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File: Tyhee - RMB debt extended once more FNL.docx



NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES.
July 31, 2014
 For immediate release
 
 Release: Series 16 Release 11
 TSX Venture: TDC
 
 
Tyhee Gold: RMB Further Extends Maturity Date of Loan to August 13, 2015
Capital Raising Efforts Continuing

VANCOUVER, British Columbia (July 31, 2015) - Tyhee Gold Corp. (TSX Venture Exchange: TDC) (the "Company" or "Tyhee") 
--->announces that the Maturity Date of the previously announced Note Purchase Agreement ('the Agreement") with RMB Austra
--->lia Holdings Limited ("RMB Australia") (see Tyhee news release dated July 22, 2015) has been further extended from Jul
--->y 28 to August 13, 2015. Under the terms of the Agreement, RMB Australia provided the Company with a US$5 million loan
---> (the "RMB Note"), which bears interest at 2% per month. This further extension has been made primarily in order to fa
--->cilitate Tyhee's plans to raise the capital to repay the RMB Note.
As previously noted, Tyhee also remains very interested in acquiring RMB Australia's investments in Sutter Gold Mining
---> Inc. (SGM:TSXV) (SGMNF:OTCQX) ("Sutter") and is continuing its discussion with RMB regarding such a potential transac
--->tion.
Meanwhile, Tyhee continues to be actively engaged with a variety of large international investment groups, which have 
--->expressed an interest in providing the capital required to conclude the transaction. 
For further information please contact:
Brian Briggs President - Tyhee Gold O: 604 681-2877 info@tyhee.com 
 Greg Taylor Investor Relations - Tyhee Gold  O: 905 337-7673 C: 416 605-5120 gtaylor@tyhee.com
 
 Forward-Looking Statements
This news release contains "forward-looking information" under Canadian securities law. Any information that express o
--->r involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions 
--->or future events or performance (often, but not always, using words such as "expect", "anticipate", "believe", "plans"
--->, "estimate", "scheduling", "projected" or variations thereof or stating that certain actions, events or results "may"
--->, "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and simila
--->r expressions) are not statements of historical fact and may be forward-looking information. Forward-looking informati
--->on relates to, among other things: the price of silver and gold; the accuracy of mineral resource and mineral reserve 
--->estimates; the ability of the Company to finance its operations and capital expenditures; future financial and operati
--->ng performance including estimates of the Company's revenues and capital expenditures and estimated production. 

Forward looking statements made in this news release include all statements related to: the Company's intention to est
--->ablish a special purpose vehicle; the Company's ability to implement  the Company's corporate strategy; the anticipate
--->d closing of the Transaction; the anticipated restructuring of the Lincoln Mine operations, the plan to start and expa
--->nd production from the Lincoln Mine; the planned cash injection into Sutter; potential for additional acquisitions by 
--->the Company; becoming the next generation of multi project gold mining company; the heightened recognition of the Comp
--->any resulting from the Transaction; the potential benefits of the Transaction to shareholders of the Company and Sutte
--->r, including improved financial standing, liquidity, access to capital and near-term production potential; and the con
--->tinued progress of the Company's Yellowknife Gold Project. 
Factors that could cause future events to differ from those anticipated in forward looking statements include: inabili
--->ty to identify merger or acquisition opportunities, or once identified, negotiate a transaction on terms acceptable to
---> Tyhee; inability to meet the conditions provided for in the Implementation Agreement, including obtaining sufficient 
--->funding for the acquisition and the proposed cash injection; delays in obtaining approvals for acquisition or merger a
--->ctivity, including final approval of the TSX Venture Exchange and securities regulatory authorities; litigation, legis
--->lative, environmental and other judicial, regulatory, political and competitive developments; fluctuations in foreign 
--->exchange rates and interest rates;  inability to achieve operational efficiencies on any acquired property sufficient 
--->to overcome the costs of acquisition or merger; discrepancies between actual and estimated reserves and resources or b
--->etween actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs
---> and timing of any acquisition or merger, including but not restricted to construction, expansion or enhancement of ne
--->w or existing operations; the success of exploration and permitting activities; parts, equipment, labor or power short
--->ages or other increases in costs; mining accidents, labour disputes or other adverse events; changes in applicable law
--->s or regulations; that there are no material variations in the current tax and regulatory environment or the tax posit
--->ions taken by the Company; that the regulatory and political environment within any country where any such targeted en
--->tity or project may be located will support the development of environmentally safe mining projects, and any other fac
--->tors that may cause Tyhee's actual results, performance or achievements to be materially different from those expresse
--->d or implied by such information.  In addition to the above, the factors described or referred to under the headings "
--->Financial Risks and Uncertainties" and "Operational Risks and Uncertainties" in Tyhee's Management Discussion and Anal
--->ysis for the six months ended February 28, 2014, which is available on the SEDAR website at www.sedar.com, should be r
--->eviewed in conjunction with the information found in this news release. 
Although Tyhee has attempted to identify important factors that could cause actual results, performance or achievement
--->s to differ materially from those contained in forward-looking information, there can be other factors that cause resu
--->lts, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such 
--->information will prove to be accurate or that management's expectations or estimates of future developments, circumsta
--->nces or results will materialize. As a result of these risks and uncertainties, any proposed transaction could be modi
--->fied, restricted or not completed, and the results or events predicted in these forward looking statements may differ 
--->materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking info
--->rmation. 
The forward-looking information in this news release is made as of the date of this news release, and Tyhee disclaims 
--->any intention or obligation to update or revise such information, except as required by applicable law. This news rele
--->ase does not constitute an offer to buy any securities or a solicitation of any vote or approval or a solicitation of 
--->an offer to sell any securities.
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.