Tagish - Update

March 2, 2007 - Richmond, BC. - Tagish Lake Gold Corp. (TSX-V: TLG) is pleased to report on work in the next steps in moving to production.

The Contractor for the next phase of underground work at Skukum Creek is presently excavating drifts and raises on the Rainbow Two and Berg zones outlined in the diamond drilling program.  This work will allow the Company to estimate resources in the measured and indicated categories on these zones. It will also provide essential information on appropriate mining methods for the zones. As well, three crosscuts are being driven north from the Ridge Access Drift to provide a platform for additional drilling on the vertical extensions of the Rainbow Two and Berg zones.

As part of the Quality Assurance program on assays received for samples from the drilling program, check samples were sent to an independent laboratory.  A number of the results were significantly different (and mostly higher) from! the original results. This necessitated sending samples to a third lab for confirmation. The results from the third lab generally confirmed the original results. This has delayed the  up-dating of the mineral resource estimate.  A preliminary resource estimate is now being prepared by the independent consultant.

The Company will then be in a position to award the contract for the full Feasibility Study, based on the technical information being developed and using prices of US$475 and US$7.50 for gold and silver respectively. Work is currently underway on various aspects of the feasibility study to provide the additional technical information necessary to refine the project.  As presently envisaged, the Feasibility Study will be based on a lower cut-off grade of 4g/t gold equivalent, an annual throughput in the plant of 300,000 tonnes per year, with projected annual production of close to 50,000 troy ounces of gold and of 1,200,000 troy ounces of silve! r.

The Company has a booth (#2535) in the Investors Exchange at the Prospectors and Developers Convention (PDAC) in Toronto from March 4 to 7, 2007.  Shareholders and Investors in the Toronto area are invited to drop by to meet with us.

About Tagish Lake Gold Corp.
Tagish Lake Gold Corp. explores for and develops high grade gold-silver mineral deposits in the Yukon Territory of Canada. The Company is currently focused on its wholly owned, 178 km2 Skukum Mineral District located 80 km by road south of Whitehorse.  The Skukum Mineral District hosts the Skukum Creek gold-silver deposit and the Goddell Gully gold deposit, with a currently defined measured plus indicated resource of 1,120,000 tonnes grading 8.0 g/t Au and 153.1 g/t Ag (MineTech June 2003, available on Sedar); and the Mt. Skukum gold deposit.

FOR FURTHER INFORMATION, visit the Company's website at www.tagishgold.com, or contact:

Tagish Lake Gold Corp.    
Robert (Bob) Rodger, President  
Tel:  604-273-6477    
Fax: 604-248-2996     
www.tagishgold.com    

Renmark Financial Communications Inc.
Barbara Komorowski: bkomorowski@renmarkfinancial.com
John Boidman: jboidman@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

Should you wish to receive Company news via email, please email investor@tagishgold.com and specify "TLG News" in the subject line.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This news release includes certain forward looking statements in respect to various issues including upcoming events. These forward looking statements are based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially.  Mineral exploration is subject to a high degree of risk, which even a combination of experience, knowledge, and careful evaluation may fail to overcome. Exploration activities are also expensive. The Company will therefore require additional financing to carry on its business, and such financing may not be available when it is needed.  The Company disclaims any obligation to revise ! any forward looking statements as a result of information received after the fact or regarding future events.