TSX Venture: TDC
VANCOUVER, Dec. 14 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC)
(the "Company") today announced that it has granted incentive stock options to
certain directors and employees of the Company to purchase up to
3,276,000 common shares in the capital stock of the Company pursuant to a
shareholder approved Incentive Stock Option Plan. The options are exercisable
on or before December 13, 2011 at a price of $0.0.58 per share.
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). Additional exploration
properties within the Yellowknife Gold Belt, including the Goodwin Lake, Clan
Lake, and BigSky Properties have been acquired. Preliminary exploration has
confirmed potentially economic gold mineralization on these exploration
properties, and initial diamond drilling has commenced or is planned on these
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), email@example.com; The
Equicom Group Inc., Michael Joyner, Tel: (416) 815-0700 ext 275,