VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2008) - Tyhee Development Corp. (TSX VENTURE: TDC.V) (the "Company") has granted incentive stock options to certain directors and employees of the Company to purchase 1,688,000 common shares of the Company. The options are exercisable on or before July 21, 2013 at a price of $0.38 per share.
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. Three additional gold properties have been acquired within the Yellowknife Gold Belt and further acquisitions are being considered. Exploration on these properties is focused on three different deposit types, including large-tonnage breccia-hosted (Ormsby-style), large tonnage granite-hosted, and high-grade shear zone-hosted (Con/Giant-style) gold deposits. Results from all properties have been positive with the Company's current exploration focus directed to the Clan Lake and Goodwin Lake properties. 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. 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.ContactsDavid WebbTyhee Development Corp.
President and CEO
(604) 681-2877 or Toll Free: 1-866-681-2877
Email: info@tyhee.com
Website: www.tyhee.com
