NWT Mineral Exploration

[Ed Monton]

Tyhee Development grants 450,000 stock options

TDC

2004-02-06 09:12 ET - News Release

Mr. Dave Webb reports

TYHEE DEVELOPMENT CORP. ANNOUNCES GRANTING OF OPTIONS

Subject to TSX Venture Exchange approval, Tyhee Development has granted 150,000 new options to a director at a price of 50 cents per share. In addition, 300,000 new options have been granted to Cavalcanti Hume Funfer (CHF) for investor relations services, 150,000 at a price of 50 cents per share and 150,000 at 75 cents per share. All options have an expiry date of Feb. 6, 2009, and a four-month hold period expiring June 6, 2004. The options granted to CHF are subject to a 12-month vesting period according to TSX Venture Exchange policy.

The options have been granted in accordance with the company's stock option plan whereby a maximum of 10 per cent of the issued shares are reserved for issuance. The plan was approved by the company's shareholders at the annual general meeting held on May 8, 2003. TSX Venture Exchange approval of the plan was received on May 22, 2003.