Clarification - Tyhee renews contract with Investor Resources LLC to advise management on capital market opportunities

TSX Venture: TDC

VANCOUVER, BC, Sept. 15 /CNW/ - Tyhee Development Corp. (TSX-V: TDC.V) today announced it has entered into agreements with Investor Resources LLC and The Basic Industries Group LLC to provide capital market exposure and increase capital market awareness of Tyhee.

Dr. Leanne Baker, managing director of Investor Resources LLC, and a registered representative with U.S. broker-dealer Puplava Securities Inc., has been consulting to the mining and financial services industries since January 2002. She was an equity research analyst (and later, managing director) at Salomon Smith Barney from 1990 to 2001, where she helped build a research and investment banking franchise in the metals and mining sectors. Dr. Baker is a director of Agnico-Eagle Mines Ltd., US Gold Corporation, Reunion Gold Corporation and Kimber Resources Inc. Dr. Baker has an M.S. and a Ph.D. in mineral economics from the Colorado School of Mines.

Kathleen Walton, a principal of The Basic Industries Group LLC has worked in the financial markets for over 15 years. She was previously a Managing Director for Soleil Securities and prior to that a director of Deutsche Bank and UBS Investment Bank. Kathleen has an MBA from the University of Notre Dame.

Subject to TSX approval, Investor Resources LLC and The Basic Industries Group LLC are contracted for one year term, renewable by mutual consent. They each will be paid a US$600 per diem and allowable expenses on an ad hoc basis payable upon receipt from general corporate funds. The total combined costs associated with the activities being carried out by Investor Resources LLC and The Basic Industries Group are expected to be less than $20,000 over the course of the contracts. Additionally, Leanne Baker and Kathleen Walton will each receive 75,000 options of Tyhee Development Corp., exercisable at $0.38 in accordance with TSX Policy and Tyhee's option plan to vest quarterly over the following 12 months.

About Tyhee Development Corp.

Tyhee Development Corp. is a gold exploration and development company currently focused on the historic Yellowknife Gold Camp, NWT, Canada. 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. The property hosts several areas of gold mineralization, including the partially developed Nicholas Lake Main Zone, the Ormsby Zone and the West Zone. A recently completed Preliminary Assessment confirms economic viability and recommends proceeding to Prefeasibility. Additional gold properties have been acquired within the Yellowknife Gold Belt and reviews of historical data are ongoing.

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 .

Contacts

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) 538-4787
TMcMillan@equicomgroup.com