Tagish Extends High Grade Values in the Rainbow Two and Berg Drifts



    (TSX.V: TLG)

    RICHMOND, BC, Oct. 23 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)
is pleased to announce results of sampling of the drift excavation from the
Rainbow Two, Rainbow Three and Berg zones. These chip samples were taken
across the entire face of the drift. The adjusted width shows the average of
the results over the width of the zone, adjusted to a minimum width of 1.50 m.

    
    -------------------------------------------------------------------------
                                                           ADJ.
    LOCATION           FROM     TO  WIDTH     Au     Ag  WIDTH     Au     Ag
    -------------------------------------------------------------------------
                         (m)    (m)    (m)  (g/t)  (g/t)    (m)  (g/t)  (g/t)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Rainbow Two
    Start (0)
    0 + 134.6 m        0.00   0.83   0.83   2.20   46.2
                       0.83   1.04   0.21  17.60  158.0
                       1.04   1.84   0.80   4.20   40.2   1.50   5.90   69.2

    0 + 140.5 m        0.53   0.91   0.38  67.00  494.0
                       0.91   1.60   0.69   0.04    0.0
                       1.60   2.30   0.70  12.40   90.1   1.77  19.20   40.7

    0 + 142.2 m        0.90   1.26   0.36  49.00  316.0
                       1.26   2.09   0.83   0.04    0.0
                       2.09   2.56   0.47  12.20  150.0
                       2.56   3.05   0.49  36.00  208.0   2.15  19.10  133.1

    Berg
    Start (0)
    0 + 43.0 m         0.80   1.50   0.70   5.10   35.6
                       1.50   1.70   0.20   3.40  154.0
                       1.70   2.60   0.90   3.20  202.0   1.80   3.96  141.7

    Rainbow Three
    Start (0)
    0 + 48.0 m         0.00   0.64   0.64   0.30    0.0
                       0.64   0.90   0.26  25.70  254.0   1.50   4.50   44.0

    0 + 51.5 m         0.00   0.92   0.92   0.45    0.0
                       0.92   1.18   0.26  28.80  172.0   1.55   5.27   29.8

    0+ 55.2 m          0.35   0.83   0.48  10.80  118.0
                       0.83   1.80   0.97   0.19   29.5   1.50   3.60   56.8
    -------------------------------------------------------------------------
    

    Robert Rodger, P.Eng., President of the Company, stated: "In addition to
continued confirmation of the results from the Rainbow Two zone and the Berg
zone, the Rainbow Three zone demonstrates good gold and silver values over a
significant length.
    The underground work program is under the supervision of Robert Rodger,
P.Eng., the President of the Company, a qualified person under NI 43-101.
Sampling and assaying procedures are subject to a rigorous QA/QC program,
which includes insertion of standards and blanks for each batch of samples.
All samples were delivered in sealed packages to Eco-Tech Laboratories in
Whitehorse, YT for preparation and shipped by Eco-Tech to their laboratory in
Kamloops, BC for analyses. Samples that return values greater than 900 ppb
Gold (Au) by ICP were fire assayed for gold.

    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 km(2) 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 and the
Mt. Skukum gold deposit.

    Should you wish to receive Company news via email, please email
investor@tagishgold.com and specify "TLG News" in the subject line.

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




For further information:

For further information: Tagish Lake Gold Corp.: Robert (Bob) Rodger,
President, Lindsay Malcolm, Investor Relations, (604) 273-6447, Fax: (604)
273-6488, 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

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