Clarification - Tyhee renews contract with Investor Resources LLC to advise management on capital market opportunities



    TSX Venture: TDC

    VANCOUVER, BC, Sept. 15 /CNW/ - Tyhee Development Corp. (TSX-V: TDC)
today announced it has entered into agreements with Investor Resources LLC and
The Basic Industries Group LLC to provide capital market exposure and increase
capital market awareness of Tyhee.
    Dr. Leanne Baker, managing director of Investor Resources LLC, and a
registered representative with U.S. broker-dealer Puplava Securities Inc., has
been consulting to the mining and financial services industries since January
2002. She was an equity research analyst (and later, managing director) at
Salomon Smith Barney from 1990 to 2001, where she helped build a research and
investment banking franchise in the metals and mining sectors. Dr. Baker is a
director of Agnico-Eagle Mines Ltd., US Gold Corporation, Reunion Gold
Corporation and Kimber Resources Inc. Dr. Baker has an M.S. and a Ph.D. in
mineral economics from the Colorado School of Mines.
    Kathleen Walton, a principal of The Basic Industries Group LLC has worked
in the financial markets for over 15 years. She was previously a Managing
Director for Soleil Securities and prior to that a director of Deutsche Bank
and UBS Investment Bank. Kathleen has an MBA from the University of Notre
Dame.
    Subject to TSX approval, Investor Resources LLC and The Basic Industries
Group LLC are contracted for one year term, renewable by mutual consent. They
each will be paid a US$600 per diem and allowable expenses on an ad hoc basis
payable upon receipt from general corporate funds. The total combined costs
associated with the activities being carried out by Investor Resources LLC and
The Basic Industries Group are expected to be less than $20,000 over the
course of the contracts. Additionally, Leanne Baker and Kathleen Walton will
each receive 75,000 options of Tyhee Development Corp., exercisable at $0.38
in accordance with TSX Policy and Tyhee's option plan to vest quarterly over
the following 12 months.

    About Tyhee Development Corp.

    Tyhee Development Corp. is a gold exploration and development company
currently focused on the historic Yellowknife Gold Camp, NWT, Canada. Its
principal asset is the advanced-stage Yellowknife Gold Project, which consists
of 6,625 hectares (15,481 acres) of mining leases located 90 km (56 miles)
north of Yellowknife, NWT, Canada. The property hosts several areas of gold
mineralization, including the partially developed Nicholas Lake Main Zone, the
Ormsby Zone and the West Zone. A recently completed Preliminary Assessment
confirms economic viability and recommends proceeding to Prefeasibility.
Additional gold properties have been acquired within the Yellowknife Gold Belt
and reviews of historical data are ongoing.

    NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
    RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
    ADEQUACY OR ACCURACY OF THIS RELEASE.

    Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC".
For additional information, please visit the Company's website,
www.tyhee.com .





For further information:

For further information: Tyhee Development Corp.: David Webb, President
and CEO, Tel: (604) 681-2877 (toll free 1-866-681-2877), info@tyhee.com; The
Equicom Group Inc.: Tom McMillan, Tel: (403) 538-4787,
TMcMillan@equicomgroup.com

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Tyhee Gold Corp.

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