Tagish Receives the 43-101 Compliant Mineral Resource Estimate for
Skukum Creek
Richmond, BC. - August 29, 2007 - Tagish Lake Gold Corp. (TSX.V - TLG) is pleased to announce that, with the addition of resources from the Rainbow Two and Berg zones, the measured and indicated resources at Skukum Creek are now estimated to be 1,066,000 tonnes at 6.4 g/t gold and 187 g/t silver and the inferred resources are 206,000 tonnes at 6.8 g/t gold and 155 g/t silver, both at a 4 g/t cut-off grade. These estimates are slightly higher than previously reported on May 22, 2007. All of the zones at Skukum Creek remain open. Another 5,000 metre drilling program will be undertaken from the drill cross-cuts driven as part of the current underground work program.
Mr. Robert Rodger, President of the Company, stated: "This resource estimate for the Skukum Creek deposit provides a sound basis for the Feasibility Study presently being prepared by Genivar."
The resource estimate was prepared by Douglas Roy, M.A.Sc., P.Eng, of MineTech International Limited, a qualified person under NI 43-101.
The 43-101 compliant resource estimate report for the Rainbow Two and Berg zones prepared by MineTech has been posted on Sedar.
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, and has a currently defined measured plus indicated resource of 1,420,000 tonnes grading 6.8 g/t Au and 131 g/t Ag (MineTech August 2007, 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 Rodger, President
Tel: 604-273-6477
Fax: 604-273-6488
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.
