Tagish closes private placements



    (TSX.V:TLG)

    RICHMOND, BC, March 1 /CNW Telbec/ - Tagish Lake Gold Corp., announces
that it has closed the previously announced non-brokered private placement of
units with Macquarie Bank Ltd. for gross proceeds of C$500,000. (See News
Release of November 20, 2006)
    All securities issued in this private placement will be subject to a hold
period expiring on June 28, 2007 in accordance with the rules and policies of
the TSX Venture Exchange and applicable Canadian securities laws and such
other further restrictions as may apply under foreign securities laws.
    In addition, the Company has closed the previously announced non-brokered
private placement of shares for gross proceeds of C$155,000 with one of its
directors. (See News Release of January 26, 2007)
    The securities issued in this private placement will be subject to a hold
period expiring on June 13, 2007 in accordance with the rules and policies of
the TSX Venture Exchange and applicable Canadian securities laws and such
other further restrictions as may apply under foreign securities laws.
    Proceeds from these offerings will be used for the Company's exploration
program at Skukum Creek and for working capital.

    About Tagish Lake Gold Corp.

    Tagish Lake Gold Corp. explores for and develops high grade gold-silver
mineral deposits in the Yukon Territory of Canada. The Company is currently
focused on its wholly owned, 178 km2 Skukum Mineral District located 80 km by
road south of Whitehorse. The Skukum Mineral District hosts the Skukum Creek
gold-silver deposit and the Goddell Gully gold deposit, with a currently
defined measured plus indicated resource of 1,120,000 tonnes grading
8.0 g/t Au and 153.1 g/t Ag (MineTech International Ltd., 2003), and the Mt.
Skukum gold deposit.

    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS NEWS RELEASE.

    This news release includes certain forward looking statements in respect
to various issues including upcoming events. These forward looking statements
are based upon current expectations which involve risks and uncertainties that
could cause actual outcomes and results to differ materially. Mineral
exploration is subject to a high degree of risk, which even a combination of
experience, knowledge, and careful evaluation may fail to overcome.
Exploration activities seldom result in the discovery of a commercially viable
mineral resource. Exploration activities are also expensive. The Company will
therefore require additional financing to carry on its business, and such
financing may not be available when it is needed. The Company disclaims any
obligation to revise any forward looking statements as a result of information
received after the fact or regarding future events.




For further information:

For further information: visit the Company's website at
www.tagishgold.com, or contact: Tagish Lake Gold Corp.: Robert (Bob) Rodger,
President, (604) 273-6477, Fax: (604) 248-2996, www.tagishgold.com; Renmark
Financial Communications Inc.: Barbara Komorowski:
bkomorowski@renmarkfinancial.com; John Boidman: jboidman@renmarkfinancial.com;
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com; Should you wish
to receive Company news via email, please email investor@tagishgold.com and
specify "TLG News" in the subject line

Organization Profile

TAGISH LAKE GOLD CORP.

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