Replies to post #9 on NWT Mineral Exploration

[Ed Monton]

Tyhee Development commences 2004 Yellowknife program

TDC

2004-01-28 08:42 ET - News Release

Mr. Dave Webb reports

TYHEE DEVELOPMENT CORP. COMMENCES 2004 EXPLORATION AND DEVELOPMENT PROGRAM ON YELLOWKNIFE GOLD PROPERTIES

Tyhee Development has commenced its 2004 exploration and development program on its wholly owned Yellowknife gold properties.

"Two separate and extremely important initiatives have commenced today," said Tyhee president David Webb. "First, we move one step closer to underground development at the Discovery mine, where we have already outlined a significant portion of our measured and indicated resource of more than 470,000 ounces of gold. Second, a major 10,000-metre drill program will soon be under way once the winter road is constructed."

Specifically, Mr. Webb said the company has initiated the following:

1. The awarding of the underground development program contemplated in its scoping study to Camlaren Mine Development -- the contract is subject to signing a final agreement satisfactory to both parties. The underground phase of work will commence with the installation of a 640-metre-long decline, and subdrifts, and raises allowing access to six of the mineralized structures. Tyhee plans to demonstrate the continuity of these zones at depth, complete approximately 6,000 metres of underground diamond drilling and provide additional material for engineering studies.

2. The awarding of the winter road construction and maintenance contract to KeTe Whii Limited -- a larger camp, fuel and diamond drill supplies will moved onto the Discovery mine once the winter road is ready, to enable the company to complete a minimum 10,000-metre diamond drill program. A diamond drill is currently on the property.

The surface diamond drill program is fully financed and is targeting expansion of the existing resource that is currently open in all directions. Additionally, surface crews will commence a program of mapping and prospecting using newly developed exploration models that have been developed over the past several years by Tyhee, government and university researchers.

The scoping study determined that the company's properties could profitably support an underground mine complex feeding a surface plant producing approximately 62,000 ounces of gold per year at a cash cost of just over $200 (U.S.) per ounce. This prefeasibility work will be used to define the parameters of a full feasibility study.

WARNING: The company relies upon litigation protection for "forward-looking" statements.