MARKETING AGREEMENT – BROAD STREET MARKETING INC. GRANTING OF OPTIONS

August 7, 2008

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) announces that it has entered into an agreement (the “Agreement”) with Broad Street Marketing Inc. (“Broad Street”) to provide marketing and a financial markets exposure program for the Company.

 

The Company has retained Broad Street for a minimum 3 month period and thereafter month to month. Pursuant to this Agreement, the Company will also grant 200,000 incentive options to Broad Street, which will vest over an eighteen month period subject to the contract remaining in effect, in three tranches of approximately 65,000 options exercisable at a price of $0.30, $0.55, and $0.80 respectively.

 

Broad Street is a U.S. based corporation providing financial services whose principal is Greg Paige. Mr. Paige has 32 years experience in public markets, owned and operated two U.S. NASD registered Broker-Dealers, and President of Corporate Finance for a National Market System Financial Services Company.

 

The Company announces that it has granted its directors and officers non-transferable options to purchase a total of 450,000 shares in the capital stock of the Company at a price of $0.35 per share exercisable on or before August 7, 2013. These options were granted pursuant to the Company’s existing stock option plan and are subject to a vesting schedule whereby one-third of the options will vest every six months over an eighteen month period after the date of the grant. The allowable discount was not utilized as the option price was set on present market prices.

 

 

 

 

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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