Tagish undertakes non-brokered private placement of $500,000


    RICHMOND, BC, Dec. 11 /CNW Telbec/ - Tagish Lake Gold Corp., (TSX-V: TLG)
("Tagish" or "the Company") announces that it is undertaking a non-brokered
$500,000 private placement offering of share units (the "Units") at a
subscription price of C$0.13 per Unit. Each Unit consists of one common share
in the capital of the Company and one-half of one non-transferable common
share purchase warrant, each whole warrant entitling the holder to acquire one
additional common share at a price of C$0.21 per share for eighteen (18)
months from the date of issuance.
    The funds will be used for general corporate expenses, while the Company
undertakes the drilling program at Skukum Creek.
    Completion of this proposed private placement will be subject to the
negotiation, execution and delivery of definitive subscription agreements, TSX
Venture Exchange acceptance of the proposed subscribers and documentation
related to the offering. Any securities to be issued with will be subject to a
hold period of four months from the closing date in accordance with the rules
and policies of the TSX Venture Exchange and applicable Canadian securities
    In connection with the offering the Company has agreed with certain
eligible registrants to pay a finders' fee in cash of 7% of the proceeds
raised from participating subscribers introduced to the Company by such
registrants and grant finders' warrants on terms similar to those included in
the share units equal to 7% of the Units subscribed by such subscribers.

    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, and has a currently
defined measured plus indicated resource of 1,420,000 tonnes grading 6.8 g/t
Au and 131 g/t Ag (MineTech International Ltd., 2007 Update), and the
Mt. Skukum gold deposit.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
of the Company have not been 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.

For further information:

For further information: visit the Company's website at
www.tagishgold.com, or: Tagish Lake Gold Corp.: Robert Rodger, P.Eng.,
President; Lindsay Malcolm, Investor Relations, lmalcolm@tagishgold.com, (604)
273-6477, 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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