NEW DIAMOND DRILL PROGRAM McCUAIG PROPERTY, RED LAKE, ONTARIO

November 8, 2006

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) is pleased to announce that the McCuaig Joint Venture (40% Golden Tag, 60% Rubicon Minerals Corp.) has approved a $200,000 program consisting of a maximum 1,200 meter drill hole on the property. The McCuaig JV property is strategically located on the Red Lake Mine Trend which is host >25 million ounces past gold production and current reserves. The proposed drill hole is designed to test the down dip extension of the #1 vein at the adjacent Mackenzie Mine, where the vein may enter the Balmer Volcanic stratigraphy, coincident with the limb of a regional antiform. Drilling is scheduled for late January, 2007.

 

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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