Tyhee announces additional diamond drillhole results from Clan Lake, Yellowknife Gold Belt, NWT, Canada



    TSX Venture: TDC

    VANCOUVER, Oct. 17 /CNW/ - Tyhee Development Corp. (TSX-V: TDC) today
announced the results of gold assays from diamond drilling at Clan Lake,
Yellowknife Gold Belt, NWT, Canada.

    
    Highlighted intersections from the recent program:

    -   Drillhole CL129: 18.8 metres (m) of 3.9 grams of gold per
                         tonne (gpt) gold including 3.8 m of 18.4 gpt gold
    -   Drillhole CL130: 6.8 m of 4.1 gpt gold
    -   Drillhole CL132: 27.0 m of 1.5 gpt gold including 4.5 m of 7.1 gpt
                         gold
    

    "These results continue to expand the boundary of the Main Zone beyond
its previously recognized limit," said Dave Webb, President and CEO of Tyhee
Development Corp. "Additional subparallel gold zones have also been identified
outside of the Main Zone, both to the east and west, suggesting the potential
for further expansion of Clan Lake's Main Zone."
    The Main Zone has now been diamond drilled over a 400 m strike length
(open) and in places to a depth of 300 m (open). While additional drilling
will be required to confirm the continuity of the main zone, initial results
appear to identify one or more gold-bearing zones cumulatively ranging up to
more than 80 m in width in places within a domain that is up to 100 m wide.
    Maps that show the drillhole locations can be found at www.tyhee.com
    Tyhee's 2008 drill program has been completed under budget and ahead of
schedule. All diamond drills are currently shut down and the contract
geologists have been released. The remaining cores from ten previously
completed drill holes continue to be logged, sampled, and assayed. Once this
is completed (approximately 8 to 10 weeks) Tyhee will review the results and
consider follow-up work. Goodwin Lake also has drill results pending and data
from the BigSky Property is currently being compiled with surface sampling
results pending.
    A revised resource estimate on the Ormsby and Bruce Lake Zones is nearing
completion, and is expected to be released prior to month end.
    Tyhee's operations continue to be well funded for the foreseeable future.

    About Tyhee Development Corp.

    Tyhee Development Corp. is a gold exploration and development company
currently focused on the historic Yellowknife Gold Camp, NWT, Canada. It is
the largest property holder in the historic camp, and has the largest
exploration and development program underway in the region. 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.
    Tyhee completed fire assays on drill core samples using 30 gram aliquots
with ICP-ES finish for gold analyses, prepared at Acme Analytical Laboratories
Ltd. in Yellowknife, and finished at Acme Analytical Laboratories Ltd in
Vancouver. A semi-quantitative multi-element analysis is run on 0.5 gm aliquot
samples leached in a hot aqua regia solution and measured using ICP-ES
techniques. Tyhee conducts a rigorous QA/QC program of inserting blanks and
duplicates in the field and standards in the laboratory. The laboratory also
conducted their own independent QA/QC program including inserting their own
standards and rerunning samples from pulped material and reject material.
These results were provided to Tyhee. All standards, duplicates, blanks and
check assays returned acceptable results. Mr. Val Pratico, P.Geol., the
designated QP within the meaning of NI 43-101, has reviewed this release and
approves of its content.

    
    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.

    Table 1. Recent gold assay results from Clan Lake
    -------------------------------------------------------------------------
    Drillhole                 From            To      Interval         Grade
    -------------------------------------------------------------------------
                           (metres)      (metres)      (metres)     gpt gold
    -------------------------------------------------------------------------
    CL127                    150.6         152.0           1.4          1.42
    -------------------------------------------------------------------------
    CL128                    104.4         106.0           1.6          4.50
    -------------------------------------------------------------------------
      and                    136.0         137.5           1.5          3.97
    -------------------------------------------------------------------------
    CL129                    151.0         169.8          18.8          3.91
    -------------------------------------------------------------------------
     Incl                    166.0         169.8           3.8         18.43
    -------------------------------------------------------------------------
    CL130                    165.0         166.3           1.3          2.14
    -------------------------------------------------------------------------
      and                    172.0         173.6           1.6          1.89
    -------------------------------------------------------------------------
      and                    183.5         185.0           1.5          3.53
    -------------------------------------------------------------------------
      and                    205.0         231.0          26.0          0.66
    -------------------------------------------------------------------------
     incl                    225.5         228.0           2.5          2.07
    -------------------------------------------------------------------------
      and                    254.0         255.0           1.0          4.13
    -------------------------------------------------------------------------
      and                    262.0         275.3          13.3          1.17
    -------------------------------------------------------------------------
     incl                    272.5         275.3           2.8          3.16
    -------------------------------------------------------------------------
      and                    285.6         291.0           5.4          1.63
    -------------------------------------------------------------------------
      and                    316.2         323.0           6.8          4.06
    -------------------------------------------------------------------------
      and                    334.5         337.2           2.6          1.88
    -------------------------------------------------------------------------
      and                    341.4         342.9           1.5          2.75
    -------------------------------------------------------------------------
    CL131                      2.0          17.5          15.5          0.55
    -------------------------------------------------------------------------
     incl                      6.5           8.0           1.5          2.52
    -------------------------------------------------------------------------
      and                     52.2          80.0          27.9          0.54
    -------------------------------------------------------------------------
     incl                     53.5          55.0           1.5          1.49
    -------------------------------------------------------------------------
      and                     68.0          69.5           1.5          1.82
    -------------------------------------------------------------------------
      and                     77.0          80.0           3.0          2.22
    -------------------------------------------------------------------------
    CL132                      6.5          75.0          68.5          0.39
    -------------------------------------------------------------------------
     incl                     17.0          18.0           1.0          5.03
    -------------------------------------------------------------------------
      and                     93.5         120.5          27.0          1.50
    -------------------------------------------------------------------------
     incl                     93.5          98.0           4.5          7.12
    -------------------------------------------------------------------------
      and                    283.5         288.5           5.0          3.77
    -------------------------------------------------------------------------
    CL133                    234.5         236.0           1.5          1.16
    -------------------------------------------------------------------------
      and                    286.0         297.4          11.4          1.38
    -------------------------------------------------------------------------
     incl                    286.0         287.5           1.5          3.02
    -------------------------------------------------------------------------
     incl                    292.0         293.6           1.6          4.27
    -------------------------------------------------------------------------
      and                    346.0         347.0           1.0          1.52
    -------------------------------------------------------------------------
      and                    358.0         372.0          14.0          1.19
    -------------------------------------------------------------------------
     incl                    360.0         363.0           3.0          2.03
    -------------------------------------------------------------------------
    True widths are not known at this time.
    




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) 536-5903,
tmcmillan@equicomgroup.com

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