McCUAIG JV DRILL RESULTS McCUAIG RED LAKE PROPERTY

April 30, 2004

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) announces the results of the winter diamond drilling program on the McCuaig property in Red Lake, Ontario held by the McCuaig JV (40% Golden Tag, 60% Rubicon Minerals Corporation). The McCuaig property is strategically located on the Red Lake Mine Trend which is host to >25 million ounces past gold production and current gold reserves. Diamond drilling consisting of 10 holes for a total of 1950 meters was completed in 2004 and was focused chiefly on the possible eastward extension of the 1900 Zone. Holes 51 to 54 and 57 to 59 encountered strong silicification within ultramafic rocks over a horizontal distance of 300 meters. Significant values of gold over 1.0 gAu/t were encountered only in two holes with the most significant value of 19.1 gAu/t over 1.0 meters associated with a narrow 1cm thick quartz vein bearing significant visible gold in hole 53. Additional holes in the program tested conceptual targets across the property.

 

The exploration program was supervised by Qualified Person Darwin Green, M.Sc.,P.Geo. Assaying of sawn NQ2 drill core was carried out by ALS Chemex Labs of Vancouver, B.C. and included inclusion of standard and blank samples for QA/QC purposes.

 

A summer program to review and evaluate target potential on the property, as well as a legal claim boundary survey to bring the claims to a mining lease is planned by the McCuaig JV partners.

 

Golden Tag Resources Ltd. is a Montreal based Canadian Mineral Exploration Company trading on the TSX Venture Exchange on a continuous basis since 1982. There are presently 12.7 million shares issued and outstanding.

 

 

 

 

For additional information, please contact:

 

Golden Tag Resources Ltd.

Marc A. Carrier, President & CFO

Ph: (514) 426-8542

Fax: (514) 426-8543

Email: pres@goldentag.ca

Web: www.goldentag.ca

 

Cautionary Statement: Statements in the release that are "forward looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. For a discussion of the risk factors that are inherent in the Mining Industry see our public filings at www.sedar.com.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

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