COMPANY UPDATE

July 23, 2010

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) The arbitration hearings between Golden Tag and ECU Silver Mining Inc. (“ECU”) in respect of the San Diego, Mexico property are scheduled to re-commence in Montreal on July 27, 2010. The second meeting of the arbitration hearing is necessary as the first meeting held on May 26th to May 28th was not sufficient time to complete matters. Golden Tag is fully vested in a 50% interest in the property pursuant to the joint venture agreement (“JVA”) signed on November 2, 2005. ECU is operator of the San Diego joint venture. The arbitration hearing is taking place as a result of numerous fundamental breaches of the JVA which Golden Tag alleges were committed by ECU. For more information, see Company press releases of June 2, 2009 and May 20, 2010.

 

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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