DIAMOND DRILLING COMMENCES ON McCUAIG RED LAKE, ONTARIO PROPERTY

February 21, 2007

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) is pleased to announce that it has been advised by Rubicon Minerals Corp. , the operator of the McCuaig Joint Venture that diamond drilling has commenced on the McCuaig property (jointly held 40% Golden Tag, 60% Rubicon).

 

The program is designed to test the down-dip extension of the #1 vein at the adjacent Mackenzie Mine, where the vein may enter Balmer Volcanic stratigraphy, coincident with the limb of a regional antiform. The regional setting of the target is interpreted to be similar to the new Bruce Channel Discovery Zone (“BCD”) that is currently being drilled by Golden Eagle Mines (Southern Star/Exall) to the immediate southeast of the McCuaig property. Numerous multi-ounce intercepts have been reported from drilling on the BCD Zone within Balmer Volcanic rocks along the margin of a regional antiform and at a vertical depth of 800 to 1,200 metres.

 

 

 

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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