GOLDEN TAG APPOINTS NEW DIRECTOR

Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) ) is pleased to announce the appointment of Mr. Jamie Levy as a director of the Company. Mr. Levy brings 20 years of financial market experience having worked with Taurus Capital and Byron Securities culminating as Vice-President, Trading and Head Trader with Pinetree Capital Inc responsible for Pinetree’s investment portfolio. Mr Levy holds a B.A. in Economics from Concordia University.

 

Pursuant to this appointment, the Company has granted 250,000 incentive options for a period of 5 years exercisable at a price of $0.22, which is an approximate 19% discount to the Company’s closing price of $0.27 on July 4, 2012. The options are subject to regulatory approval and 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.

 

Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Gold Project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558 issued and outstanding shares and has no debt.

 

 

 

 

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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