GOLDEN TAG RESOURCES GIVES ECU SILVER MINING INC.NOTICE OF ARBITRATION TO ENFORCE RIGHTS IN THE SAN DIEGO PROPERTY JOINT VENTURE

June 23, 2009

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) has today given a formal notice to ECU Silver Mining Inc. (“ECU”) demanding arbitration consequent upon having determined that ECU, the operator of their San Diego joint venture has failed to remedy fundamental breaches of the option and joint venture agreement (the”JVA”), signed on November 2, 2005 in respect of the San Diego property. The silver zinc rich property is located in the Velardena Mining District, Municipality of Cuencame, Durango State, Mexico (the “Property”). Golden Tag’s counsel in a letter dated March 20, 2009 notified ECU of these breaches and Golden Tag subsequently received assurances that the breaches would be rectified within the requested 30 day period. Despite several follow-ups, the breaches have not been remedied. Golden Tag is fully vested in a 50% Property interest under the JVA.

 

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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