Tyhee announces $12.5 million private placement



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMENATION IN THE UNITED STATES/

    TSX Venture: TDC

    VANCOUVER, Nov. 9 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC) (the
"Company") has engaged Loewen, Ondaatje, McCutcheon Limited ("Loewen
Ondaatje") to conduct a brokered private placement to raise, on a best efforts
agency basis, up to $12.5 million through the issue of up to 10,000,000 common
shares which will be designated as flow through shares (the "Flow Through
Shares") for the purposes of the Income Tax Act (Canada), at a price of $0.75
per Flow Through Share, and up to 7,692,307 common shares at a price of $0.65
per share which will not be sold on a flow through basis (the "Common Shares"
and together with the Flow Through Shares, the "Shares"). Loewen Ondaatje has
been granted the right to over-allot the private placement by up to 10%
(1,769,230 Shares). Loewen Ondaatje will be paid a cash commission equal to 7%
of the proceeds of the sale of the Flow Through Shares and 6% of the proceeds
of the sale of the Common Shares. In addition, Loewen Ondaatjie will receive
warrants to purchase such number of common shares of the Company as is equal
to 4% of the number of Common Shares sold, exercisable for a period of 15
months following the closing at a price of $0.65 per share. Closing of the
private placement is scheduled to take place on or about December 4, 2007, and
is subject to the completion of subscription agreements with the investors and
the approval of the TSX Venture Exchange
    All securities issued in connection with the private placement will be
subject to a minimum four month hold period. The funds from the private
placements will be used for further exploration and development of the
Company's mineral projects, including the advanced-stage Yellowknife Gold
Project and other corporate purposes.

    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

    The Company's principal focus is the development of its Yellowknife Gold
Project. The Yellowknife Gold Project consists of 6,625 hectares (15,481
acres) of mining leases located 90 km (56 miles) north of Yellowknife. The
property hosts several areas of gold mineralization, including the partially
developed Nicholas Lake Gold Zone, the Ormsby Zone and the Bruce Lake Zone. A
1.2 million ounce measured and indicated gold resource plus a 353,000 ounces
inferred gold resource has been identified on the property as reported June
20, 2007 (News Release S.8 R.11). A full report will be available on SEDAR in
August 2007. Additional exploration properties within the Yellowknife Gold
Belt, including the Goodwin Lake, Clan Lake, and BigSky Properties have been
acquired.

    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., Michael Joyner, Tel: (416) 815-0700 ext 275,
mjoyner@equicomgroup.com

Organization Profile

Tyhee Gold Corp.

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