 2016, and the remaining funds will be used for general working capital. Effective July 29, the formal agreements to purchase the remaining 50-per-cent interest in the San Diego silver project have been agreed and signed in part, and they are expected to be notarized and registered next week.

We seek Safe Harbor.