GOLDEN TAG COMMENCES 5,000 METRE DRILLING PROGRAM ON SAN DIEGO PROPERTY, MEXICO

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) is pleased to announce that a 5,000 metre diamond drilling program has commenced on the San Diego Property, Velardeña Mining District, Durango State, Mexico. The program, which is the 6th phase of drilling on the property, is budgeted at $US1.8 million and is being wholly-funded by Golden Tag as part of a recently revised joint venture agreement with Golden Minerals Company (NYSE Amex: AUMN; TSX:AUM) {see press release: April 17, 2012} whereby Golden Tag has the right to increase its interest in the joint-venture from 50% to 60% by funding the next $US3 million of exploration expenses. Golden Tag is the operator.

 

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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