Tyhee Gold

RMB Further Extends Maturity Date of Loan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 3, 2014) - Tyhee Gold Corp. (TSX VENTURE:TDC) (the "Company" or "Tyhee") announces that the Maturity Date of the previously announced Note Purchase Agreement ('the Agreement") with RMB Australia Holdings Limited ("RMB Australia") (see Tyhee news releases dated February 14 and August 21, 2014) has been further extended to October 31, 2014. Under the terms of the Agreement, RMB Australia provided the Company with a US$5 million loan (the "RMB Note"), which was previously to mature on September 30, 2014 and bears interest at 2% per month.

This extension has been made in order to facilitate Tyhee's plans to raise the appropriate capital for the previously announced Implementation Agreement with RMB Australia and Sutter Gold Mining Inc. (TSX VENTURE:SGM)(OTCQX:SGMNF) ("Sutter") whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter; and approximately US$17 million of RMB's additional debt exposure to Sutter (the "Transaction".) Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares, on a non-fully-diluted basis. Tyhee, RMB Australia and Sutter have also extended the closing date of the Transaction from September 30, 2014 to October 31, 2014, or such earlier or later date as the parties may agree.

The TSX Venture Exchange (the "TSXV") has conditionally accepted the terms of the Implementation Agreement, subject to a number of filing requirements, including a revised NI 43-101 Technical Report on Sutter's primary asset, the Lincoln Project near Sutter Creek, California. Completion of the Transaction is subject to a number of conditions, including the final approval of the TSXV.

Tyhee continues to be actively engaged with a variety of large international investment groups, which have expressed an interest in providing the capital required to conclude the Transaction.

In order to advance the financing process, SRK Consulting (U.S.), Inc., ("SRK"), out of their Denver office, has completed an independent due diligence overview focusing on the Lincoln Project. SRK's Risk and Opportunity Report examined the project's geology as well as Tyhee's mine and milling plan, including the costs and financial model. The results of this independent review are being provided to the Company's potential funding partners as well as to the TSX Venture Exchange.