Santa Fe Gold Terminates Proposed Agreement And Plan To Merge With Tyhee

21 March 2014

VANCOUVER, British Columbia (March 21, 2014) – Tyhee Gold Corp. (TSX Venture: TDC) (the “Company” or “Tyhee”) announces that Santa Fe Gold Corporation (OTCQB: SFEG) (“Santa Fe”) has terminated the previously announced proposed agreement and plan of merger dated January 23, 2014. Under the terms of that agreement and subject to certain conditions, Tyhee, acting through a newly-incorporated Delaware subsidiary corporation, was to have acquired 100% of the issued and outstanding securities, including dilutive securities, of Santa Fe in exchange for securities of Tyhee. According to Santa Fe, the proposed agreement was terminated because Tyhee had failed to “consummate a qualified financing of at least $20 million on or before March 15, 2014” under the terms of the agreement.