24 January 2014
Company to be Called Tyhee Gold
VANCOUVER, British Columbia (January 23, 2014) – Tyhee Gold Corp. (TSX Venture: TDC) (the “Company” or “Tyhee”) is pleased to report that it has entered into an agreement (the “Merger Agreement”) with Santa Fe Gold Corporation (“Santa Fe”) whereby, subject to certain conditions, Tyhee, acting through a newly-incoporated Delaware subsidiary corporation, will acquire 100% of the issued and outstanding securities, including dilutive securities, of Santa Fe in exchange for securities of Tyhee (the “Transaction”). Santa Fe (OTCQB: SFEG) currently holds a number of precious metals properties in New Mexico, USA, including the Summit gold mine, which began commercial production in 2012 before mining activities were suspended in November 2013, primarily due to operational challenges brought on by capital constraints.
Trading of Tyhee shares, which was halted at the request of the Company on January 17th, is expected to resume shortly following this announcement. The unusual length of this halt has been due primarily to a number of regulatory and financial complexities related to the Transaction, which have now been resolved.