GOLDEN TAG REPORTS NEW GOLD SHOWING FOUND ON AQUILON PROPERTY, JAMES BAY, QUEBEC

July 29, 2004

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) is pleased to announce very positive results from an initial evaluation program on the Aquilon Property in James Bay, Quebec where the Company can earn a 60% interest in the Property from Sirios Resources Inc. and SOQUEM Inc. (see Golden Tag news release of November 20, 2003 for details).The purpose of the program was to review the geological setting of known auriferous zones and to prospect promising new exploration targets. Several grab samples were taken over historical showings and returned assays of >100 g/T Au. Prospecting to the east of previous work has identified a new gold showing – the Red Toad showing - which returned significant assays in two grab samples, 1691 g/T Au and 153 g/T Au.

 

LEARN MORE

 

 

 

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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