Discovery Of New Zone Of Epithermal Mineralization Close To Surface

TORONTO – Golden Tag Resources Ltd. has successfully discovered a new zone of epithermal mineralization commencing approximately 68 meters (m) vertically below surface on the Company’s 100% owned San Diego Project, located in Durango Mexico. Hole 21-57 discovered a new zone of epithermal mineralization, intersections are: 892.25 g/t Ag.Eq over 10.0 m from 73.0 to 83.0 m; 115.33 g/t Ag.Eq over 5.54 m from 87.16 to 92.70 m. Two previously unreported zones of mineralization in historic hole 07-24 may be related to the newly discovered mineralization in hole 21-57: 213.85 g/t Ag.Eq over 2.0 m from 47.25 to 49.25 m located approximately 10 m east of hole 21-57; and 404.29 g/t Ag.Eq over 3.75 m from 208.90 to 212.65 m located approximately 55 m north-northeast of hole 21-57.

Greg McKenzie, President and CEO, said, “We were pleasantly surprised to have discovered this new mineralization, located at the top of hole 21-57 approximately 500 m above the planned target area. This is a significant discovery because it opens up the potential for epithermal type mineralization on the San Diego Project, above and beyond the broad skarn mineralization typically encountered. Our next phase of drilling will attempt to follow up and expand upon this discovery.”

Hole 21-57 was drilled to the north-northwest to test the 1849 Target which lies near the northwest contact of the Central Diorite at approximately 550 to 650 m downhole. The hole intersected a series of epithermal breccias and quartz-carbonate veins within the Central Diorite intrusion from 73.0 to 92.70 m which are characterized by cavity filling banded quartz and carbonate veins with fluorite and associated sulfides comprised primarily of pyrite, sphalerite, galena, boulangerite, and arsenopyrite. This new zone returned 892.25 g/t Ag.Eq over 10.0 m (73.0 to 83.0 m) and 115.33 g/t Ag.Eq over 5.54 m (87.16 to 92.70 m). Structural measurements indicate a northeast trend to these veins. They appear to crosscut an earlier system of west-northwest veins. Hole 21-57 was drilled from the same setup as historical hole 07-24 and both holes were drilled towards the north. After examining the data from hole 07-24, two previously unreported zones of mineralization which may be related to the mineralization in 21-57 were observed: 213.85 g/t Ag.Eq over 2.0 m (47.25 to 49.25 m) located approximately 10 m east of and 30 vertical m above the hole 21-57 intersection and 404.29 g/t Ag.Eq over 3.75 m (208.90 to 212.65 m) located approximately 55 m north-northeast of and 120 vertical m below the hole 21-57 intersection. Assay results have been received on 100 samples and are pending on 704 samples submitted from hole 21-57.

Epithermal mineralization at San Diego differs from skarn mineralization in that the gold and silver grades are significantly higher. In the results from 21-57 and 07-24, the gold grades range from 0.31 to 0.55 g/t Au and the silver grades range from 53.99 to 627.66 g/t Ag.